To anyone who has working eyes and brains, it should be clear now that today, the only important factor for success of a cryptocoin (or a non-cryptocoin like XRP) is, that it looks cheap. Just go on coinmarketcap; circulation upside down. Result: higher supply coins get all the profit. Cardano, XLM, XRP, Iota, et cetera.
The reason for this is: in the early days crypto was mainly used by smart people, and smart people understand that something that is rare, should cost more than something that is abundant.
But stupid people (or inexperienced kids) only look at price. It is only too human. Now crypto is getting mainstream, average IQ has dropped like an upside-down chart of XRP or XLM.
https://www.ccn.com/south-korean-students-flock-to-cryptocurrency-despite-establishments-warnings/
Young people are gravitating to altcoins that trade at lower values than bitcoin, according to analysts
Only solution is splitting. Stocks do it all the time.
I propose a hardfork, 1 BTC (old) = 1000 BTC (new)
It would do more for the success of Bitcoin, than Segwit and all the other shit combined, just this one thing!
It would also make it more practical for smaller payments....
I will disagree with you on the bold part of your message in the following waysThe reason for this is: in the early days crypto was mainly used by smart people, and smart people understand that something that is rare, should cost more than something that is abundant.
But stupid people (or inexperienced kids) only look at price. It is only too human. Now crypto is getting mainstream, average IQ has dropped like an upside-down chart of XRP or XLM.
https://www.ccn.com/south-korean-students-flock-to-cryptocurrency-despite-establishments-warnings/
Young people are gravitating to altcoins that trade at lower values than bitcoin, according to analysts
Only solution is splitting. Stocks do it all the time.
I propose a hardfork, 1 BTC (old) = 1000 BTC (new)
It would do more for the success of Bitcoin, than Segwit and all the other shit combined, just this one thing!
It would also make it more practical for smaller payments....
1. You don't have to go on the insultive side in trying to pass your message across as you can do in a well matured way than going that route of insulting as if you are the most intelligent in the whole community.
2. The factor you noted as the only important in the success of a crypto coin is being cheap is grossly wrong because a lot of coin way below certain amount gets interest lost which then leads to it being delisted from several exchange sites. Beyond being cheap other factors are very key.
3. People who only look that the price should not be categorised as being stupid rather inexperienced as you have used because whether we like it or not they have contributed to the growth of bitcoin and concluding to move to other coins because its cheap, that is not the sole purpose they are actually doing it with the hope that it will be more valuable tomorrow in which they can then make maximum profit.