Quote from: HunterMinerCrafter on June 04, 2014, 10:15:25 PM

Quote from: greco on June 04, 2014, 09:10:19 PM

Botting has/will ruined/ruin this coin completely. Now that the value has dropped so much the incentive for humans to "mine" has dropped greatly leaving a majority of botters.

It should be noted that it was a knee-jerk reactionary decision of a human which tanked the price. The human was behaving rationally, based on the (bad/incorrect) information that he had at the moment. Any good trading bot wouldn't have acted until it could confirm what it was seeing as "real" and then would've systematically sold quietly and subtly so as not to affect market sensitivities. Instead this human freaked out and dumped a load of coins, and then the trading bots did their (now entirely rational) thing and dumped their coins, and then a bunch of other humans freaked out and dumped their coins, and now we have 0.000004BTC/MOTO....

The rest of us botters were happily trading our coins without tanking the market... don't blame a whole group of people for one person's (entirely understandable) honest mistake.

Quote

Since botters are essentially getting it for free they can cash out and be in profit at anytime. I'm sure they'll race to do so, to "secure profits".

WHOA NOW, our seigniorage is not infinite or we'd all have become world leaders today with our infy moto-monies. This simply isn't how things work. We *do* have costs... the energy costs (dollar for dollar) might be drastically lower than, for example, mining BTC, but I am still burning some (slowly increasing, heh) electricity... I still have to maintain computers, pay for internet, keep them housed somewhere, etc. Not to mention my own direct opportunity costs (I certainly could've made more money by spending the time I used to code my bots on coding for my clients) and indirect opportunity costs (by using these CPUs to mine moto I can't use them as servers for hosting, for example) and so on and so on. Let's not be disillusioned, we are not making "loads of free money" here. (BTW from what I can tell I am actually making far less than the other botters because I throttle my blocks, and they don't seem to be doing so.) We cannot scale indefinitely for free. In fact, with each block that passes our expectation diminishes - which is entirely how a cryptocoin is "supposed to work" so this is actually good news! Cheesy

Quote

I regret spending any time on this coin altogether now- really a bummer to see it going into death throws so early.

Funny, it seems to me like (despite the (hopefully temporary) price setback) this coin is more alive than ever. For days I watched it go unnoticed and unmentioned everywhere... but today people sure are talking about it!

Does hehe means you are a chinese? Good english btw.