Re: [CGA] Cryptographic Anomaly - MANDATORY UPDATE - PLEASE UPDATE YOUR WALLETS!
My belief is that if it the coin doesn't hit any exchange, people will stop mining it, and coins will merely be exchanged for minimal amounts by those who have given up on the coin, to those who are already mining it. People who missed out on the first week of mining may, unfortunately, look at is as a missed-opportunity. There needs to be a public value on an exchange for there to be incentive for new members to mine it.
Nobody's talking about it not going on an exchange. The discussion was about delaying it.
Since the intent of delaying the coin has been expressed, people who believe this coin is dead will bail as soon as they find out, and the coin should start to collapse immediately, so we'll see if you're correct in the next few days.
If only the people intending to mine/dump bail, it's all the better for people who stick with the coin long term (i.e., 30 days
). It's better for two reasons: The supporters and small-timers will be rewarded with more coins, and it will drain the swamp of predatory dumpers when it hits the exchange a month from now. You'll have a more mature coin with more stable values with people who actually want to trade, instead of dump on n00bs who get killed in a ClusterFFFFFFFFFFortytwo, which is incredibly harmful to the whole concept of cryptocurrency.+1 A man (I assume) after my own Heart...