Post
Topic
Board Beginners & Help
Re: 51% attack on all altcoins since Feathercoin happening.
by
shaunb
on 17/06/2013, 16:02:33 UTC
This could be helpful, so people actually stop investing in (mostly premined) shitcoins.

Why do you people even invest in shitcoins? For me, it was logical that price will be dropping, and it is dropping.

Its not the case at all. People need to wake up and stop fighting against each other.  It doesn't matter whether coin X succeeds or coin Y, if ANY single coin fails and it gets any mainstream media attention, you've destroyed any chance for any crypto-currency to ever truly make it.

People outside this forum don't care if its scamcoin-X or scamcoin-Y or BTC, they don't understand the differences. They'll see "crypto-currency is unreliable" or "I lost thousands in crypto-currency hack", and they are all sunk.

This is so true! The majority of the people who would invest in coins don't know or care about the technical specifics. To them Bitcoin, Litecoin, BBQCoin, etc. are all the same. If one goes down, you are effectively destroying all of them. The only value any coins have is what is perceived by investors. If they aren't comfortable, the prices drop; it's that simple.

Which is better?  Let people blindly throw their money at crypto's they know nothing about or educate people on the value of choosing a secure vehicle for their investment.  I don't think most people don't even know what a 51% attack is and what it can do.