Quote from: laura@@ on January 20, 2014, 11:23:24 PM

Quote from: MeGaDoOm on January 20, 2014, 08:00:45 PM

Quote from: TwentyGotoTen on January 20, 2014, 07:36:57 PM

Coinbase is offline right now. When is 5x day? If miners want to be shortsighted and dump eac, I'm going to buy up as much as I can on the way down.

9 hours

Be honest , i think EAC has a fatal design problem . If miners decide to sell slowly , EAC will never recover in price. and investor will leave. Miners will drain the last cent of money from EAC. and then move to next coin.

After EAC become popular , this wont be a issue, since more minor will mine EAC on 5x day. But , 5x may kill EAC in early stage and never have a chance to grow up.

I dont know if Dev could cancel 5x day at this moment . For me , 5x payout day is like a game for miners. but not serious for investors. I cant imagine how EAC will become a currency with such feature ( born to be unstable in value, even worse than btc) . and expected to drop/increase value every 2 weeks.

Your point of view is correct in a static frame. The way I see it, these fluctuations are like a heart beat. They provide a cycle of attraction for speculators and adopters and investors. There is change always happening. So on a 5x day you 'may' see a price drop - it is more evident now because the base is relatively small. When the base becomes bigger you might be surprised the effect of 5x days have on the price.

So I see the non-linear fashion of money supply creation as spurring adoption much faster, as a mother's heart beat is the sole driving force that kickstarts her babies heart beat, that is what we wished to accomplish through a capital mechanism of fear and greed. Rolling hills of despair and optimism. Nothing better causes chatter and exposure. Those who win with longer time horizons and those who lose and come back in higher out of anger.