Quote from: nearmiss on June 17, 2013, 04:13:34 PM

Quote from: shaunb on June 17, 2013, 04:02:33 PM

Quote from: larem on June 17, 2013, 03:58:03 PM

Quote from: nearmiss on June 17, 2013, 02:54:26 PM

Quote from: usahero on June 17, 2013, 02:50:34 PM

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.

Its mostly irrelevant. You aren't going to educate the masses on something as technical as BTC, or why it may be safer than other choices out there. Because of this fact, if you kill one coin and it happens to get media attention, you're pretty much killing them all. (I'm not talking about the market of people that are currently into crypto, or at the least investing in it even if they have little knowledge of it. I'm talking about the media outlets that started talking about BTC when it spiked over $200 earlier.) All it takes is for them to run a story with "$XXX,XXXUSD lost due to crypto-currency hack". 99.99999% of people reading it won't know or care whether it says coin X, coin Y, LTC, BTC ect.

Yep! Pretty much spot on with what I said. Cryptos are universal to most people. Much like when we hear about a car that had a recall due to problems (like the Crown Victorias and their gas tanks exploding). To a lot of non-technical people (that don't know about cars) that was a sign to stay away from Ford itself, not just CV's. The same goes for cryptos. They group them all together.