Hi all,
I don't think this legendary thing is a good idea and could bear negatively, as who wants to pay $$$ for what is at best double return, when the future of this coin and every coin is so speculative anyway, its double return of ??, and the return rate will half soon anyway so you will be soon getting later what you get now.
This concept has been created in the mindset of a high value coin where everything goes well. That people who buy in will get an even greater value return. This is all pie in the sky mindset, and I'm saying this as a holder of the coin. It would be a good investment IF everything worked out at the best and utmost for the coin, and I hope it does. So this is a big gamble for anyone wanting to buy in, but as with any coin its a gamble just holding onto a coin anyway.
I have said all along that value only comes with real world exchange for goods and services, forget the gimmicks and sort this out and the sky's the limit.
I'm always encouraged by the teams efforts and very happy to be holding this coin. But this is just what I think, feed back if you will.
You said it perfectly. I'm a holder myself and also an owner of a good size of DMD Cloudshares, so I say this with no disrespect, but I just don't think this is a good idea. The auction prices are too high, it would make sense to have a standard auction and
let the market dictate the value.And as much as I do not like Bittrex, I like them so much more than Cryptsy nowadays.
You simply have no reason to trade DMD on Cryptsy because you can't withdrawal any BTC for almost a week now. If they mtgox or go bankrupt, DMD on there exchange will vanish as well as BTC earnings.
Moving the cloud mining to Bittrex makes 10x more sense because 1) it works right now unlike Cryptsy, and 2) the low price is exactly what you need to earn more for Cloudshares and cloud miners.
Saying letting the market dictate it seems crazy, when the auction for the "legendary10" accounts is not dictated by the market.
