Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SCRYPT] Klondike Coin ★ 16 coins block / 19mil total ★ 0% Premine [KDC]
by
placebo
on 05/03/2014, 18:34:31 UTC
KDC is on life support here.  Great services, just no one to use them.  Goes to show that hypes/pump and dumps rule the day.

ETA: and I say this as a holder of 55000 KDC..  unfortunate.

So now its the pump and dump coins that have destroyed KDC? (That everyone in this thread is trying to become a part of BTW)  

I thought it was the profit miners flooding the market, or the 77 KDC reward causing inflation?


No the problem is too many of you believe a low reward per block = higher price.  The reward per block serves an entirely different function and that is to support network hash rate, nothing else. You minimize the dillutive impact of the daily reward by striking a balance between reward/hash rate/market liquidity.

Now that there are few rewards per day to sell/hoard/speculate with post fork, the marketplace to exchange the coin for BTC looses efficiency increasing the BID/ASK spread and lowering trade volume detracting new money from investing/speculating in the coin which reduces efficiency further, creating a downward spiral feedback loop.  As I write this the last trade on CoinedUp: 0.00001538

All the while the meager total award value per day generated by the hash detracts miners and they move on to other coins, go play golf, head to the pub...
As the overall hash decreases lower and lower the reward per day is placed in the hands of fewer and fewer miners who slowly realize there are no more buyers of the coin at any price and at some point they capitulate, the coin dies.

So until someone decides to hit the undo button and reprogram the coin to have a sustainable, stable, liquid product you might as well pull up a seat and watch the train wreck.



 

Thanks for giving your opinion. Please note that this coin is ONLY 2 months old, this is not a coin created to have a huge pump and then everybody dump it in a few days like happens with AuroraCoin, and what will happen soon with Mazacoin.

You can look at it on the other side. YES!!!! KDC just hit 0.00001538, I WILL BUY, what do i have to lose, nothing!!! or you can complain, and complain, and complain. Also, maybe you notice or not, but NOBODY IS SELLING!!!, so the people that are selling, i don't know why they are selling, if you can already use Klondike to buy 3000+ articles then i find that not too bad.

I don't know, did you ever watch the bitcoin graphic from 2009 till 2012, and check it now. Give a coin the time to gain popularity.



bitcoin was the only crypto during a long time... not realy the case for the KDC wich is only a clone in a sea of clones...

A clone in a sea of clones, correct, but of all the coins that has been added lately, how many coins are able to say that they are accepted by coinpayments.net, how many coins can say that you can buy more then 3000 articles with their coins? I believe that the sea of clones then really degrees a lot.

You know Quark was NOTHING, TOTALY SHIT!! But they paid someone to promote it, and it worked QRK was trading at 0.00000039 and what did it hit, i don't remember anymore... There are so many examples of coins that suddenly go to the moon, why? sometimes people just don't know, you have a Wolong type of person on your coin, and everybody talk about it.

What we can give our miners/investors is a nice packages, still a lot needs to be done, that is for sure, but it is a start, and for being here only 2 months, i call it a big start.