Post
Topic
Board Altcoin Discussion
Re: [ANN] RealCoin [A new e-commerce business platform][Release Date: Feb 10]
by
DeathAndTaxes
on 08/02/2012, 06:17:53 UTC
Also, we do NOT disapprove the creation of other exchanges around RLC. We want a competitive market because it is in the best interest of all.

Come on have you actually spent any time thinking this through.


Central agency will sell unlimited coins ONLY $100 ea.
Central agency will buy any sold coins for ONLY $100 ea.

What "competitive market" could exist?
Who would be stupid enough to pay > $100 when they could simply buy a coin from you for $100.
Likewise who would be stupid enough to sell for <$100 when they could simply sell a coin back to you for $100.

What purpose would external exchanges serve?  The same purpose the redundant and useless miners serve?