- It seems just about every altcoin is only used by its investors and doesn't really have much adoption. A similar phenomenon occurs with gold mining junior companies, where most of them are just paper illusions. Yet some of them do become major actual miners someday. This is the way speculation works! If it is too hot in the kitchen for you, then get out of the kitchen and let those who can handle it do the cooking.
Thanks for making that point. You're right: the chances of a mining-exploration property becoming a paying mine are really low, but they're not zero. Formally, all mining-exploration projects - even the few that are going to become real mines - are vapourware. And yes, financing those projects in the hope of a big payoff is the way speculation works. Oddly enough, the exploration companies will share their sampling data with professional and academic geologists if asked: in this sense, speculators are also (indirectly) subsidizing geological research.
I'm happy to learn that you've hit it off with James & that you've found a compadre who's at your level.
