Quote from: CyberCoinDev on April 06, 2015, 07:50:01 PM

Quote from: eprocent on April 06, 2015, 07:13:38 PM

Quote from: drays on April 05, 2015, 11:17:27 PM

Quote from: CyberCoinDev on April 05, 2015, 06:35:41 PM

Quote from: TimSweat on April 05, 2015, 09:08:39 AM

DEV , why you letting the value drop ? is there a reason for it ? this could be a very good coin .

letting?
Price drop is natural, it happens on the best of coins and the worst of coins.
It's when the market goes stale, things go bad. letting ∁∁ settle on a floor within the
high vPoS is not a bad thing. For some it's sell, for some it's accumulate, and for others
it's just stake and do not bother with market. For the dev to try and influence the market
at this point is not a good thing. Nobody forced you to mine or stake or buy or sell, you make
your own choices, in 10 days it might be 1 SAT or 500 SATS the big players will decide.
The devs did not mine millions of ∁∁, we only mined what the average miner did, so we
are watching the same like you are. We can influence price as much as the other person can,
no more no less.

Of course you can influence the price much more than any other person can. You are the Dev, you decide what is the plan for the coin development, and whether you are going to give any real value to the coin (roadmap/whitepaper/updates/adoption), or just let it lose its cost proportionally to the high inflation rate during vPos.

All this reminds me very much of the notorious Intellect coin...

I Agree with You in this point @drays

The only reason someone would want the dev to influence prices during high vPoS distribution
is that they want to sell at a higher price exit point. If that is the case you are welcome to pump
and dump. If you are worried about what you bought you should stake to counter the natural price
reduction or just exit and cut your loss. A loss is not a loss until you sell. Nothing changed about specs
since release, so what made you get into ∁∁ did not change. Real value of the coin is not given by
(roadmap/whitepaper/updates/adoption), it's all supply and demand, when the math demands it,
people will stop selling and will start buying. For those waiting on (roadmap/whitepaper/updates/adoption),
will have to go the 15 days of high vPoS like everyone else before we release it.

Very well put Dev, and i don't think anyone can argue with the logic of any of that

Weirdly enough I'm even slightly more confident in the future of ∁∁ after reading that and these low prices are looking even more attractive to add to my bag. No need for beer goggles, I'd take ∁∁ home sober at these prices no questions asked.