Post
Topic
Board Altcoin Discussion
Re: Why are you reading Altcoin Discussions ?
by
huffnpuff
on 28/04/2015, 05:34:07 UTC
Is altcoin the answer to ur struggle in life?  or is it just some fun? a hobby? a love of urs

Crypto has to find redeeming attributes to significantly make up for it's potential for abuse**.
Crypto also has to appeal to women since 95% of Bitcoin participants are 30'something males:
yet ask yourselves who does most of the shopping in society?

Altcoins are the place to find those diamonds in the rough to address these issues.


I'm fascinated by the practical proof-of-work applications employed by some altcoins! They give a glimmer of hope beyond burning the daily $15-$20M in electricity to over-secure one blockchain (BTC).

1. Knowing a significant percentage of BTC power is coming from coal-fired power plants in China - subsidized by a people already living in toxic conditions makes owning BTC unethical** (to me).

2. Additionally, people paying a 20% premium for local BTC just to stay ~100% anonymous also makes my skin crawl** - esp. knowing some buyers use that coin to trade for:

  • meth
  • illegal firearms
  • human trafficking
  • or even worse???

True you can use fiat or gold to conduct the same "business", but crypto makes it SO much simpler - thus the need to create SIGNIFICANT redeeming attributes for crypto is CRITICAL.

and yes, I'm addicted