Quote from: kelsey on April 07, 2017, 08:03:49 AM

Quote from: iamnotback on April 07, 2017, 07:57:07 AM

Quote from: kelsey on April 07, 2017, 07:53:27 AM

Quote from: iamnotback on April 07, 2017, 07:50:27 AM

How do you justify the blatant BS linked above (your quote of me) wherein the Chinaman deliberately says some BS to crash the LTC price?

thats one tool in a pool of many. seen Americans (famous Bitcoin is a failed experiment line), Russians, Japanese all do the same bitcoin/crypto over its history.

That is why we need an altcoin wherein the hodlers aren't speculating. They are using the tokens for something in which they have no desire to speculate with them.

With that wide base of transaction use which doesn't care about the exchange value, the manipulators will not be able to have much impact.

As I said, I have some ideas about how to make whales impotent. Traders won't like it, but long-term HODLers are going to love it, because it is deflationary, which is even better than Bitcoin (i.e. the coin supply will shrink forever never reaching 0).

you know traders or even greed isn't always a negative, there can be win win economic scenario's where greed and speculation is a positive driving force.

though in crypto atm i would agree many traders/manipulators are behaving like chickens without heads and going for personal profit without any thought to the entire ecosystem. however that often goes with the territory, tis just in the wild west phase atm.

Right now there is no significant rational use case for blockchains except greater fooling, gambling games, and "illegal activities" (there is a tiny bit of use as money transfer), thus the greed and selfish interest is not yet driving more productive use cases. And I agree because we are still in the Wild West phase. No one has yet produced an application of blockchains that has a broad use case other than greater fooling and Satoshi DICE offshoots.

"greater fooling" means speculation and making gains by bringing in more greater fools (otherwise it becomes a zero-sum game and most people would be losing and leave).