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Board Announcements (Altcoins)
Re: [ANN][TAC] TalkCoin | First Anonymous Chat | First NIST5 | Vote/No Premine
by
sdersdf2
on 02/07/2014, 10:09:28 UTC
Considering investment in this coin, but could anyone briefly explain what's going on with the price - why has it sunk so low?

It was never really 'high' per se in the first place.

If you look at chart, there was a 'pump' a few days ago. That pump was accidental by an investor (look back to forum post) which led to the price hovering high for a bit.

The community also sought to lower the block reward and miners left, probably dumping while they were walking out.

We are looking to increase the block reward again (perhaps) to encourage miners ago.

I confirm, the low reward is the main problem ! The next vote will be in 22 hours.


For those of us not up on miner tech/jargon, could you explain why miners have to be incentivised to mine more - doesnt that mean more dumping down the road? How does that help the coin?