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Offline jae208

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Value of MMC Going down
« on: January 07, 2014, 06:08:39 PM »

Anyone know why the price of MMC is going down? Its about $0.41 USD right now.
Does MMC have potential in your eyes? I honestly don't yet see what the value
Of this coin is other than just another Altcoin. I just don't see such an innovative
Coin here...
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Offline caliboy

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Re: Value of MMC Going down
« Reply #1 on: January 07, 2014, 06:28:26 PM »
actually, i really hope it will go up !  :-\
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Offline jae208

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Re: Value of MMC Going down
« Reply #2 on: January 07, 2014, 06:51:59 PM »
actually, i really hope it will go up !  :-\

so do I but I think its going down because of all the politics going on

Look at one of the other discussions going on with Freetrade...

Looks like Freetrade's reputation isn't doing too great right now
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Offline Velocd

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Re: Value of MMC Going down
« Reply #3 on: January 07, 2014, 06:53:38 PM »
The value is that it's not just a copy paste scrypt coin. There are elected positions that pay salaries the person/teams contribution to the coin. It's actually quite unique, but some there are some kinks in the way votes are weighted by the amount of coin in a wallet.

Offline isaacgoldbourne

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Re: Value of MMC Going down
« Reply #4 on: January 07, 2014, 06:56:17 PM »
If you look at the price of any altcoin this seems to happen, start high, go low and then go even higher
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Offline MegaFarmer

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Re: Value of MMC Going down
« Reply #5 on: January 07, 2014, 06:57:35 PM »
Looks like Freetrade's reputation isn't doing too great right now

You are right.
And also notice how FreeTrade is trying to blame everybody else for the dropping value, except for himself.
He claims that the value of the coin drops because people are attacking him here, while all they are doing is asking him valid questions that he will not answer.
When you read the whole thread and not just FreeTrades replies then you will get a clear picture of his hidden premine game.

Fortunately we have the voting system to replace him as CEO. I suggest you use your votes.

Offline FreeTrade

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Re: Value of MMC Going down
« Reply #6 on: January 07, 2014, 07:07:48 PM »
I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

Looks like we've got some serious CMO contenders - hopefully an active CMO can help the market value of the coin.
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Offline Velocd

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Re: Value of MMC Going down
« Reply #7 on: January 07, 2014, 07:30:45 PM »
I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

Looks like we've got some serious CMO contenders - hopefully an active CMO can help the market value of the coin.

This was petty as fuck.....The price was dropping well before newmine won. I would say it was the increase in miners pumping and dumping the coin to make a quick buck. I realize you're under attack right now in another thread but it doesn't behoove you to step down to this level and point fingers. 

Offline MegaFarmer

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Re: Value of MMC Going down
« Reply #8 on: January 07, 2014, 07:36:56 PM »
And also notice how FreeTrade is trying to blame everybody else for the dropping value, except for himself.

Right the NEXT post:

I've noticed a correlation between Newmine winning votes and price decreases.

I must be clairvoyant.

Offline testz

Re: Value of MMC Going down
« Reply #9 on: January 07, 2014, 07:37:21 PM »
Why all worry about current price, price sometimes crash even for Bitcoin.
Keep doing good work, support users, grow community and in long term everybody wins.

Offline isaacgoldbourne

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Re: Value of MMC Going down
« Reply #10 on: January 08, 2014, 02:04:27 AM »
Why all worry about current price, price sometimes crash even for Bitcoin.
Keep doing good work, support users, grow community and in long term everybody wins.
This, we all need to work to make this coin worth something.
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Offline smokim11

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Re: Value of MMC Going down
« Reply #11 on: January 08, 2014, 03:26:27 AM »
Why all worry about current price, price sometimes crash even for Bitcoin.
Keep doing good work, support users, grow community and in long term everybody wins.


Bitcoin hit a 1000$ and MMC didn't budge. As you alt prices go up as bitcoin goes up. Instead MMC stayed the same or droped a few cents.

Now BTC went down 200$ since yesterday and MMC dropping too. MMC will probably be worth a few cents when bitcoin drops to the 500-600$ range.

I don't see the price going up at the time being. Seems everyone is busy fighting over paid positions and what they don't realize is that the paid salary will soon become a few dollars. Let them fight and fight until MMC is not even worth being used as toilet paper.

I'm seeing a bad ending to MMC2.0 sadly.
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Offline MaxPWR

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Re: Value of MMC Going down
« Reply #12 on: January 08, 2014, 07:32:26 AM »


Long-term goal is low volatility with price approaching cost approaching electricity + 5% for MMC taxes.

Long-term use - voting.  If we can figure out that, community / Officers will steer us to the long-term goal.

What's the price of a vote? Nothing...  What's the cost of a vote? Transaction fees.

What's the value of a vote? What is the value of the information we attach to that vote. And, the blockchain provides ways to magnify the value of that information.

But...the vote's value is completely intangible.  Long-term, a cost of a vote could be no more than the transaction fees, which would approach electricity and other operating costs.  Filter those out by margin at the exchanges, and you're left with pretty whatever you can market the intangibles.

It's so cheap, distributed, uber-bland on its own, you kind of have to combine it with something else, and you can combine it with anything...

Isn't this kind of sounding like a reserve currency?

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Offline MegaFarmer

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Re: Value of MMC Going down
« Reply #13 on: January 09, 2014, 08:13:59 PM »
I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

NewMine has stopped his campaign and the price is skyrocketing DOWN now.

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

Offline FaSan

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Re: Value of MMC Going down
« Reply #14 on: January 09, 2014, 08:26:12 PM »
I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

I'm noticing a correlation between the jackal people wish to be on the staff (and maybe they still to dump the coin on the market) and price decreases.

 

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