Quote from: aat on October 16, 2014, 12:13:33 PM

Quote from: sheepman on October 14, 2014, 09:49:23 AM

Quote from: chiguireitor on October 13, 2014, 02:21:17 PM

Quote from: bolvan on October 13, 2014, 01:06:54 PM

With current price of 30 (lets say 100) sat mining with diff 2000 would be worthless for miners. Additional benefit of mining not just myriad but myriad+skc would be 1 cent per day. Even doesn't worth the time spent on changing configs. If the price for some mystic reason rises enough then we expect dump of 1 year premine - up to 8 mln SKC.

Price is irrelevant until SKC has utility
Diff is high when you have a secure network, this is priority #1 for any altcoin
"Additional benefit of mining not just myriad but myriad+skc" is not some arbitrary price on a given fiat currency, is just the network security
This coin doesn't has a premine, dunno understand your reasoning on that respect. I know who has almost 10% of the currency and he won't dump

Just to add.. surely you can't have utility without having the coin worth anything? Its a bit chicken and egg...

Well, they are worth something, and at least as long as they stay on a trustworthy exchange they'll continue to be worth something. They're not going to go below one satoshi so long as nothing is broken and they are on a trustworthy exchange. Should I put in a buy order for 17 million @ 1 satoshi to prove that?

As for the chicken and egg thing, I think you've got it backwards. If I could pick up a few million SKC for 2 satoshi each, I'd be *more* likely to work on a project to improve its utility, not less.

Guess that depends on perspective... for the general masses it needs to have some value before they will bother spending any time on it. Theres plenty of coins that are worth more so why not focus your time on them?