Post
Topic
Board Announcements (Altcoins)
Re: [ANN] *PXL COIN* Mandatory Client Update / now supports Kimoto Gravity Well!
by
Tripmode
on 07/03/2014, 05:51:26 UTC
Quote
Early investors you need to reimburse their PXLs and register their wallets. So if they transfer them, they lose control of the AD. If they want to sell their
pixels then anyone can replace their AD since the wallet it deregistered. Yes I know you may not want to reimburse original investors but they were the ones
that deserve it the most. After all, they took the risk and supported the idea.

How did early adopters take any risk? The first 400k coins were instamined in 48 hours. I have a feeling those people who mined all those coins sold them and did well. People who bought in early understood the risk as all coins are extremely volatile and subject to wild price swings. People who holds the coins are doing so in the hope that the site gets wildly popular and some day a PXL will be worth a dollar. Remember when this model was the "million dollar homepage" advertisers paid a dollar per pixel. So there his historical price data to back up the notion that PXL could be worth a dollar. I just fail to see the "risk" anyone took and why they are so important that they need to be hugely rewarded.

Quote
If you dont change your business model someone else will do exactly that. The reason the coins value has no volume and is deflated is because your business
model does not allow for a pixel consumer so make money off an existing ad. Once the coin contains any value the original investor feels like a moron since all
he has is an expensive ad which the owner of the website can dump on the market at any time.

Once you change your model, you will succeed.

How can we "dump" his ad. If you buy an ad it is on the site forever. There is no other internet advertising where you can place an as forever. And I fail to see how an ad is expensive. For a few dollars right now you get a permanent ad. That buys you just a few clicks on AdWords. It's pretty cheap if you ask me ...

Also what you fail to see is that the devs are adding value to the coin by maintaining and marketing the website. By adding ads (content) it generates more traffic and interest. This is how the coin grows. Someone has to do the work and pay for bandwidth/marketing. It just donesnt magically happen itself. So the dev profits but rememebr the economic definition of profit is "the reward for efficient allocation of resources". If we are profiting we are doing what the market wants, which fules growth for all parties: the advertisers, miners, coin investors, devs. Everyone wins. That's the model.