Post
Topic
Board Announcements (Altcoins)
Re: [CENT] Pennies relaunched
by
VanityWallets2015
on 02/10/2016, 18:11:27 UTC
Why do you guys want to try to resurrect this coin ? I don't even see a market for it so even if you get the bootstrap working well and everything then what will you do with your cents ?

It's not being "resurrected";

- trust was placed in the "Cent Team (cent.rocks)" keeping this blockchain updated and continuous
- people have invested time and money in this coin and therefore there are stakeholders

Personally I am tired of the losses that people have occurred investing in good faith that these things will continue, you only have to look at the Bittrex delisting to see the number of coins abandoned or not being supported. I am unhappy with this.

To answer your question, I quote from above;

"Because pennies is not a divisible denomination, e.g, one coin is one coin, it could be easily given a fixed global value that is not subject to devaluation despite POS, which means it could create new wealth if an agreement can be reached with financial services authorities. Responsibility of wealth control via the power of debt issuance must be taken away from those institutions and bankers and the continuation of the debt based model, we no longer require that in society."

If you are unable to see a market for it, that's up to you, personally I can see a number of key markets for this coin and as such I will continue to support and develop accordingly with my partners and stakeholders.