Quote from: Dvd1989 on September 30, 2017, 03:57:09 PM

Why the hell are people selling COLX for 3 or 4 sats? I mean, do they want to lose money? CV2 is selling for 4 sats aswel. Sometimes, I don't understand how the world works

Not everyone knows about the CV2->COLX coin swap. And to be honest, NovaExchange doesn't show anything about it on the CV2 trading page or the wallet page either.

So people only see the CV2 price go down, they give up and sell their CV2 for 2 sats and we will even see 1 sat sells soon.

For the 3 months to come, this will make it effectively possible to buy COLX for only 2 to 4 sats (buy 2 CV2s @ 1 or 2 sats, swap them for 1 COLX), keeping the COLX price low: we may see 3sat sells and 2sat buys for COLX for quite some time.

Personally, I think that:
- At least, NovaExchange should inform people about the ongoing swap on the CV2 trading page and the wallet page;
- All CV2 markets should close after e.g. 2 weeks as they clearly hinder COLX price development;
- After closing, all remaining CV2 coins should be swapped automatically to COLX at the 2:1 ratio. There is no reason to assume that people would want their coins to be destroyed rather than swapped automatically.
- I even feel that anyone who can prove ownership on any CV2 balance (e.g. by signing a message) should be able to swap them to COLX indefinitely.

Simply put: if you put money in a vault, a crypto wallet, a paper wallet or an exchange, its reasonable to expect that the money will still be there after three months (quite a short period actually).

We don't have the right to randomly take coins away from people, even if they apparently don't pay attention to their coins. People should not need to pay attention to their coins anyway. They might have stored paper wallets in their vault, saving them for later. Should they really be forced to login to exchanges or other sites regularly to prevent their savings from being burned? This will reduce the trust in CV2/COLX and cryptocurrencies in general.

Burning unswapped coins, effectively transferring their value to our swapped coins, is nothing less than stealing.

You might laugh today because other people's losses are your profits. But you'll cry tomorrow when its your savings being burned while you looked away.