Quote from: OmarGsPools on June 05, 2014, 06:12:56 PM

I can understand why investors, especially the early investors, are unhappy as they've seen their investment continue to plummet. My stance on the modification of the block reward and POS implementation is that it should only be done as an absolute last resort. While it may fix the current fall in value, what happens later? We repeat the same thing again? The modification doesn't add anything to the coin other than artificially inflate the value. I can see why Joerii is against it also as it would heavily benefit any current holders of HIRO and make their current share a large percentage of the total supply of HIRO which is against the decentralization concept of cryptocurrencies.

Regarding the HiroPool, I've added an x13 port which should prove to be even more profitable than the x11 port. The previous issues with the x11 port profitability have been solved and we've paid out 200% more HIRO than if mining directly.
576,000

A little interesting market tidbit is that at the current block reward of 400 HIRO and 60s block time, we produce 24000 HIRO an hour and 576,000 HIRO a day. At the current price of roughly 150 satoshi we require only 0.864BTC to buy ALL HIRO produced daily. It really shouldn't take much to get us going in the right direction and this shows that unless multipools are responsible for dumping all HIRO produced daily they aren't of concern.

The problem is the market is flooded with coins.There's great supply but absolutely no demand(No one wants to buy from the left side, they just put up buy order at lower price and waiting the dump.

In 3 month there will be 2 times more coins then it is now, what will happen to the price then if it now 130sat ?, even if demand will increase I doubt that we can pass 1000 sat again with this specs.

I, for one, would have never bought at 1000 or even at 500 sat if I knew that there will be 670m coins(It's my fault I know), how innovative the coin is.
Can anyone name a coin with this specs and the price held over 2 month above 100sat except of course Hirocoin?
The true price for this coin is no more then 80sat at this specs, in my humble opinion.
The price may stabilize when it will be no longer profitable for multipools to mine and dump, but when that time comes I think it will be to late to recover the price.

Regards

Quote from: equalizer on June 05, 2014, 06:40:34 PM

Quote from: OmarGsPools on June 05, 2014, 06:12:56 PM

I can understand why investors, especially the early investors, are unhappy as they've seen their investment continue to plummet. My stance on the modification of the block reward and POS implementation is that it should only be done as an absolute last resort. While it may fix the current fall in value, what happens later? We repeat the same thing again? The modification doesn't add anything to the coin other than artificially inflate the value. I can see why Joerii is against it also as it would heavily benefit any current holders of HIRO and make their current share a large percentage of the total supply of HIRO which is against the decentralization concept of cryptocurrencies.

Regarding the HiroPool, I've added an x13 port which should prove to be even more profitable than the x11 port. The previous issues with the x11 port profitability have been solved and we've paid out 200% more HIRO than if mining directly.
576,000

A little interesting market tidbit is that at the current block reward of 400 HIRO and 60s block time, we produce 24000 HIRO an hour and 576,000 HIRO a day. At the current price of roughly 150 satoshi we require only 0.864BTC to buy ALL HIRO produced daily. It really shouldn't take much to get us going in the right direction and this shows that unless multipools are responsible for dumping all HIRO produced daily they aren't of concern.

Thanks for your response, Omar. If there was a permanent sure fix to the current landscape, I'm sure you guys would have put it in place yesterday. Every idea has its upside and downside, but the point is that staying the course ain't working. I think we can all agree on that one fact, even if we don't agree on what the next steps should be.

Are you open to the community voting on how the coin should move forward? Given your team's willingness to be open and transparent, why not invite all Hirocoin investors, both young and old, to come together as one, and decide as a group what happens next? This is the community's coin, isn't it?

I second that. Let the community decide (Of course if it is the community's coin).