Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SGL] Sigil - Decentralized, 0% Fee Crowdfunding
by
cdawall
on 12/02/2018, 04:02:43 UTC
So your argument is: because difficulty is low, miners will hodl and stake more? Lol oh boy. Just take the L on this one.

Well I know I would not be selling the coin at 600 sats (it is actually lower than ETN, that is astounding). That is what market value is right now. Everyone holding means more coins, means higher PoS difficulty. Interestingly enough if you check PoS difficulty it has gone up, double actually from last week. I don't feel like the coin supply has doubled. However the volume has dropped and value has dropped. Seems like a quite simple assumption to make at this point. Even I have stepped back my large miners from this and only have 6-7KH/s mining towards it to grab some of the PoW low difficulty, but my other 23KH/s is elsewhere in a coin most have not heard of.