Quote from: ebliever on July 17, 2014, 03:23:11 AM

Quote from: coinlighter on July 17, 2014, 02:32:18 AM

The reason, I'm still buying at this prices, is extremely low POS reward (inflation), even though it was an accident Grin

, and of course the developer (piggycoin)

.Just now someone dumped 1.5m coins into my orders at poloniex.

Heheh, actually that was me (was in a rush to raise funds for a Reddcoin arbitrage/pump). Don't worry, I'll be buying back in myself. Wink

I hate to sound like a broken record, but getting the online piggybank working should be a priority. Hard to speak highly of a coin when its website is broken in a key function. Then, develop the banking function so parents can use it to easily and conveniently pay kids for doing chores, getting good grades and so forth. Getting families actually using it will be a big step forward, as will developing educational programs that use it in schools.

Broken POS is not a good feature or anything like it. Basically all it means is that the coin was so hastily coded that one of the primary aspects of the currency doesn't work right, and what's more it still hasn't been fixed (even though it's been a known problem for more than a month now). Why does this matter? Well, if there's no intrinsic reward for holding PIGGY (e.g. you don't actually get any noteworthy increase in holdings due to staking), the only thing that can possibly drive the price up is people wanting in. But why would they want in on a coin where the 15% PoS is broken -- e.g. if PoS interest is broken, what else might break?

All the people talking about how the community needs to not let this coin die... well, all that's doing is asking for someone else to pump the coin. And we all know what follows the pumping: the dumping.

As others have said, make the coin actually stand out from the other alt-coins and you will have something potentially worth holding. There are over 400 alt-coins these days, and many have all of the features of PIGGY plus additional features that PIGGY is lacking. Saying a coin is an educational coin is not the same as creating an educational coin.

Of course, the only education you're actually likely to get from cryptocurrencies is how speculative investments work, what it means when a coin gets pumped, and how it feels to be a bag holder. You can go do that with literally every cryptocurrency, of course: just go by a bunch of the latest flavor of the week (ViaCoin or ConcealCoin, maybe?) and watch how long it takes for a $1000 investment to turn into $100!