Re: Qora | POS | Assets | Names | Polls | Automated Transactions | Social Network
Currently 1.3% are for sale at Polo at 3 sats and, likely, someone will come along and dump into the 1 & 2 sat orders. Personally, I think this is a shame. If there is ever going to be a marketing campaign, it needs to happen soon. If Qora gets down to a market cap of 100 or 200 BTC consistently, I don't see how it can gain any traction. People don't buy into "dead" coins no matter how cool they are.
I'm not trying to be cynical and I do still own a LOT of qora. But this has gotten sad. A lot of work has been done around here and, honestly, I don't know what to do to turn this ship around.
I'm not trying to be cynical and I do still own a LOT of qora. But this has gotten sad. A lot of work has been done around here and, honestly, I don't know what to do to turn this ship around.
To be honest, this phase of the altcoin bear market baffles me. Good and even innovative coins get shot down for seemingly no reason. I'm even at a loss to explain why Horizon's been spared - so far.
The hard core crypto 'fans' on this forum don't have enough funds to sustain lots of alts, and many 2013 converts got burnt and left. My belief is there is a tsunami of capital waiting to see if wall st can adopt blockchain without bitcoin. If Jamie dimond and blythe masters and co can create private blockchain the game is up for all alts and bitcoin exists as a fringe curiosity. qora code would end up being used by legacy finance to make rich bankers even richer.
The other factor i see here is ordinary people don't care about crypto, but would after the global financial system blows up. Put these two together and you get a couple of scenarios:
1- private blockchains take off and banks morph into new lean mean institutions with established brands and the dream of decentralised finance goes into statis
2- private blockchains fail, global financial system blows up, bitcoin marketcap in trillions, with quality alts marketcap in billions
My BIG fear for qora and some other quality alts is we get scenario 2- but not for another 2-3 years, and by then many alts will be dead, even though they had the 'right stuff' to moon into the billions. What we need now is a use case for crypto fans to keep these quality alts alive long enough to reap the reward, and that's probably gambling.