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Board Service Discussion
Re: GAW Zen Hashlet Hashcoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
dyask
on 18/11/2014, 07:00:21 UTC
The white paper tends to read as though the large investors will have a good holding in the stake of the coin, and GAW will compete for this holding themselves.  A lot about the coin does NOT appeal to miners, despite them being such a miner centric company, but I feel the underlying reason is that he is targeting merchants more than miners, because mass adoption requires so much effort in negotiating with large companies that are usually fairly immobile in their stance on trade, and like the relative immutability of fiat.

I like the idea, and I think it is a step forward, so I tossed a few coin at it.  After going through the end of the last thread and all the pages here, I'd like to pitch into the discussion if I may, and I'm certainly not leaning as eagerly toward GAW as I did before, but objectively, my opinion is that this thing will probably be around for a while, and be (relatively) successful.  I don't think it will be worth more than bitcoin like some at HT say ... not by a long shot, but I think it is a bold approach to getting a not so new concept to actually be accepted by larger numbers of people who don't really know about mining.

Can you (or anyone else) expand more on why you believe in this coin?

Why would an investor (Say someone who bought $1m worth of hashcoin at $2/coin) not want to and immediately dump it on the market at $20/coin for 1000% ROI? Why risk holding?

I'm having a hard time understanding what features give this coin any value other than the promise that it will be worth more some day. (due to marketing/infrastructure/etc)

There could easily be a contract in place that limits when they can sell.   If the dump they would then be in beach of the contract.   This kind of contract is common in business.   Something like you can buy at $2/coin but you can't sell for at least 180 days.     This is just speculation but I would be surprised if something like that existed.