Quote from: sphere on June 13, 2014, 06:41:37 PM

Wow, nice to see some support

and I appreciate your comments.

I think the biggest problem was using SHA-256 rather than a GPU/CPU based algo. We where at a very low hash rate for the first few months. Like 4k diff for very long. It meant that individuals using ASICs could really hoard a lot of GLB. When people started discovering GLB and the price rose all those holding and having mined GLB unloaded on the buyers. This I believe contributed heavily to the huge GLB price fall. I still think this issue exists I mean look at the distribution graph, the top ten own nearly 50% of GLB, this excludes any taxes we have. Given the current distribution of coins I think any attempt by us to revive GLB will just result in individuals with ASICS dumping their GLB on buyers. This of-course would not have been a problem with an Quark , X11, Sha-3 algo , as the distribution of wealth I assume would be much wider. I know you miners on your cool ASICs will disagree but with this experience I think only established coins will survive with ASICS mining them.

In my opinion, every single coins out there (Bitcoins including) is at risk of having someone with great amount dumping it on the exchange, since there are lots of people who bought or mine them at cheaper price or at very low diff but most important thing is that what keeping them from NOT dumping all their coins, it is the believe in that particular coin.

I don't think having GLOBE with SHA-256 is anyway different than a GPU/CPU based algo. Since in every algo Quark, X11, Sha-3 there would always be someone or a group of people with great amount of power willing to go mine and 'hoard' a lot of coins anyway, but most important thing to remember is that most if not all of those miner in any algo will most likely only mine profitable coins, only in an exception of mining the coins they believed in.

Mining GLOBE nowadays would only give you profit at about half of mining Bitcoin. But yet people (including me) still mining GLOBE with believe.

To relaunch Globe, having miners and current holders of GLB to loose all their coins will not only kill the coin but also kill the believe.

Bitcoins and Litecoins are very successful just because people believe in them, but I since very long time, I am believe in Globe, and I hope you are too.