Quote from: jeffminer on April 07, 2014, 12:38:25 PM

Quote from: platorin on April 07, 2014, 10:46:42 AM

Quote from: johnies on April 07, 2014, 10:39:30 AM

Quote from: WALKEN-COIN on April 07, 2014, 10:35:14 AM

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?

No, there are too few people around the project and too many coins around. It will take years to stabilize the price around the value which could have been achived if the block reward weren't messed up. Moreover there is no certainty it will ever happen. All that could have been done for the charity with the stable, progresive value increase will be lost if devs decide to leave 450.000.000 coins on the market. Not mentioning the lost trust.