Post
Topic
Board Altcoin Discussion
Re: Darkcoin airdrop to fix first 24 hours?
by
oblox
on 07/04/2014, 05:25:12 UTC
I can't believe this is even suggested. Increasing the supply even more would depress the price. As someone with 5 figures that I purchased over the past couple weeks, I'm certainly against it. Perhaps this is why the exchange rates took a hit, especially on Cryptsy... Going to agree with Simcom here and if by chance this moves forward, I'm out. I would want nothing to due with this coin because the dynamics have changed. The instamine sucks, but it's part of what it is. I invested in this coin because of the future of privacy/anonymity and found out afterward about the instamine but it still made the coin attractive even with that. Makes absolutely no sense to essentially double supply again for a purpose that this clearly won't address. If you think you are going to increase marketcap, think again. You'd essentially be diluting the pool. Sure, you would get new money from some of the users wanting to get access to part of the drop, but ultimately, you'd be diluting everyone. Try this on any major stock exchange and the price would effectively halve if you doubled the outstanding shares. So net net, instead of it being a coin at .64 USD, it'd be .32.