Quote from: affordableweb on September 22, 2014, 07:19:53 PM

It's good to see the fresh conversation on GUN and the continued support so many have. I bought GUN while it was listed on Bittrex and I got it listed on Bleutrade because I did not want to see my investment die off. I think we are hitting on some important topics. Both liquidity and the exchanges are vital to the long term success of GUN.

I see miners or the rise of powerful asics as less important because those miners will only mine a coin of value and at current prices GUN is not worth mining. I understand there is some concern over nefarious forces out to stop GUN for political reasons and I have even seen some very strange bidding on the exchanges but I dont think Guncoin has made enough noise to be any sort of threat of interest to any organized group. Even 2A opponents have better things to worry themselves than a struggling altcoin.

I believe that Guncoin will need to first be accepted by the crypto marketplace before it gains any value and is of interest to anyone who does not already understand Bitcoin or crypto currencies. I think talking to gun shops and show vendors about Guncoin is a wasted opportunity to talk to them about Bitcoin and crypto currency in general. Having a small local gunshop acccept Guncoin when they have nowhere to convert it to cash easily is a deal killer for a majority of the industry. Margins in the gun business are abysmal and cash flow is inmportatnt to any gun dealer. A gun shop would be better served to accept Bitcoin at this point and there is little incentive or reason to take GUN other than the novelty of its name.

I think we should focus on making Guncoin more accepted and valuable to the crypto marketplace first and foremost so that when we do have the opportunity to speak with new potential vendors there is something there to talk to them about. If changes are going to be made to Guncoin it needs to be changes that the crypto marketplace would want to see. The type of changes that will boost the exchange price and volume, increase liquidity, attract new miners and new exchanges like Cryptsy which offer conversion to USD.

I think without broader support and recognition by the crypto markets it will be far more difficult to attract new vendors willing to accept Guncoin. Volume on all exchanges has been weak and we risk being delisted again which at this point in development could be a fatal blow.

So whats the solution? Well, Guncoin is looked at as an old style coin with Scrypt PoW. It's been suggested we convert to x13/Neoscrypt and I think that is an excellent idea because it is a more efficient algo. PoS or Proof of Stake is very popular as well and would certainly do something for the coins value. I think the biggest thing we could do was adopt some form of coin mixer or anonymity but that would require a dedicated development team which this coin lacks.

Is there a development fund so people can support the coins development?

The DEV has a guncoin donation address on his posts, although seriously gun donations are pretty much useless besides a feel good measure. He can only hold them or sell at a low market rate, at several thousand guncoin to a USD, that's not much. Especially since programmers that take coin for payment want BTC. Perhaps a BTC donation address addition is in order?

One of the original dev's sticking points was keeping the Scrypt/POW, and non-anonymizing it has, to offer the coin legitimacy by not appealing to people that would want to use it anonymously for nefarious purposes. I understand the reasoning behind that, but, the coin didn't explode on it's name alone like the original dev expected it to, so at this point with all the other coins offering anonymity I don't really feel as that's much of a sticking point anymore.

We do have to keep our noses clean to a certain extent though, as the simple name and wrath it can bring from a certain segment of the population, can still cause issues in coin success at this point. A friend of mine regularly complains that he's one flat tire away from bankruptcy. That's similar to the situation we have here, very weak, and nothing buy a handful of users supporting it. One good hiccup, and guncoin goes belly up.

But, we've got a fairly dedicated group, and the group is slowly expanding. At some point, a critical mass will be hit, that day I will be very happy as I've made this coin's success sort of a personal crusade.

I also stand to profit, but realistically don't expect to do much more than break even.