Post
Topic
Board Announcements (Altcoins)
Re: [ANN] INTENSE COIN - Blockchain backed decentralized VPN - Hybrid PoW
by
ThePigwee
on 26/02/2018, 04:14:00 UTC
@wacko
To get strong demand for a coin you need a good product that people would need or want to buy - that means developing an interesting product first. To get strong demand for a coin just because it is listed on many exchanges doest not mean anything - it can just lead to a price bubble - exactly as .com bubble in 2000/2001. After the bubble burst, just the best ones have survived - and that is exactly what ITNS team should do - focuse on the development of an exceptional utility coin, not on exchanges and speculators.
Umm, we're still talking about crypto, right? Smiley This whole market is a bubble, no one really needs even bitcoin, at least in its current form, and no one definitely needs all those hundreds if not thousands of shitcoins. These things exist mostly as a technological/social experiment and a speculative asset, so that some geeks could have fun and maybe even get reach in the process, but that's about it. Only naive noobs actually "believe" in coins, and expecting "an exceptional utility".. You must be new here. Cheesy There's been so much stuff like this in the past ~ 5-7 years, promising all kinds of things. NONE of them worked, not a single one had and utility whatsoever. Even btc is barely usable, and makes little sense beyond paying for illegal stuff. The only real use for all the altcoins has always been just speculation on exchanges and nothing else.

What is a "strong demand for a coin"? Cryptocurrency is not food or some physical product, you don't consume it and you can't really do anything with it other than exchange it to something else (fiat most of the time, maybe some goods on very rare occasions, obviously not applicable to ITNS since you can't buy anything with it). The only purpose of this coin for most users is to buy it (with money, or their hardware, through mining) and then sell it, ideally for a lot more than what they paid for it. A few will maybe play with the vpn feature, if it ever gets done, but most vpn users will just keep using the regular vpn providers, paying for their service with btc. Let's not pretend there's much more to it, this has always been about speculation and most coins that do well simply do so because there's a good team of bullshitters marketing them, getting them to the exchanges etc. Compare ITNS to ETN, for example. Both just copied Monero and tried adding some extra crap to it. Doesn't seem like either of them succeeded with that (I'm not following ETN development closely, so maybe they did some of the things they were going to, not sure), but look where ETN is and where ITNS is. That's what marketing and getting to the right exchanges do for you.

I comparing ETN to ITNS is really not a comparison at all. https://youtu.be/Zo3r2OHzm8g <--- Is a video explaining how ETN is different from other cryptos. To summarize the video: people use their phone to mine ETN and then eventually, because people have this currency, will want to start exchanging it for stuff. Since they have this virtual currency that they can exchange for cash, they will want to start making a market for goods/services. Ultimately, ETN wants the user to find value in the project because they can mine it with their phone and exchange it for a product. This actually makes it the same as BTC (minus mining it on your phone because it's really not possible to mine anything of value). BTC already has a market for goods and services. People are already exchanging it.

 I'm not sure how that translates to ITNS, which has a specific purpose and will be exchanged not just for FIAT but also used to purchase VPN services. Why is this important/why would someone want to use ITNS instead of BTC to purchase a VPN? ITNS creates a more diverse market than what is currently available. More competition creates a better market for the consumer that wants to purchase a VPN service. So, instead of paying $99.95 in BTC for ExpressVPN for 15 months or, if you are feeling frisky $12.95 in BTC for one month, you could find a user that would allow you to use them as an exit node and pay less. I'm not sure how this translates to not having a use. I guess you are saying, as of this time, I cannot use this for the purpose that has been mentioned. Which, as of right now, you are correct, you cannot currently purchase a VPN with ITNS. Ultimately, I think the comparison to ETN isn't really something that can be done.