Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [APEX] APEX Coin | X13 | PoW/PoS Hybrid
by
Stratobitz
on 02/08/2014, 17:24:05 UTC
I own some Apex and so wanted to comment on the current discussion.

First you can't blame someone from scooping up 51% of Apex at these low prices. There was no organized FUD campaign to get cheap coins, just an unreleased TOR. If a stock declined and one investor bought 51% no one would later complain. Through incompetence the devs have only themselves to blame for the price decline, no one else. If I had the btc I would have bought up this coin because of the flawless early development of this coin from POW to POS.

That said, before TOR release the devs seemed to have better communication and a plan. I for one want to see what exactly they are working on this week to make up for the TOR disaster. Therefore I suggest the dev release this week as planned. There is a suspicion that the dev has been scamming and there had been no development at all and the release will clear away this allegation. The Apex team billed themselves as adaptable to any environment hence the name 'APEX'. Well the changing market price of this coin should be something the dev team should be able to adapt to, including someone owning 51% of the coins. What I am asking is for the devs to actually deliver with actions on the words they have been delivering over the last few weeks.

It is my understanding - again - not the one heading this "plan" - but the group is "not asking".

With 51% (I believe greater); the coin being decentralized - no one "owns it"; a majority stake can provide a fork of it's own; and provide a road map for the future.

There are no alternatives. With 51% (perhaps greater) - the coin is held hostage. Meaning - at any moment if the community does not go along with it - the majority could collectively dump.

That is NOT the plan. I am just simply stating that the current group is not asking - they are acting. They are invested in this coin - and feel the current DEV Team is "reckless" with their money.

We are playing hardball and plan to see this coin succeed.

Strato