Post
Topic
Board Economics
Re: Economic Totalitarianism
by
TPTB_need_war
on 09/05/2015, 10:43:11 UTC

Centralized shitcoin does not count. 1.5 billion  coins and scrypt. Exchange non existent. Not listed on coinmarketcap.com. Much success for a coin that has been around since September 2014. No privacy and offers sweet fuck all in innovation. Go peddle your bullshit somewhere else. Homero Garza will think that you have the next PayCoin.


One more comment about altcoins and being a Monero bug. The video above is quite accurate on the state-of-affairs of 100s of shitcoins and Bitcoin (and basically nothing else).

To attain significant sustainable adoption and a long-term future, a crypto-coin must have something that Bitcoin doesn't that is really needed.

Okay Monero has ring-sigs onchain anonymity (but doesn't have network anonymity and afaik the planned I2P is just another alias for Tor's unreliable network anonymity...did fluffypony ever finish the I2P integration?).

But Monero's use case is mixing and then exchange back into Bitcoin and hold Bitcoin. There is no reason to actually hold Monero's long-term, because there is no compelling case that users are going to use it as a currency and that it will thus experience network effects. It is just a decentralized mixer. That is all Monero is. No network effects. No Reed or Metcalf law exponential effects on adoption and growth.

You personally may wish to hold Monero for the added anonymity of blockchain anonymity, but this is pointless in terms of ROI if most users don't care and thus the network effects accrue to Bitcoin instead.

So sorry, I see a very big hole in the market that still needs to be fulfilled.

The challenge has always been how to correct Bitcoin's designed flaws (Bitcoin was designed to become a bankster centralized coin without anonymity) and do so in way that creates transaction demand and network effects.

To do this is going to require creating transaction demand for the altcoin. I believe I have the only design that can do this. I suspect the greatest demand for Bitcoin was coming from sites like Silkroad before 100s of Tor's hidden services were unmasked by the FinCen and Europol (probably with the NSA's help).

You've got to be an expert in marketing and an expert programmer and an expert at technical design of crypto. Very very few people will have all those traits, myself being one of them.

So are we going to stop losing precious time and get down to business or not?

I need angel funding if you all want me to focus my energies here now.