Quote from: PndaSanta on May 22, 2014, 11:25:23 AM

Quote from: halinyo on May 22, 2014, 10:42:41 AM

Guys, can someone summarise this PND coin jump ? Why PND jump from 4-10 litoshi to over 100 litoshi ? Please summarise it in short way. Thank you.

going to be hard to summarize it, as there was heaps and heaps of factors that contributed to it. mainly dev team. but ill try my best to be succinct.

the dev team expanded from 2 to 7 ppl around a month and half ago, and things started happening:

- pandacoin pnd is now the fairest pos coin with 95 days of pow, which is unprecedented in the alt-currency market with no fast/pre/insta-mines or ipo. more and more people are starting to realize that. read the following investigations of many other famous and popular pos coins and why they are dangerous investments - www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

- since PND-Chinese joined the dev team (he is living in china, and is a chinese national), the chinese community is growing steadily and has grown the pnd weibo and qq chinese irc channel to 160 and 270 users respectively

- pandacoin pnd made mintpal history by being the first coin being delisted from btc markets and being deregulated to the ltc markets, only to have their btc markets relisted

- the dev team shown unprecedented persistence and dedication by never giving up on the coin even when it was trading below 5 litoshi (omg cheap lol wtfbbq) and maintained a daily presence in the thread and irc channel, always communicating with the community and answering questions. today/yesterday and them handling the issues with constant presence was the perfect example of their activity

- dev team released their vision for their coin - targeting Eastern markets, Western markets and the internet, with aims to be the gateway crypto-currency for the masses. this coin has the marketing right for many markets, and PND-Chinese already shown us the increasing popularity of it by the growing chinese community.

- pandacoin pnd has shown that it can evolve and keep up with technological changes so it remains relevant with the ever changing world of crypto (cough doge cough scrypt cough asics cough palmer)

- most interesting coin in terms of how it was birthed and created. it was created by a community initially to stop scammers and scumbags that manipulate the market. later it rebranded and kept it's 'anti scam coin' philosophy, by doing campaigns like "reimbursing asiacoin bagholders". many coins claim to be 'fair', 'honest' and 'anti-scam', but really, what have they done to show for it? did they defeat and screw with one of the most famous alt coin scammers in history? those coins are nothing but marketing fluff, when they say they are 'anti-scam'.

- pandacoin is one of the few coins with a high coin cap so that it could function as a currency -

Quote from: Joesixpack9000 on May 18, 2014, 02:07:09 AM

Quote from: Unluckyduck on May 18, 2014, 01:44:16 AM

I like the name but I'm getting sick of coins with ridiculous max amounts (over 10B)

It is these coins with a "ridiculous max amounts" that actually have serious plans to be widely used as a form of currency in the future, instead of being another 'alt-commodity' like bitcoin. Just think of most fiat currencies and see how much of it is in circulation. You don't see only 21 million USD being circulated and used worldwide do you?

I wonder if people later on when crypto is more mainstream and accepted by the majority of the populatoin, if they would psychologically prefer to pay 0.000309 of X cryptocurrency or 1.29 of Y cryptocurrency for a can of coke, or get paid a weekly wage of .309 of X cryptocurrency or 1290 of Y cryptocurrency.

Think about the above for a second, and have a read of the dev's official vision statement of the direction that they want to take the coin. Pandacoin (PND) has the fundamentals to be a serious contender to be THE gateway crypto for the internet, over in SE Asia, and even large parts of the Western market.

Think of what we're seeing now in the current alt-coin space as a dot-com bubble similar to what happened in the late 1990's. When the bubble crashes, the survivors will become the equivalent of the Googles, Ebays and Amazons of the future alt-coin space.

I personally predict that much of the coins that DO NOT have a 'ridiculous max amounts' will die off during the equivalent of the next 'alt-coin' crash. When you have a small coin cap, the coin is automatically grouped with Bitcoin. Most simply can not replace bitcoin, which have the first movers advantage, adoption and is still having infrastructure added towards their ecosystem.

Long story short - If a coin does not have a high coin cap, they are not a serious contender to be used as a form of currency at all, and shall die off in the next alt-coin crash, similar to the dot.com crash of the late 1990's. Pandacoin PND has all the fundamentals to be one of the survivors of that inevitable alt-coin crash, and has the inherent qualities which could make it function as a unit of exchange (definition of a currency) in the future.

Bit lengthy but can't be helped. There's quite a bit of good things going for Pandacoin PND. Might be a good idea if someone can create an infographic summary for the above.