Quote from: valgandar on April 20, 2018, 06:53:40 PM

Quote from: DeroHodler on April 20, 2018, 06:02:55 PM

I hope that DERO will consider forking to v7 as soon as possible. DERO could fork again to their own custom POW once it is ready. The nethash is up over 100MH/s, one person, or at least a small group of ASIC owners are getting the lion share of mining rewards released. The ~37,000 DERO released daily is enough to completely annihilate the buy orders of both exchanges. ASIC owners will only be interested in recouping their investment costs as soon as possible. Whoever is getting all of the DERO released cannot sell all of their rewards as the price would plummet.

I would assume that a fair amount of DERO is being put aside from these miners for future sale at a more opportune time. This could significantly thwart DERO's future momentum in the market.

I must agree. Or it could be worse. They could not dump it, and if the project succeeds (as I think it will), they'll become the biggest bag holders without so much efforts. Not much fair. It defeats the decentralization and anti ASIC principles that the project bases itself.

I'm not sure I see a big problem. Maybe you guys are right, but I need to be convinced. There are two main issues as I see it. The first is that the current supply of new coins isn't going to us anymore, those among us in this community who are miners, but are instead going to some other bunch of guys instead who don't really "care" about the coin. But why does that matter? If you still want to get the coins, mine some other coin instead and exchange for the Dero you want to accumulate. If Dero hadn't been listed on any exchange, the ASIC phenomenon would have been a lot worse - but then of course if Dero hadn't been listed on any exchange, the ASIC guys wouldn't really be interested, would they?

The second problem is price. There are two possibilities. Either these guys start dumping their Dero, and price declines, or they don't, and price more or less continues as it has been, or they all hold, and price increases. To me it seems most likely these guys will dump. Aren't they all in it for short term profits so they can move onto the next thing (buy more ASICSs)? So Dero price decreases for a while, and that's good for us believers, right? We get to buy up a lot of Dero cheap!