Quote from: jackdminer on March 03, 2014, 10:35:39 PM

Quote from: SparkIt on March 03, 2014, 10:23:43 PM

Quote from: jackdminer on March 03, 2014, 10:17:56 PM

Quote from: placebo on March 03, 2014, 09:50:01 PM

Quote from: jackdminer on March 03, 2014, 09:39:14 PM

Placebo - with all due respect the effort to mine a coin does not set the price so none of this is predictive of the future price:

"About KDC, when you check that you can only mine 100KDC per 1000Kh/s per day and my rule (before the bear market was) 1000kh/s = $8 then it means that 100KDC = $8 or lets say 100KDC = 0.01BTC (to make it easy) so 1KDC = 0.00010000 and now we are trading at 0.00004800 so a little discount of 50%."

It could take $5 worth of effort to mine (n) number of coins in a day and if the highest bidder only was willing to pay $1 for all that effort that is the price.
On the supply side few people will be willing to sell for less then the cost of work, or the fair market value for that work against other coins. Out of this two sided behavior a market is born.

In a sense all the reward reduction did was reduce the sustainable network hash rate of the coin, it will not increase the supply of bidders or the amount they are willing to pay. Just asking for a higher price will not generate a trade and the market will dry up as the spread widens.

Maybe you're right, maybe you're not. Before the fork was announced KDC was trading at 3500, now we hit 6000 yesterday and today 5000, so indirectly the fork already increase the price.

But of course just changing the structure is not helping the future of KDC, what is helping the future of KDC is

1. Added to coinpayments.net
2. kdcgoods.com website
3. cryptogamecode website
4. Hostdab, and other websites allowing KDC as payment method.
4. New website

In progress:

1. New KDC exchange
2. Manymore

This is a LOT more important then the fork. The fork WAS NEEDED to decrease the deflation (or in fact inflation of coins) and to get the dumpers out of the system. Now 80% of the people that are mining KDC at the moment are believer of KDC, long term believers. Also the KDC has been increased a lot, in fact it almost doubled. New marketing leader, some other people added to the KDC team. KDC has changed from a quiet coin to a active coin.

As i'm sure that you also need to admit that the results of the last few weeks is impressive.

Yes the last few weeks have been impressive, but please remember no one is dumping coin! We don't provide hash rate at a discount. We all want the highest possible price!

Be aware that an 'exclusive' club of 'hoarders' will not attract bidders and higher prices, but rather chase them away as market liquidity in KDC dries up and ALT COIN money seeks more transparent liquid markets.

There is no magic in alt coins just speculative and or illicit dollars on one side and processing power on the other. That's it.

I'm still looking for the explanation of why someone who does not mine KDC would be persuaded to exchange BTC, USD, EUR, whatever for KDC so they could buy something they can already purchse at the same place with the currency they already hold.

Because we have an awesome gamestore, we have a store where you can buy stickers, t-shirts, giftcards (steam, amazon and gamestop. Hopefully EA-games too soon) and condoms for god sake! Not a lot of alt coins has this, do they? What about Lottocoin, Casinocoin, MINT, TOP, Peng, Corgi, LEAF, RIC and Vert... Do they have stores like this? I know Lotto, csc, mint, peng and LEAF doesn't at least.
We do.

These stores won't get KDC up to $1 tomorrow or next week, but in a month or two.

That's why people should invest in KDC.

Why is Auroracoin trading so high? Why is Doge so big? You could buy the things you buy with Doge, with your BTC... right?

BTC doesn't have a developer, alt-coins does. KDC has great ones and we have a great community.

Yes the community is awesome and its cool you can mine a $20 GBP amazon card. And I have much respect for those who dedicate time and effort to the pursuit.

But again considering the general public who does not mine KDC why wouldn't I just purchase a $20 card down the corner with the cash in my pocket?

As a crypto coin you can only attract speculative dollars, paranoid dollars, and illicit dollars. Grandma will not give you her dollars.

Respectfully, I think you are missing the point. The point is to be able to spend KDC to buy giftcards, klondoms, etc... not convert bitcoin to KDC then buy klondoms.