Update on river rock
Our Colorado Ambassador Russel thomas is going to be meeting john the ceo on tuesday at the dispensary to discuss where the ATM will go and how we will secure it - we will also be placing our big pop potcoin banners next to the atm.
We hope to have the first ATM at the main river rock location by the end of next week, we will should no tho by Wednesday.
We are very excited about this and we will be doing A formal press release in conjunction with river rock medical and combine forces to do a good social media push together.
We have been also getting lots of people filling out of merchant on the website and we look forward to getting them accepting potcoins and getting them listed on smokepotcoins and potcoinme
Don't you think its quite important to stabilize the exchange rate if you want to exchange fiat for POT at your ATMs?
And provide some liquidity in a certain price range?
I think the price has been incredibly stable of late. Only minor fluctuations Between 800 and 1000 satoshi. Maybe you just don't think its high enough?
There is only marginal volume and interest in the coin.
With a couple of 100 BTC you could manipulate the exchange rate to your liking in minutes.
This is a bad foundation for a currency in general.
Without any intervention I only see it declining further, due to the crazy amount of coins already available, and the amount of coins mined daily.
As I mentioned before, I think sticking to Scrypt was a major mistake... but there seems to be a private internal interest in doing so, what to say.
This coin is directed at a pretty niche market. I think you can expect volume to be lower simply because fewer people are using the coin.
As for intervention...I'm not of the belief we should intervene in a free market. The price is what it is. Changing the algorithm was not going to do much, but halving the coin certainly will. You can expect a spike in volume and price right before the halving.