Post
Topic
Board Altcoin Discussion
Re: Poll: Is sub-billion dollar marketcap any indicator of success? 3 days only!
by
marquix
on 12/05/2015, 15:39:24 UTC
Well, what does everyone think?

beyond market capitalisation, there are other factors for a Crypto coin to be "a success". I am on record all over the place for saying that REAL-LIFE USE of a Crypto coin is the most important factor (look what the U. S. did after severing the gold-link of the dollar in 1971: they invented petrodollars to safeguard "usefulness" and "velocity of money" and keep the show going, let eurodollars be the biggest market in the world (at the time, now it's the over-inflated U. S. bond market, but that's a different part of the story). From what I read about Earthcoin and the EAC web pages, there are people imn this group who understand the history of the U. S. Fed & Co and will know how paper currency works and what I am talking about here. For Crypto coins, it is the same thing, i e ACTUAL USE of coins other than gambling, Silk Road, online gaming -- but I mean REAL EVERY-DAY acceptance of Crypto coins.

There are first baby step in this direction, mainly for Bitcoin, Litecoin, Dogecoin, but we need to get there with other coins as well! Imagine just for a moment what happened if just a few hundred eBay or Shopify/Facebook sellers offered REAL PRODUCTS (ideally both used AND new) for Earthcoin, and maybe some VoIP provider like Diamondcard.us started accepting Earthcoin as well (diamondcard.use already are doing Bitcoin, BTW)! Shopify/Facebook are very real prospects as they already have BTC, LTC, and DOGE built-in and 100% ready-to-go -- all that's missing is the real life persons, apparently...

So THIS is what we need in order to make (any) coins a success. I mean, we are still in the very early stages of the overall phenomenon, but for this to gather momentum it needs to happen sooner or later!