Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NEW][CRYPTONIGHT][COIN] PINKSTARCOIN
by
Mangusta
on 29/01/2018, 21:07:17 UTC
I wan't to make a suggestion for the future site that imo must be taken in to consideration in order for the coin to succeed.

1. The problem: Crypto is volatile!
     When speculating and wanting x10, x100 etc this is great considering some coins do x2-x5 in a day. However its not great at all when considering crypto as a active currency to be used by the masses.
     The problems is that if a user wants to sell a video card for 300$ and 1 PNKS is 1$ the seller is gonna list it for 300 PNKS. However during the day PNKS  may fall to 0.8$. Then the a buyer snipe the GPU for 300 PNKS
     but the 300 PNKS now cost 240$ not 300$. Pocketing the difference of 60$ for his gains before the seller can adjust the price. The seller needs to constantly update the PNKS to match the going rate of PNKS compared to
     $.

 


     This uncertainty will make people use caution when using PNKS to buy stuff  because you never know if your PNKS will worth more or less the next hours. And uncertainty will mean less usage.

2. The solution in my eyes.

   Dynamic PNKS pricing. PNKS site will automatically track the going rate on multiple exchanges where PNKS is sold and calculate a average $ going price. This will look like this on the website

   Seller: I want to sell a GPU for 300 $
   PNKS site: This will sell it for 300 PNKS current price. Agree? Please be advised dynamic pricing is active.
   Seller: Sure.
   PNKS: Okay PNKS site will track in changes in $ to PNKS rate.
   *Price in PNKS varies so at some point the GPU is selling for 310 PNKS at some point for 270 PNK's*
   *Item sells*
   PNKS site: Your item sold for 290 PNK with value of 300$


"There is a joke about a kid wanting 0.5 BTC from his father and him responding why do you need 18 000 $? 16 000  $ is a lot of money. Are you sure that you really need 21 000 $ right now?"


Is there another idea to deal with what i explained, I am not saying my idea is great I see this a future problem if we are after mass adoption.