Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
vertcoin devs are stupid as fuck. This coin was already instamined over 600k coins. They need to change the fucking block reward, it was already instamined, if they dont change it, this coin is Dead.
No one is going to listen to you with a mere sentence and no information to back your claim.
Alright, I'll let the continual downfall in price back up my claim. It's price fell more than 70% in 1 week, is that good enough for you?
Wanna know why it's price keeps falling, even with all the nice features added to vertcoin? Because too many vertcoin are being minted each day, like over 20,000 vtc's are mined each day....There's HUGE HUGE inflation with Vertcoin, and all those mined vertcoins are being DUMPED on the exchanges. The price will always continue to fall until Vertocoin reaches 1 satoshi(1/100 of a cent) per coin.
That's why, the devs need to change the block reward, make it so only around say, 2,000 vertcoin, are mined each day. If the devs dont do that, say goodbye to Vertcoin.
Well, if you think the vtc devs - me including are "stupid as fuck", you should also sell your xmr..
I myself have already stated the emission should be changed, it has to be smooth in my opinion, a regular decrease in the blockreward system and not only every 4 years.
So far a lot of people dont want it, so we cant do much about it.
I actually hold Way more vertcoin that I bought because its cheaper than the rest and can go up because of stealth addresses(183) than XMR. My total amount of XMR is under 30, because I got in very late to buying and if I were to sell my vertcoin or Darkcoin to buy xmr, id be selling it at a a pretty big loss.... I also hold 210 Darkcoin(which I bought a little while back), and is the most of any alt-coin I have.
Vertcoins price will plummet to 10 cents and below, until it becomes worthless. I've seen almost, or probably more than a dozen posts about people wanting the block reward.
If the block reward isnt changed, vertcoin will die off, even the stealth address addon only doubled the price for like a day or so before it dropped 20%, if the block reward was lower, then that announcement would of more than tripled vertcoin's price. The continuous downfall in price is because there are too many vertcoins being mined....and dumped. If less vertcoins were being mined each day, then the price will go up Drastically. Do something about the block reward(do what darkcoin did) or this coin is Dead.
PS: I didnt know you were apart of the Vertcoin dev team, I am truly sorry for that hideous comment I made!