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Offline isaacgoldbourne

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Miners crushing the economy
« on: January 04, 2014, 04:14:06 PM »

The price has just slumped to 0.00057BTC/MMC, this seems to be because of miners selling straight after mining, as opposed to holding.

We need to stop this, if you are a miner, please hold. It will work out well for you long term, if you are anyone else fire up any machines you have and get mining, hold the coins. If we mine the coins they can't sell them.

We all expected the price to dip as miners tried to recoup costs, but if it goes too far south it may just fail altogether.
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Offline ripplexiaoshan

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Re: Miners crushing the economy
« Reply #1 on: January 04, 2014, 04:18:05 PM »
Good propose, but I doubt all miners would obey the the rules...market will regulate everything
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Offline AdamBLevine

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Re: Miners crushing the economy
« Reply #2 on: January 04, 2014, 04:29:58 PM »
prisoners dillemma at work. 

What reason would Miners want to hold something that has a very large supply mined over a long period of time that is losing value as the supply expands because there is no reason to hold it?

Altcoins need a reason or they're not interesting.   Advertising that mining is profitable means that people who want to profit have to sell their coins.
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Offline andhar

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Re: Miners crushing the economy
« Reply #3 on: January 04, 2014, 04:39:08 PM »
Been holding since i started and will continue to hold.

Offline Grekk

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Re: Miners crushing the economy
« Reply #4 on: January 04, 2014, 05:19:23 PM »
The price has just slumped to 0.00057BTC/MMC, this seems to be because of miners selling straight after mining, as opposed to holding.

We need to stop this, if you are a miner, please hold. It will work out well for you long term, if you are anyone else fire up any machines you have and get mining, hold the coins. If we mine the coins they can't sell them.

We all expected the price to dip as miners tried to recoup costs, but if it goes too far south it may just fail altogether.
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Offline h0g0f0g0

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Re: Miners crushing the economy
« Reply #5 on: January 04, 2014, 05:20:30 PM »
The best would be to get coin on more exchanges. Will all these C*O folks do something about it or just talk on this forum?

Offline luke997

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Re: Miners crushing the economy
« Reply #6 on: January 04, 2014, 05:40:58 PM »
Selling this coin for a quick profit is very short sighted.

MMC has good features unlike many other $hitcoins, if the C*O guys do half decent job, this coin should get to the top and easily reach 10-100$ this year.

I'm mining full bore on all my CPU/GPUs and buying as much as I can.

Offline nomullet

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Re: Miners crushing the economy
« Reply #7 on: January 04, 2014, 06:11:47 PM »
Bot miners don't have any skin in the game- although it does seem to have let up. My guess that is what is depressing prices.
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Offline earntodie

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Re: Miners crushing the economy
« Reply #8 on: January 04, 2014, 06:27:18 PM »
i didn't sell anything at all
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Offline reorder

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Re: Miners crushing the economy
« Reply #9 on: January 04, 2014, 06:34:39 PM »
The entire alts market is depressed lately, it is not smart to sell anything until new money come in on the next hype.

Offline belltown

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Re: Miners crushing the economy
« Reply #10 on: January 04, 2014, 08:41:37 PM »
MMC has good features unlike many other $hitcoins, if the C*O guys do half decent job, this coin should get to the top and easily reach 10-100$ this year.

Agree on MMC comment. In my opinion MMC has more innovations then both PPC and XPM have combined. I will try to do a better job explaining MMC features and promoting MMC innovations.

Also agree on your constructive criticism. Right now I'm trying to get some news media exposure for the coin also I'd like to have presence in social media, but so far I can't show any great results yet.
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Offline Delinquency

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Re: Miners crushing the economy
« Reply #11 on: January 04, 2014, 08:52:19 PM »
I said this before, very extreme supply and little demand.
You'll need to wait a few months for the price to start to go up. Blocks will be less rewarding. This is like an IPO flash, you need to wait for the market to come through.

Hang in there guys, MMC is still in the process of gaining traction on the coin market. There is more incentive for this coin to do well because of the positions available for election.

We may need people to accept it over bitcoin or litecoin for the payment of goods and services. Overall, we also need our officials to do a better job in Public Relations.

Offline luke997

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Re: Miners crushing the economy
« Reply #12 on: January 04, 2014, 09:08:29 PM »
MMC has good features unlike many other $hitcoins, if the C*O guys do half decent job, this coin should get to the top and easily reach 10-100$ this year.

Agree on MMC comment. In my opinion MMC has more innovations then both PPC and XPM have combined. I will try to do a better job explaining MMC features and promoting MMC innovations.

Also agree on your constructive criticism. Right now I'm trying to get some news media exposure for the coin also I'd like to have presence in social media, but so far I can't show any great results yet.

Precisely about the innovations which the coin brings.

I wasn't really criticising anyone though - apologies if it sounded that way.
I meant that even a bit of work would propel the coin, and I'm sure all elected  C*O are going to do all they can/need to do to promote, market and further innovate it.

It's definitely Bitcoin/Litecoin calibre, we just need to support it...

Offline stalemate

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Re: Miners crushing the economy
« Reply #13 on: January 05, 2014, 08:38:51 AM »
We may need people to accept it over bitcoin or litecoin for the payment of goods and services. Overall, we also need our officials to do a better job in Public Relations.

Okay, but there should a payment gateway script or plugin for that. For example, I'm building a website specialised for MemoryCoin. It will serve both as a marketplace and a blog.
Meanwhile, there are couple of payment gateways for Bitcoin but few of them works efficiently. Even litecoin has 1 payment gateway plugin in Wordpress.
Let's talk this in a different topic.
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Offline FreeTrade

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Re: Miners crushing the economy
« Reply #14 on: January 05, 2014, 08:46:17 AM »
What would also be a good short term help would be a app or a plugin to make Bitcoin payment using MemoryCoin.

The way that would work -

1. You're presented with a Bitcoin payment address
2. App sends the address + MemoryCoin payment to exchange/provider
3. exchange makes the Bitcoin payment.

If it was some kind of decentralized p2p service - that would be all the better.
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