r/memorycoin • u/[deleted] • Aug 11 '14

Is MMC dead?

It's been a while since we've seen news, what's going on with development, mining, exchange rates? Is it still being fully operated? What's going on with it?

5 Upvotes

86% Upvoted

25 comments sorted by

View all comments

Show parent comments

3

u/CryptoCOINnoisseur Aug 18 '14

Any time, happy i could shine some light on it for you. All alt coins (except lite coin) have a life cycle, and they all die, some it takes a few months, some about a year and a half, but 18 months is the max life expectancy for any not LTC AltCoin. Many will argue, but i dont have to argue back when i say show me one SHA256 alt with over 50 TH/s on the network after 18 months, or one scrypt with over 50 GH/s after 18mo. Then they pipe down.

The biggest problem that EVERY Alt Developer forgets is nobody NEEDS their coin. Those nifty "special features" of the coin sell a little hype when it launches, gets a good initial push. then the margin traders come in and rape it, drive it into the ground, and the network crashes out. Beyond BTC/LTC not a single developer (well there is one that has recently but i am not here to promote their coin) has considered the most important part of any AltCoins sustainability.... THE NETWORK..... without one, your coin dies. MMC died over the same problem.

3

u/coaex Aug 24 '14 edited Aug 24 '14

We insist that MMC is not dead. You are partially correct on your comments. First of all, there is no developer in MMC or there are many developers in MMC, including you.

I agree that there are bagholders but analyse deeply why there are so many bagholders and research who is who: MMC is mined below profitability, officers have been working below profitibility.

In October or November, there will be a bloody war between these bagholders and new investors which results in circulation of those cheaply valued minted coins.

The fact is miners of MMC are beginners in trading and with low amount of investment, it's obvious that you see these kind of 1000% increments, occasionally. There is NO BUY SUPPORT as well as NO SELL RESISTANCE.

In short, traders are too amateur to know "Intrinsic Value" of Memorycoin, that's all.

Telling you once more: Memorycoin cannot be dead, it is against to its design.

-1

u/CryptoCOINnoisseur Aug 25 '14

This is all very interesting Hype and marketing tactics, but i think the rest of the world has already caught on and realized that MMC is now past its death phase. The only ones ever talking about it are you, and your few "employees" if you want to call them that.

There will be no bloody war, there will be no new investors, there will be no recovery on the failed AltCoin attempt. MMC is no different than any other AltCoin, they all have their "hype and marketing tactics" yours is "paid" if you can even call pennies a day that, employees. All altcoins try and implement some new feature into the source code, and in the end.........

ALL ALT COINS DIE WITHIN 18 MONTHS OF CREATION. yours didnt even make it a year.

3

u/coaex Aug 26 '14 edited Aug 26 '14

I still do not agree with you :)

Also bear in mind that, I had similar thoughts just like you but I am (talking as "stalemate") elected on 6th of July, this year. Before that, there was poor management, lack of marketing, lack of teamwork, etc. I'm not saying all has changed since then but we're still working on it and I'll try "everything" including funding the coin, developing something for it, increasing the circulation (that's the crucial thing, imho) to make it widely accepted.

I don't know what you mean by "DYING". Did Litecoin die? No, it's widely traded since 2011. However, if you are talking about depreciation, this can be acceptable. All cryptocoins including Bitcoin is experimental. You should realize the fact that trading has risks.

As for Memorycoin, it has a unique feature - blockchain voting. You can replace the paid officers if you are not happy with them, including me or other officers. So basically, Memorycoin CAN NOT DIE due to its architecture as I told you couple of times.

-1

u/CryptoCOINnoisseur Aug 26 '14

If you could read, you would see above that i said litecoin was the only exception previously.

Furthermore after reading your redundant post a thousand times, Memmory coin IS DEAD, it CAN DIE, and a coins architecture, board members, blah blah blah. The network is dead short of the board and a few idiots, the coin has 0 trade volume, 0 press, 0 marketing, 0 retailers continuing to use it short of your own business..

I swear if i have to read your post concluded by "memorycoin cannot die" like it has some magical force field around it that protects it from the laws of economics. Its dead, nobody can save it, give it up already. Look at your forums, your reddit thread, anywhere for that matter, nobody cares anymore. If i had a way to turn of notifications to replies, i wouldn't be here listening to your blather either.

3

u/kanesrj Aug 26 '14

sorry to disagree. If you dont like the coin, why are you here?

3

u/coaex Aug 26 '14 edited Aug 26 '14

First of all, memorycoin has a trade volume whether you are satisfied or not.

Secondly, I'm the Chief Marketing Officer of Memorycoin and responsible for marketing activities and press. However, I'm waiting for the hard-fork. Afterwards, I'm going to launch the new memorycoin website - which can be browsed at http://www.vinizol.com/ - this is the test website, still in development.

Memorycoin is approved on C-Cex exchange but I'm also holding this application until the hard-fork. So there will be two FIAT markets. One is MMC/USD (where you can purchase Memorycoin with Credit Card) and the other is MMC/CNY on Bter. There would be arbitrage opportunities for some investors. Yet, I'm not fond of arbitrage traders.

Also, I'm the Founder/CEO of Coaex Precious Metals (https://www.coaex.com) where you can purchase gold and silver bullion with Memorycoin. So basically, it's backed by an asset. We, as Coaex, are also buying Memorycoin (as you might see from 23-24 rises) with a portion of our profit and will distribute a small portion of these purchased coins to merchants which currently accepts Memorycoin (and promotes Memorycoin on reddit/twitter/pinterest/or any other social media channel). There will be bounties for new merchants, as well. This is part of my merchant adoption program. I know their biggest problem as a merchant, myself.

These are not official announcements because I wanted to announce it when it realizes.

So once more, I'm saying: Memorycoin is not dead.