Quote from: fayoling on November 14, 2014, 10:17:14 PM

Quote from: cammo12 on November 14, 2014, 09:40:02 AM

What is the point of putting a buy wall at 10sats? What is the objective? Again - what development is currently going on (if any)?

There are developments happening, Thank you Spock for re-posting my latest update.

The 10SATs was just a number used in the examples. The buy wall is new and relies on people using the systems. It will begin at 1 SAT, it is not a short term plan to push the price up, it is a longterm plan to support the coin. Our poker system in it's first couple weeks made over 1,000,000 PINK in rake. Had the buy wall been in place at that time, poker alone would've been adding a Bitcoin or more to the wall a week.

In other words, the buy wall at 1 SATs will forever climb the buy books. The more people using Pinkcoin, the higher the buy wall can climb.

tl:dr;
Use the tools we create, and the value of the coin will be supported.

Quote from: Pinker on November 18, 2014, 03:16:19 PM

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And I am not sure I get that thing about the buy wall, I mean, since you collect funds in PINK, you would have to sell PINK first to get BTC to be able to buy (or just create a wall) PINK again, isn't that so? Of course, if you sell high, you can buy more PINK lower, but common, where does the PINK benefit from it. I don't think that it would hurt either, but I guess those PINK could be of better use somewhere else (IE bounties).

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Hello Fayoling, or just someone from the team, could you please respond to the part of my post above?