Well a couple of observations.
First off the coin was listed prematurely on Cryptsy and then for some reason Bigvern put it on what equates to the pink sheets of crypto coins. This is really unfortunate because its going to be an uphill climb to get it back on main page. The coin has a great name and has a lot of potential. Because Cryptsy put gold to trade against LTC, people dealing in btc must first pay the fee to trade it in ltc, and then again pay fees again to get it back to BTC. not cool bigvern.
Now, if this coin is to have a future, there needs to be some groundwork done to get some real world acceptance. (name helps a lot)
Everything needs to be above the board. No skullduggery whatsoever. Bad PR when there are 30+ other coins out there is a death knell.
- We need to have some stores which accept goldcoin, bitcoins and litecoins. Ride on the shirt tails of them (maybe a couple others) Im not talking about stores selling effin candy bars either. Thats just retarded. Setting fees to 0% on transaction for goldcoin will help promote them further.
- We need to have some stores which accept goldcoin, bitcoins and litecoins. Ride on the shirt tails of them (maybe a couple others) Im not talking about stores selling effin candy bars either. Thats just retarded. Setting fees to 0% on transaction for goldcoin will help promote them further.
- An ebay type of place that follows the same rules as above.
- Trade coins for prepaid visa card site?
- Create a payment gateway that can use an app on a smartphone to post QR code to merchants for immediate purchase of chewing gum at the local 7-11.
any and all these ideas are multi million dollar goldmines in themselves.
Getting back to exchanges, once we get some of these things operational, it would be a good idea to dump the 30BTC to btc-e, and get it listed there. Perhaps at that point Cryptsy will move gold off the pink sheet trade status. does anyone use vircurex anymore? dont know but that is another option. Point is, exchanges are cool but it makes a coin more of a speculative venture for day traders and miners to dump recklessly on the market.
Yea the miners. those guys. like diarrhea of the wallet. See no value in any of the coins, they dump them as fast as they can mine them. A trade bot could do nothing more but hold the market prices stable from manipulation. Although that could become costly if a huge dump occurred at .1BTC but could also help remove masses of coins from the market that create instabilities.
Anyway. Just some thoughts IMHO
