The coin is not dead, it will just attract new miners as the price rises, assuming the dev team continues development.
It can't go much lower than 3-6 sats, right?
It can't go lower, but after block 8000 when people are getting 1000 coins a day no one is going to mine anything which is only worth 3000 - 6000 satoshi per day.
True. Everyone saying this situation might bring us some good in a future has absolutley no idea what 450 mil coins put into circulation in just ONE DAY mean for the coin, project, economy and the people who support it. There is a clear difference between steady grow and big inflation with shitload of worthless coins.
The only solution is to fork at 7000 and reverse a blockchain. I'd rather loose some pissed of miners who mined millions of coins during those 24 hours period, then people who have been with CWC from the begining.
I personally won't support it if blocks between 7000-8000 become valid. I just don't see the point and future for CWC then.
It means the price will (in the short term) hit rock bottom. But its better than loss of confidence with a reset. Plus, to sell those coins someone obviously has to buy them, and the new buyers are more likely to hold for the POS, meaning the price will go up from there right?