Quote from: luck5 on March 03, 2014, 06:19:10 PM

Quote from: jackdminer on March 03, 2014, 05:47:22 PM

Quote from: placebo on March 03, 2014, 05:09:57 PM

Jackdminer,

You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.

A reduction in BLOCK REWARD does not reduce existing supply, it only reduces the future growth of supply they are not the same thing.

Its great that more merchants accept KDC. Its great that there is more than one exchange to trade KDC. However if the merchants and exchanges accept/trade other currencies what drives demand to acquire KDC other then speculation?

Example:
If my local hardware store accepted KDC as payment along with BTC and USD, as a non miner or holder of KDC I would choose the most economical form of payment to me which will always be the method without the real and opportunity cost associated with exchanging coin/currency x for KDC.

KDC as a form of payment alone does not drive new resources to KDC.

No crypto coin can survive the death of its network hash. No one will provide hashing power for less then market rates for long.

Yes it definitely reduce supply, it reduce DAILY supply, by 80%.

That means that the market wont be flooded with 100.000+ coins per day, and miners wont dump as before and kdc will have a lot less selling pressure, (hopefully) enabling the price to go up, if demand is same as before.

I think some people are confused about supply and demand in a market exchange.

The amount and price of the coin on the offer (ASK) has little bearing on the BID, since KDC is not a commodity and the demand is scarce the BID (willingness to pay) ultimately sets the price.

That is to say what is scarce in the market is the supply of BIDs to purchase the coin so the supply of coin looking to sell is forced to accept the BID. This is true if you are attempting to sell 1 coin or a million coins you will only be able to exchange it for the highest bid.

As the supply of BIDS increases the BID price becomes competitive as one BID seeks to filled ahead of other BIDS. This is the only way a seller will get a more attractive price.

Reducing the supply of coins for sale does not make BIDs more plentiful.