Post
Topic
Board Announcements (Altcoins)
Re: ⋆⋆⋆ [SDC] ShadowCash | The First and Only truly Anonymous POS coin ⋆⋆⋆
by
SebSebastian
on 08/03/2015, 22:30:41 UTC
It's a bit baffling.  

Shadow now uses similar techniques to give a comparable level of anonymity to the cryptonote coins, has a beautifully designed and user-friendly wallet produced and maintained by the core team (with encrypted messaging), lite-wallet functionality and staking mobile wallets (granted they need to be upgraded).

My stock response to your complaints about the price in the past has been that the altcoin market's massively irrational, and those figures only seem to reinforce it.
I'm not sure what we can do about it, but I'd like to hear any ideas you might have.

Do you expect that every time a new coin comes along that is as good or even slightly better on some aspects than the old coins everyone should dump their holdings and buy the new one? That would make one interesting financial ecosystem.

Where in my post have I suggested that? What I would say is that given that most altcoins are speculative investments I'd expect some people to move some of their holdings in response to projects showing exceptional innovation... or at least to hedge their bets to an extent. That just seems like the rational thing to do. Instead, a lot of people cling to coins that use technologies that have been superseded (not looking at anyone in particular  Wink) and instead of rationality exhibit a strange kind of tribalism. Which you've pretty much done by coming here, making some unjustified inference from my post and beating your chest a bit.

Shadow isn't "as good or even slightly better" than some old coins. It's light years ahead of most, and technologically on a par/ahead of many projects with market caps that dwarf ours. But you do have a point in a way though - I think it is partly about loyalty. If Shadow had appeared just 3/4 months before it did maybe its market cap would match that of those other coins. Instead by then many people had already pledged allegiance to their project of choice and remain loyal in spite of the innovations that occur outside it.