Quote from: bigfryguy on December 08, 2016, 06:11:17 PM

Unlike you guys, I wouldnt consider what John did as ripping people off... He screwed people over for sure, but I think he just got tired of getting very little reward for his work, and finally just sold what he had and moved on...

It was bound to happen, and luckilly I got out before it did, but look at it this way. The day of the altcoin is over, there is very little new money moving into this space and everyone will fight over the last of the scraps as people realize that there will be no bitcoin killer, true there will be new projects that work with bitcoin and world currencies to allow remmitances in a fast and easy way, but there will not be another crypto currency that will challenge bitcoin for this use. If it was going to succeed we would have seen much more money enterring the space as all these micro chains arose.

sorry guys no one cares about new solutions to the bitcoin problem without those solutions being inside the bitcoin environment. I bet people couldnt cash out more than 100 million dollars from the entire alt space without completely drying it up and killing it forever.

peace out

I am out of altcoins and will be looking at how blockchain tech can be used in the realworld from now on, my libertarian dreams are gone, as the only thing to see here is pennystock gambling, not real world fixes.

I'm sorry, but you are wrong on all of your points.

John julian connor cain ashley quit the project not because he wasn't getting rewarded, but because he had lost a lot of his coins in multiple attempts at playing with the market. He had avoided promoting XVC for years on social networks, and he did that on purpose, as a way to bury the project into obscurity so that he could get to hoard as many coins as possible before the main launch. Once he screwed up on the markets, he lost the incentive to keep working on the project. If you have ever traded other cryptocurrencies, you probably know by now that, the first thing you do after you get rid of your share is to not give a shit about the respective project anymore.

Owning a big part of the network was Ashley's main incentive behind his commitment to the project, as he would have been greatly rewarded by the constant revenue stream provided by his superpeer/masternode implementation. Now, not only that he flushed down the toilet the community, his time and his money, he also flushed down his reputation, which will be forever tarnished.

Now, talking about altcoins, not everything revolves around replacing bitcoin. There are multiple cryptocurrencies like: Factom, Siacoin, Storj, XRP, BTM etc, that are targeting different goals like: decentralized storage, immutable and time stamped data layers, reputation etc. Claiming that bitcoin will be alone in the space is no different than being in the 60' and saying that IBM will be the only company to sell computer hardware/software. There will always be competition or just different purposes, and i envision that, in the future, the internet will be completely tokenized and all of these blockchains will interact with each other. Also, given that the blockchain is still in its infancy, and a lot of potential is there, waiting to be unlocked, i think that it's too early to draw definitive conclusions.

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