I am not here to defend IE, I just care about XCloudCoin. What you posted is inaccurate. Before IE posted this morning CLD was 25,000 sat with no buy support. Sell pressure was 19 BTC and buy pressure was 6 BTC. Right after IE posted people removed their sell walls and the price started going up. 2 hour later CLD is 34,000 sat. Sell pressure is 9.6 BTC and buy pressure is 28 BTC. One post and tweet by IE and the entire thing flipped around.

darylluke you do not understand how POS works. Staking helps secure the network and keeps the blockchain moving. Having over 50% of the coin supply in one place is not safe at all.

MTGox, CryptoRush, and Mintpal were all hacked.