Can’t forget that around May 12th the coin was still rising and hit 10 cents. Not sure but it appeared the early adopters that we needed to hold to make this work didn’t. They made money and moved on causing a steep decline quick. We won’t know if the lock was necessary until we recover. On the other hand every single person is valuable that’s involved in this coin. If we lost a big percent of supporters due to the lock then maybe that wasn’t worth it either
I think maybe the autohodl period was too long. While autohodling did succeed in removing the strip miners and the pools(temporarily), it may have discouraged too many miners. Maybe a 60 days enforced hodling period would have been better.
Anyway, now that Yobit appears to have gone offline, I think now would be a good time to prepare a fork, as the potential problem with Yobit has already occurred.
I’ll suggest an offer to HOdlers – I’ll volunteer to develop the fork if the Nutocracy authorizes me to reduce the required autohodl period, but not remove it. I think removing the autohodl entirely would see the return of strip miners who simply mine and dump, removing all value created in the coin. While I know the autohodl feature has not been popular in many quarters, I think we’ll find all those who have mined with autohodl are likely to be long term hodlers, more invested in the coin than strip miners or speculators.
Published at Sun, 23 Apr 2017 01:06:04 +0000
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