Quote from: CoinsCoinsEverywhere on September 23, 2014, 08:42:35 PM

Quote from: Freenhult on September 23, 2014, 06:09:54 PM

I would assume that after the wallets are all finished that we're going to be looking at a business type-front here soon? Being able to spend SPN will go a long way to boosting its value.

I'm not saying this is a bad idea, but we have to be really careful about this approach. If you just open up a store-front, there will be a lot of selling pressure as those that have mined the coin start buying stuff. See GPUCoin. Once they opened up their store, the price plummeted and never recovered. You need to make sure that you increase the demand, which is not easy to do.

Edit: To increase the value of the coin, you need people not just to buy it but to hold it. If they buy and then spend right away (which most likely means selling as the merchant cashes out), it won't have much effect on the value.

Actually people dont really spend their cryptos at "shops", and those that do, its not to the point it will effect the market, but its a good look if its is possible to spend them at a shop. So would definitely be a positive thing, even if noone ever purchased anything.

Ive brought a couple of Asics in the past with BTC, but its way risker than using a system where the consumer is 100% protected, like with creditcard or paypal etc, and this is the main problem. And why cryptos are only really good for playing the exchanges

If everyone was to hold, and no one sold, would be death as no exchange likes listing dead coins, and investors dont like buying them. and at the end of the day its all about the trade volume. So the idea is to both Sell and buy. Both sellers and buyers determan the success, not just buyers and holders. Sellers play a very important part also, they give buyers cheaper coins, and more chance to increase their investment

lostmojo

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