Quote from: phaddie on March 17, 2014, 11:47:24 PM

Quote from: kache on March 17, 2014, 11:44:01 PM

Quote from: phaddie on March 17, 2014, 11:41:30 PM

I hope someone with deep pockets can pump up the price just before the store opens so that the store is not pricing on the 20 sats this coins is selling for now.

If that happens there will be no incentive for the price to raise because it will not be a discount to be had.

Thoughts?

Well, dev can easily push the price of the coin up by simply forcing the price conversion (like 50 satoshi, or 100 satoshi) instead of following market value.
That was the whole point of having the store in the first place, wasn't it?

IT makes sense but I remember reading somewhere that he was going to price the GPUs are current value. If he prices for 50 or 100 sats there is a risk that he will not be able to sell them for that once the units are sold. I honestly am not convinced this idea will work. Or maybe I am just getting impatient

Phad

Wrong. He is pricing the GPUs based on the market rate against USD. The incentive for pumping it is with the miners/IPO investors and traders who got it to bid it up in order to get the GPU for less. I've got 600k so far. These difficulty rates won't last forever. Get em cheap while you can.