Re: [ANN] [PMC] Premine! - 100% Premine / 100% Distribution - Mining TX fees only
I'm liking the ideas coming out of this thread now, however at the same time we shoud be mindful now to make big changes when we're not sure how small changes will effect the currency. Right now I think coin movement and tx fees are going to be the biggest contributing factors to the coins success, and once that is done, other ideas will certainly be worth considering.
There is a very specific order of how things should be done else there will be a dissaster. Unless there is protection in place
against the possible situation which I've explained earlier it is unrealistic to expect people will be buying PMC for much BTC
or whatever other cryptocoin. It would be like buying 1kg gold bar from someone who afterwards leave you solo with a group
of Somali pirates or some similar folks.
I have calculated my risks and assigned a total 0.05 BTC for buying PMC. That much BTC I can lose but the price at which I'm
buying still reflects the chances of ending up with nothing. It is not like I can just throw out 0.05 BTC so it is either lose that
money or get huge pile of PMC.
0.00001000 2000 0.02
0.00000875 1142.8571 0.00999999
0.00000750 1333.3333 0.00999999
0.00000625 1600 0.01
0.00000500 2000 0.01
Those are my orders at Poloniex, dump dump dumppppppppppppppppppppp!
I agree that risk vs reward is a big factor at play, but that's no different than any other coin. I think the potential value is also important to consider in such decisions. I personally would put 0.1 BTC into PMC right now. If I had the BTC free, of course. I hope I will soon.
I already have a decent stake, so actually if I bought PMC I would not be contributing to its success. If anything I need to give away or otherwise distribute as much as my PMC as I can afford to do.