I am trying to explain to this hard-headed simpleton that those coins he is so enamored with, they don't have any competitive advantage.
Good luck with that.
I think that was disguised humor. Lol. I agree.
Can you get a haircut using ____coin?
A coin may have all the newest features and techs but if I can't use it in real life or online to by stuff with it well it is basicly worthless.
I emphatically disagree. Do you have any concept of how many more virtual microtransactions are done daily, many of which are monetized with an advertising model that is dying? Others are not monetized or monetized with a reputation and gift economy model.
You are incredibly stuck in the old world economy. You do not understand what is really happening. Sorry smooth is correct. I can not teach you with words. You will have to watch all your assumptions fail. I am not asserting smooth agrees with my assumptions (he doesn't even entirely know what I am up to).
What you must bear in mind is that the average Joe is not interested in all that high tech fancy new stuff.
He just want to pay and get goods.
That is why most of these coins fail.
They only thing these coins bring to the table is hype for pump and dump and scams.
There is a reason most of the people in the world do not know how money is being created, they are simply not interested in knowing it.
They just want to pay and get goods.
So ecosystem is a very important thing for a coin.
Take a look at Litecoin, it is in the top 10 but there is no development en the ecosystem is not growing.
It is only a matter of time before it leavs the top 10 and currently it is only used as a pump and dump coin.
I agree with you that target markets have to be identified.
I disagree there are huge target markets in retail commerce. Retail will all get merged into Govcoin (aka GavinCoin), banks, and smart cards (and smartphones for those who prefer).
The frontier is the shit the banksters can't control. And yes we need identify and attack large markets in these frontiers. Sorry to hear we must leave you behind. Hopefully you will come around later. I bet you will.
Edit: the average Joe is very interested in virtual services. I think you are incorrect there. The banksters always shut down the large game currencies because they become so popular.