Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [AC] Official Asia Coin Revival | Fix Released to Exchanges
by
joonmaas
on 08/05/2014, 11:37:05 UTC
Looking good guys, keep sending those ACs back in the wallets. The more in wallets, the less in markets meaning more price. And please try to improve on the english.
But the economy only spins when people are transacting with AC. Bring on the merchants?

Atm 99% BTC is held by 1% of the ppl while 0.5% own 99% of all Blackcoins hence their price. The more held will leave less to be bought increasing price and creating further demand which is what yall want. If 160mill of 170mill was held in wallets, you will see a similar boom as in the case of BC, BTC, Cinni.

Merchants will still work.

while mining AC at AC POW period I have tried to calculate balances of global AC hash rate and market dump every day.
most often it was 20GH for AC at the end dropped to 10GH
every day around 1200 BTC value of AC was mined  - at  0.06 BTC/MH
if short term speculation on AC market estimated as 75% of exchanges turnover ( this is rather low estimate as oil or gold market pure speculation is over 99% )
that signifies much less than 1/6 of mined AC was dumped on the market right away each day
and someone has accumulated large quantity of mined AC ?