Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
peels
on 23/08/2014, 16:00:29 UTC
What people don't seem to see in this coin is that it is a MARKET PLACE. Along with certs and data storage and other things that will come out in the future.

These things have FEES.

Also MARKET PLACE.

The last thing you want is the price getting pumped and dumped over and over as people are trying to buy and sell things and use the services.

One day you don't want to buy some SYS and the next day have it be worth 50% less and then you can't buy things on the market place.

You also don't want it to get pumped and then have the fees be really high and no one uses it so they change the fees then the price gets dumped and then they have to change the fees again.

It's best for this coin to find a price point and then build walls on both sides around it so the price doesn't move much. Miners can dump a little from the fees they get from people using the services and other people can buy in from the dumps.

Maybe in the future this coin will be so awesome that there will be much demand and the price goes up and the fees will have to be adjusted.

Right now this coin is in price discovery.

I think the syscoin team is doing a good job in trying to manage everything. People don't want to pump the price up and then there will be buy walls to support the current price. Then people can happily use the services.