No one really knows what is going on. I mean there is some room given to the fact coin
launches are always crazy. And add to that the BTC crash madness with GOX.
However -- no word from dev in 24 hours when everyone is saying "WTF".
Reddit has no new posts today that I can see from Dev. Same with forum.
It's weird for sure.
To me it smells like people getting cheap coins from early launch dumps, launch chaos on purpose,
people mining all they can and making it seem like it's dead.
Then in a day or two or three - BOOM - "oh here we are" while sitting on tons
of new coins that they got while mining during all the FUD.
I have seen this over and over. Fear can be a great way to make people go away
for a bit on purpose.
So I guess for now we will sit around for 24-48 hours tops.
But yes community takeover is always possible for any coin.
And yes we can kill the pre-mine addresses.
Anyways.. let's check in tomorrow.
I guess the difficulty sky rocketed then many miners left, hashrate dropped like 80%. Stuck at this difficulty for half a day.
Difficulty will be dropping a ton in 2 blocks, and its taking forever for the network to get thru those two blocks.
Last time the diff dropped the diff skyrocketed within 20 minutes....lets see if that happens again.