Re: Embrace Yourself for National Cryptocurrency

Laxmicoin failed, so did Kashmir coin, if this is 'yet another altcoin' what makes it any different ?

When did laxmicoin come out? ROFL, I thought that the coin was still in development(and I hoped to see some new innovations in it), but did it fail so badly that we weren't even able to notice it failing? Shocked

Laxmicoin failed because, it couldn't head fake active national nodes. Apart from that, they didn't have comprehensive marketing, adaption and propaganda in place. It takes country to create a Bitcoin like successful currency.

Bitcoin being a global crypto has a very less impact in India, and not many people are involved in this space. I really doubt a national cryptocurrency would have much impact as most of the people who have used Bitcoin, would probably still stick with bitcoin and just like Bitcoin it would never be accepted by most of the financial institutions. I doubt any national crytp has been successful for long in any of the other countries.

So far it has negligible impact on India. But, same won't be case in future. There are many people involved in this space, more you can ever imagine. Just to quote, "India was one of prominent supplier on silk road." Cheesy

Yes. People will tend to stick to Bitcoin and here comes our responsibility to show them pron's and con's. Rather then suggesting, 'buy,buy,buy.'

Every coin has two sides. No matter its virtual Bitcoin. This is problem with Bitcoin users(including me), they understand Bitcoin and claim to understand everything else that forms sub-set of Bitcoin. Anyways, we're two different frame of mind, now.

P.S: I've been where there once and decided not to stop inquiring.