Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges. It will simply bypass this subculture.
Damn. How did you know my marketing plan. Kudos.
You are spot on. The Bitcointalk.org market is too small. And it is being eaten away by shitcoins, declining crypto market, and the conversion of Bitcoin into GovCoin (aka GavinCoin or Bitcoin XT) which destroys the network efforts of widescale permission-less commerce. Bitcoin is being folded into
vulture capital top-down morass.
P.S. the best alternative to
BTC right now is the $us dollar and USA stocks. Seriously
BTC is headed below $100 by Spring 2016. Then a new bull market will ensue in crypto. Get out of crypto for the time being.
Let's review what I wrote more than a year ago as AnonyMint:
Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat
I gave the explanation that money is power-law distributed and thus we should expect the greatest serious network effects on adoption at the beginning because the power investors come in the earliest. The log-logistic (cumulative distribution function) curve corresponds to the power-law distribution.
I had an epiphany in my dream last night that there is a simpler explanation which also corresponds to the power-law distribution of money as follows.
"Most people who learn about Bitcoin, don't adopt it".
Why? Because it doesn't fulfill a general need. The need it fulfills is very specific to a white male, hate central banking demographic. It doesn't have fast transactions, doesn't have consumer protection, the money is difficult to secure, it is technically challenging to use, etc..
A consumer adopted item such as a washing machine has logistic adoption curve because every person who hears about wants it. Thus maximum word-of-mouth is reached at 50% of adoption. Whereas, for Bitcoin maximum rate of effectiveness of word-of-mouth was when only the correct demographic was listening back before July 2011. Now as Bitcoin tries to speak to the masses, they mostly don't care.
Thus if you want to build a Bitcoin killer altcoin, you simply make sure it is something every person will want to do.
Put Coinbase and Bitpay together and you have both the consumer and the merchant, you don't need the block chain any more. Also the mining is already centralized. How much more obvious could it be?
And during this time our core development team and Foundation have been doing what to ameliorate this outcome? Meeting with the CIA and CFR.
And recently:
I am thinking the fundamental flaw in any consensus algorithm that relies on some asset, is that the economic game theory is such that the asset will concentrate towards a winner take all over time.
What if a system makes a winner to give away his "power" if he comes close to the point of no return?
That is a common argument that the society will bolt into a minority hash power (or minority stake) chain with the majority of users. However the problem with that in the context of all published designs I've seen, is that we all know well that the users tend to continue using (preoccupied, irrelevant to their priorities, etc) what they use and those tend to be controlled by the same vulture capitalists who will centralized the mining, e.g. Coinbase. Blockchain.com (see below), etc.. However you have identified conceptually what my design in effect technically accomplishes.
Do not trust any vulture capital endeavors. They are all beholden to the
capitalist network that enslaves the world. That is for programmers whose priorities are to get rich on some fat compensation with stock options and not on changing the world. You'll find nearly no programmers of my talent and capabilities who are willing to work with no guarantees and only $2000 monthly (self-funded for the past 2 decades up until this month) in
survival goods expenses. Believe me, I've tried to find them and failed.
Maxwell's Blockstream (whether he realizes it or not) is probably just another Hegelian dialectic gambit by the powers-that-be, where there is a good and bad car salesman (at the same dealer), so the good one looks less worse than the bad one and fools you into a horrible deal.