Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | Reboot Sunday March 9th
by
djm34
on 08/03/2014, 18:44:27 UTC
1. The investors made an informed decision and not regret anything.
2. The business model is convincing enough to part people with their money.
3. Both miners and investors dont care if the devs or CEO become rich, as long as the coin they hold has value.

Because a portion - mid, majority..? - of the IPO is going to be dumped at the outset for a profit--it was the plan of several investors all along. Part of it is already being auctioned publically and privately as well. Hopefully will set a market price, but there's no guarantee. This is because the coin, despite being tied to a physical commodity, doesn't need to have a static or high value. It's merely a transport mechanism. It will still work at 1 satoshi, but you wouldn't want it that low.
So basically everybody is selling out even before the coins is out... That clearly sets a new record

1 gpuc at 1 satoshi means a gpu at roughly 50Millions gpuc... (with block of 20k that may take a while)