Quote from: ny2cafuse on August 05, 2014, 01:27:21 PM

Quote from: karlb187 on August 05, 2014, 03:16:26 AM

I seen the price around 2000 satoshi per POT on coin-swap today. Cool

You're seeing the selling price near that. The buyers are still locked below 1100, with mintpal going towards sub-1000.

I just want to go on record as saying this should be a lesson to the people that shouted for a halving because the coin was getting driven down in price. The price per block is now worse than before. I know the crypto world is down as a whole, but this is just silly. The lesson here is that laws of supply and demand, specifically supply, don't always apply to crypto the way you think they will.

Quote from: ny2cafuse on May 10, 2014, 10:23:17 PM

Quote from: PotCoin on May 10, 2014, 09:08:40 PM

Im sorry you feel that way but, we asked the community all over and all.networks and here and everyone feels that their are to many coins be mined daily and not enough use yet so the best solution is to halve the block reward.

Im sorry we cant please everyone

LOL... there aren't enough uses yet, so you're going to limit the amount of coins being generated. Why not push harder on finding uses for the coin? This seems completely backwards in thinking. Halving the reward will make the coin unprofitable until the price goes up to balance things out. The price won't go up until there are more uses for the coin and there is a higher demand for it. You are absolutely dense if you think this block halving is a good idea... especially if it's "because there aren't enough uses for the coin".

You say you asked the community... so where's the poll? Where is the community vote? Did some 2 week old account tell you "you should halve the reward so it'll go to the moonz!"? This is idiotic, at best.

Plenty of long time miners and supporters have already come forward and said this was a stupid idea. You failed to listen to the voice of reason in support of false profit.

-Fuse

-Fuse

POT was around 500 when they halved this coin I thought. Maybe im wrong.