Quote from: plasmak on October 31, 2014, 04:43:57 PM

Not trying to bash Blocknet, but greed really took over the altcoin world.

I own a crapload of SSD and XST (enough to crash both markets if i sell all at once) but i currently see no benefit of posting this ICO at 25k satoshis. I know that the price was based on the market cap of all the blocknet affiliated coins, but realize that the altcoin market is not that big (despite the inflated market caps of all the coins) and I am sure by holding 1000 bitcoins hostage for the benefit of the "development", it detracts from development of other good altcoins and the blocknet affiliated coins.

I am not rich in any way but I can buy enough ICO coins and sell a portion at lower price just to get more coins if i wanted to as people panic sell - everyone who's interested in this coin already bought, and there is massive sell pressure. If i sell just 10-20 BTC worth of ICO coins to start a panic sell when the trading assumes, it can easily destroy a coin. If I am capable of doing that, I am sure many of you guys are too.

It'd be nice if devs either started the ICO at a lower price or if they guaranteed that some of the ICO funds are used for a buy wall.

I agree with just the last sentence of your post, "or if they guaranteed that some of the ICO funds are used for a buy wall. ". Having a buy wall for the major coins in Blocknet would be a good idea.