Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXE] Execoin - Fast | ASIC resistant | Multipool proof | KGW | no-premine
by
Doom4535
on 20/04/2014, 02:17:02 UTC
I think, perhaps, merchant support?  Cryptsy can theoretically provide plenty of volume right now, increasing the consumer base would probably be the best thing at the moment.
Cryptsy ?
https://www.cryptsy.com/markets/view/183

What exactly do you expect merchants to do with the coins they receive?  Tank the price to 0?

I mean that cryptsy is capable of scaling up easily (access to a large number of markets and many users (who often do lower the price of new arrivals because of the often large initial sell volume)).  I believe that we need more merchants to accept execoin to increase the number of 'average joes' involved (more people who don't necessarily mine, but rather use execoin like cash or a credit/debit card) for everyday purchases.  This will lead to larger buy volumes (we may have merchants selling to convert to cash; but if more people keep buying, that can be overcome).  I will admit this is a bit more of a long term goal.