Perhaps the dev team should destroy the extra premine percentage. The spec changed so this would only be fair. This should be done publicly. This would show the integrity of the devs and be great for PR. Other coins have sucessfully done this.
Thats not bad idea actually. Lets see what the dev says
sent dev pm last week asking to destroy rest of premine. dev says need for bounties developments and for future of coin. i understand that alot of work is needed for eco-system and marketplace. sent another pm but dev offline now. i would like community to donate and for premine to be destroyed. i pledge 25000sc if this is done soon.
i would like to see multipool set up and 1-2% going to fund future of our fine coin
I will happily donate.
But can you explain to me why the dev fund needs to be destroyed and recreated?
It seems like a nice gesture which will show community support but it also seems empty.
With the recent market games there are whales who hold much larger % than the devs if a "dump" and crash of price is listed in your concerns I would be more worried about them.
Just like with Bitcoin, the price of Silkcoin is the least interesting thing about it.
Sure if you were hoping to make a quick buck then I think you are out of luck, but anyone trying to do that loses my sympathy in any case.
For anyone to profit without creation or adding value means that someone else needs to suffer unnecessary loss.
like hamzatu said it would show integrity from devs. it would show devs listen to community and act. good pr. it would help support the price. more people would invest in 2% than a 4% premine. i liked the 2 pow phases for distribution and say the price was to drop afurther 50% i believe coins will be more concentrated in hands of a few.
Integrity from devs have been shown by keeping to their word.
They have also showed that they listen to the community. As part of that community I don't want them to destroy the dev fund.
I don't think we need PR for Silkcoin.
I don't think the price being low is bad, it gives more people chance to buy in.
The more people part of the network the better.
If whales are buying in, if they are in for quick buck then they will just dump again, this leads to anxiety for people who are all invested already because the price fluctuates widely. But once they sell, new people buy and the network grows. The added volume is also not bad and it shows that the whole system works in transferring units of value from one person to another.
If the whales plan on building a hoard of SC to stake, then hell... they are clever whales and I want them in my ocean.
