Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SHARE]ShareCoin - Pure POS - MultiPool - Official exchange launched
by
alexminer
on 10/05/2014, 17:57:18 UTC
Multipool part should be of great importance , because that is where BTC should flood and raise (in best case scenario) price of sharecoin or any POS coin. When I look at
20Mh/s multipool I don't see how that can influence pricing for sharecoins upwards, there is simply not enough volume for it. Now put yourself in shoes of a guy who stumbled upon sharecoin website and decides if he/she should support the coin (by mining other coins and dumping them for sharecoin, by creating bussiness that can generate revenue in sharecoins, by advertising or anything or other means ).  
99% of ppl who decide to "support" coin are miners (and not ppl who call others idiots). So what do I see? 20Mh/s? That doesn't feel like winning combination to me.
Why developers not looking into creating best possible scenario for potential miners(supporters) of their coin? Instead they are busy placing new coins on Sharex. (redflag for coin, green flag for sharex).
Why 1 day ago they pretty much dumped all mined in multipool coins at 400? Why??? (I actually was watching market at that time and sold THEM for 400 instead of 300 and something that I had a few minutes before they declared to the whole world that they are gonna dump for 400, so I had a few minutes to remove my sell order below that price, wait when their 400 order appeared on market, watch how quickly it started to evaporate, sold to them my shares)
Thoughtful (again about fate of their currency) developer would create a bot which would scalp on both sides of spread creating and adding positive pressure on price of the coin and of course NEVER declare about at how much they are about to buy back their coins using OUR money (multipool is us - miners). Again -  huge red flag for coin, still green for sharex.
i can go on but these examples are big enough for me to actually make a decision that sharecoin is just a stopgap for developers between unknown entity to the owners of exchange of cryptocurrency.
But if they were a bit smarter, they should understand that without successful coin their sharex bussiness will fade into obscurity.