Post
Topic
Board Announcements (Altcoins)
Re: [ANN][COYE] Coinye Coin - v3.0 ADDED BOUNTIES 50M & TWO NEW EXCHANGES
by
ratcatcher
on 17/02/2014, 13:32:16 UTC
we realize that we must make a sacrifice and sell at 1 sat in order for the coin to become widely distributed among investors whose primary goal is to make money of this coin.

How do you know that this will distribute the coin more widely?  The buy orders at 1 sat could be primarily from those who already hold large volumes of the coin and simply want to pick up more for next to nothing.  In fact they could be the same people who also have sell orders at 2 sat.  So in fact you could simply be concentrating ownership in the hands of fewer people and keeping the price down.

These are genuine observations from a novice, by the way.  I'm interested in the rationale for this policy.