Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: LUXCoin—New PHI1612 PoW/PoS Hybrid—PrivateSend—LUXNodes—Live on Cryptopia
by
matey1111
on 20/02/2018, 04:06:27 UTC
⭐ Merited by wacko (1)

Bid: .00141934 LOL


it was .0032 a couple of weeks ago LOL

BTC was almost half the price at the time LOL, god, your thick
Actually, no. When LUX was 0.003+, it was not "a couple of weeks ago", as he said, but more like a month ago. January 21st to be precise, is when LUX went above 0.003, and January 13th before that. And at that time BTC was $11.5k and $14k respectively. So yeah, LUX price did drop a lot, ~ 2-3 times from the value it had a month ago, and even more than 3 times since 5 weeks ago (at least lux/usd pair). And when something goes down in price by 200% in just a month, people do tend to get angry and frustrated. Smiley That's probably why devs are changing the MN payout scheme, hoping to attract new investors that would bring the exchange rate higher than it is right now.

IMO, that's probably a poor short term plan, They should grow the community by engaging the masses not a minority, if an "investor" purchases enough LUX for a MN, it will be doubtful they would be buyers as takers, they will be low buyers as makers, as to not create upward market slippage increasing their costs.

Decentralization is key for mining, however MN's are clearly Centralized. Way too much dumping potential in one place to be trusted.
 
Might as well call MN's the LUX Federal reserve.