lol investors in this are fucked, No way will they see a return on their BTC.
I have about half my BTC back...and I haven't really tried or put any pressure on the price. I've barely been on the excahnge
There was never going to be enough buy support.
No one knows the future, and no one knew what would happen in advance. It was a small investment, and ona risk reward basis worth a go. I'd do the same again, no problems. The thing with alt coins is that when coins get criticsied it often presents great opportunity. I've done very well buying coins that others "bagged".
Frankly it doesn't matter if the dev is Australian or not, this coin was fucked from the get go. Doesn't offer anything, No way to attract miners, No airdrop, No way to attract merchants, terrible logo and now a bad reputation.
It's early days , and we don't know the future.
All crypto coins are an experiment, and this is another one. the amount raised in the IPO is very small (or it was when I last looked and I may have missed the final numbers).
I could knock out a better coin in 48 hours and start an airdrop next week using AEC (Australian Electoral Commission).
Why not knock one out if you have a good idea? That's part of the beauty of crypto coins. Anyone can get involved. Many people can experiment and try their ideas out. Small people are experimenting and probably some of the ideas that come out will last and be beneficial for many.