I also like your idea to build the new protocol on bitcoin instead of starting an alternative blockchain but I am surprised this attracts 1000 of btc's considering the many objections stated by smart people here.
I do get the feeling bitcoin land is like the dotcom bubble. I'm wondering those that send 100's of coins, or are heavily invested in copycats like Litecoin, have they succeeded ever in avoiding a bubble before?
For example did they leave/avoided the stock market, commodities or emerging markets in 2007, or left/avoided real estate in 2005, or reduced/left bitcoin in June 2011 or April 2013 before the market crashed?
This is a serious question I would love to get an answer from investors in this project or Litecoin? Because it seems they are walking into a bubble that has a high chance of destroying their capital. It would comfort me to hear that they have successfully detected bubbles before and believe this is not one.
On a sidenote can someone explain to me how come this btc address says it has 1800 btc but many more seem to have been send adding up to 3000 btc easily?
I avoided the bubble a bit too early in April as it crashed back to where I sold at around 108-109!! If I'd waited another 5 days could of bought a couple more properties haha.... Yes explanation around 600 bitcoins have been sent excluding Dacoinmasters where do you get the figure of 3000 from the blockchain shows a list of what's been sent? It's a bit off topic so delete this post if you want dacoinmaster but why do you think now is a bubble and how have you been detecting bubbles in the past?