Quote from: dvdemecillo on June 22, 2014, 08:21:28 PM

Quote from: Jiggy0001 on June 22, 2014, 07:49:41 PM

every 24 hours 28800VTC are being created(correct me when i am wrong).

when you want to sustain a price at 0.0015 you will have to flood more than 40btc into the market to catch up with that inflation.

and you can be sure that miners are dropping their VTC directly to the exchanges.

are you a miner? are you mining vtc currently? how much is the power rate where you are at? i'm mining vtc currently. i'm paying 0.21 $/Kwh and so i'm mining at a loss. just like pretty much anyone mining vtc right now. that is, if we mine and dump as you claimed. but only a fool would do that and only a bigger fool would claim such.

the price is falling yet the difficulty remains pretty much the same. that tells you that miners are still hashing. we're mining for what's to come and not for daily profit because there is none to be had right now. you would know this if you are a miner. that ~6-7Ghs network hashrate is pure belief, faith in the coin. if that doesn't give you confidence then nothing can.

That's false. Even if I have been deadly with my inflation concerns, I'm still mining vertcoin as my electricity cost is 0.07$/kwh. VTC is still one of the most profitable coin to mine despite it's steady decline.

Contrary to the scrypt coin who are less profitable because of asics mainly and difficulty jumps, VTC is less profitable than it was because of it's high inflation.

And for those who think market cap is the same it's also totally false as Vertcoin had a 4M+ market cap 2 month ago with a BTC ~450$ USD, now it's barely 3M with a BTC of 600$. Vertcoin LOST a LOT. IF the BTC drops to 450$ again our market valuation is going to be 2.25 M!! About half what it was 2 months ago ~

Something HAS to be done or we won't stabilize :/