Altcoins don't have the luxury of bitcoin. Not even litecoin has it (next year it'll produce another 10mn coins over the existing 29mn - requiring >100mn USD to buy these, so its price has only one way to go... DOWN)... In effect steady minting of coins leads to dead coins due to inflation.
People can't afford to have a coin that goes like 1mn coin this year, 2mn next year, 3mn the year after etc etc. It's guaranteed suicide in terms of investment. Especially in the first months, inflation can be like 2-3% per day, requiring hundreds of BTCs to keep prices steady.
Uh, yea when the coin has no real value to folks and is just a speculative bubble or a speculative hedge... thats what happens.
Not my cup of tea at least. As I've said, I normally leave the altcoin stuff alone
except for the rare novel idea, or someone pulling me in for an opinion in one way or another.
gmaxwell's other "contact info"
Other contact info:
BCN: 23Q8iWbZUtaRdvmpqzoHJy4NwFsRrEqywhjwfbiUqTtqBAHxCNzdctbHZjf1AZKtTkAjgKmhYgkqBU9
T4BEfAgBqKsdS9vi
MRO: 43pCtCRUn6nRdvmpqzoHJy4NwFsRrEqywhjwfbiUqTtqBAHxCNzdctbHZjf1AZKtTkAjgKmhYgkqBU9
T4BEfAgBqKwK21M7
FTM: 6n34ruJrxPU65QLYC3tcAaK8rPGYZrZpD38rJZAwsgjjHGMwSbH8B8MKDwmaG9sPAXT8fwhmRs3PXBq
S4y9Ab4UuSKtADUD
And you judge the altcoin space as "incredibly sleazy"?
Keep the noise down drk shill. I want drk back up to peak .... you guys defending the scam are bumping these threads and i'll never get to sell at the price i want for my nice bunch of drk scam coins.
The drk shills are all over other coins claiming scam, picking holes. Stick to your own thread and perhaps the price will go up again. There have been around 20 threads highlighting the pow distribution was a turkey shoot for drk devs and pals. They are mostly bumped by dark shills justifying or denying it happened.
Remain quiet and perhaps people will tire of this scam and find other new scams that can actually be stopped before they grow out of hand.
DRK dev is pretty good at what he does, if he had the entire 2m for himself it would not be so bad as you bunch of greedy slags that got a a bunch for next to nothing by mining when windows miners could not or you scooped up some early sells. I totally changed my mind about evans when he offered in public to do the airdrop. He would have gone for it since he is way smarter than the rest of the drk community. He knows this would have smoothed over the start and allowed the coins to gain a much wider support base.
The start was TERRIBLE so just shut up accept it and these threads will probably die out as more and more scams seem to pop up daily. The focus will eventually shift away from dark if this crap does not rage on forever.
There is no debate, the coin should have been restarted seeing there was no windows wallet and the diff stuck on super instamine settings for hours. However the tempation was too great to keep the coins. We get it. Let's just not let future devs think they can do this kind of stuff.
Ahee, thanks for this info, I remember being complete newbie with only windows on hand, very disappointed about the linux only. I missed a linux-only test giveaway of 1000 drk coins, would have been nice to have them now.