Quote from: palawan on November 29, 2014, 01:12:57 AM

Quote from: prophetx on November 28, 2014, 10:56:25 PM

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However if you all want XCP to wind up like every other crapcoin, continue to do as everyone else does and don't bother innovating, keep telling yourself it's an open source project and this is just the way things are done...

I'm one of the new guys. I started buying when it was below .01 It dipped to .007 and lower and I was in the process of raising more BTC so I can purchase more XCP's. By the time I raised more BTC It was again .009 and on the way to breaking .01. Kept buying as I got more BTC. Kept buying more on the way up to .02 and some of my buys are above .02 and purchased some the past 2 days. I keep buying until I get to my desired amount and then I'll hodl.

Please don't feel bad for me if I bought XCP for higher than the current price. Each investor/speculator is responsible for their own actions. I purchased ltc when it was around .002BTC. I watched it go to .05BTC, but I didn't sell. I sold all of my ltc right around .02BTC.

I don't know what you think the XCP community and developers can do about the wild price swings. Bitcoin had them and still has them on occasions. Stock Markets have them. Company stocks have them as well. Netflix went from over $300/share three years ago to about $50ish. Look at where NFLX is now. Apple AAPL, was almost bankrupt at one time. Now it's worth almost as much as GOOGL and MSFT combined (and it was worth more than them combined from what I remember). Apple did not go straight up. Not even close. Wild ups and downs.

Oh, you want to stop what you perceive as "insider trading"? Then you want centralized regulated trading, like the US stock market where the SEC can prosecute criminals engaged in manipulation? Grin

Where no such thing as unlimited printing of money (QE1, QE2, QE3) to bail-out the cowboys gambling with the world's financial system? Because price manipulation of any market needs regulators to punish these very bad men and women.

I do not feel bad for you, since you appear to be fine with the situation, however others are not. I feel content that you are content with your situation, though dismayed that you do not see the bigger picture.

I have however reduced confidence in this project succeeding when I see that a user is driven away because of practices that appear to create information asymmetries which favor people that have closer ties within a network (he called them "insiders" - don't confuse that with the SEC term). Every user brings in a few friends, I know I did when I learned about this project. Practices which can be changed to smooth out the shock value of news so that it does not attract speculators and gives some cushion to new long term investors.

Price swigs that happen naturally due to profits/losses, performance of a thing are fine as they in theory should reflect the natural value of the thing, however when price swings occur due to how information is disseminated it is something which we have some control over and therefor it is something that warrants some critical thought to reduce unwarranted price shocks.

There are many ways to catch a fish... using TNT is just one method.