Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
vesperwillow
on 12/05/2014, 14:30:35 UTC
Dude, I'm not even mining the coin. I haven't mined it for quite a long, long time. I have some I've been holding because I believe in it. I've been hoping to see POS systems and more ATMs, and more importantly, merchants! Where are the merchants!

Whether or not it's totally  mined out, does that matter? At some point you'll be mined out entirely anyhow. What keeps it going is usage and the value people place into it. Cryptocurrency always has to be used to be worth anything, otherwise you're burning electricity to see decimal points move around.

I *am* looking long term. The decisions being made here are not good long term decisions. I've examined market price from day one, and the averages just keep slipping down, especially since the near-failed 4/20 day (IMO).

They said merchants were on the ground using it, with more lined up to get started, and that ATMs were popping up. Nope. None of this has occured, and as some other long term potcoin proponents pointed out on some alternate blogs, it appears they're still trying to get this stuff going. Denver, IMO, was a failure, which is one of the reasons there wasn't a lot of positive news from it. We were promised tons of news and great announcements from Denver.

Nothing big like that occured. There's supposedly 1 ATM on the ground, with possibly 1 merchant almost ready to sign a deal for one more system. That's not exactly progress, not like we were promised. This is why faith is being lost. This coin, up until 4/20, remained one of the most stable coins for value on all the markets, even when bitcoin was going down and other coins were dying. The long averages held. Even when multipools nailed us, the value and network held--what other coin can say that?

Now, it's not. Faith is fluttering. It's because the business side isn't coming online like was supposed to have occured. And announcements like this from the team makes things worse.