Post
Topic
Board Altcoin Discussion
Re: Are altcoins practically useful at all, or is it just BitCoins?
by
Spoetnik
on 16/12/2015, 04:42:07 UTC
@btguydude
Seems you got it covered (you see what is going on)

TestNet can be used for many Feature testing but they don't use it
because they want the coin on an exchange to make money $$$

Which is the main use for them.. trading as tokens on an exchange.
Which winds up making them look far more like a digital pyramid scheme "token" that a currency.

Many of us started out way more optimistic one of these coins would accomplish adoption.
Time goes on.. years go by and we all eventually realize these coins will not be used as "currencies"

The whole game is about trying to make a more convincing scam..
These days "they" push hard to involve the world in their block chains.
Take ETH for example.. guys on Poloniex chat were going on about how Microsoft and IBM were "using" ETH.
MS simply added support for ETH via their Azure services.
And IBM supposedly was testing some internal private use scenario.
And i said to the guy on chat, well why would i care if IBM is using ETH on their private network ?
Or any other private company large or small..
Think about it..
Why should we give two shits if some buzzword "block-chain" bullshit used by some companies.
Only way i see that mattering is if they have a private token/coin used internally that is -linked-
to the outside world and then to exchanges and use etc.
This is not the case though !

So i wish i could say more positive things about Altcoins but i can't think of anything LOL
so far..

EDIT: Fixed some spelling mistakes.