Re: [ANN] Sikka - Cryptonote POW- POS-Proof of Activity- New Coin!
This project is dead. Dont waste your energy.
do you think, the whole project of all crypto coins is done or is it only this one here? market capitalization of crypto coins valued in us dollar actually looks like a bubble. maybe its really over. and these coins do not have any actual use. mining what for? if someone asks me that question i have to admit: only for speculation and nothing else. so yes, maybe turn off the mining rig and i ll invest my resources in real goals. maybe it really was only a revival of the tulip bulb and it never was more. it was so obviously. and many ppl denied that, blind because they were so greedy. they all drowned during their escape from poverty like Spanish conquerors. anyway the devs are fraudulent if they do not implement solo mining and no stable pool and no progress is observable. in every corporation these people would have been fired already due to lack of work. it was stupid to mine these coins. and why i did it? because people bought tulips again so prices took off.
Not for all cryptos. But 99% are dead, or will be dead in the next 2-5 years. For now, if you take a look on the one year chart, you will see, it is not a bubble. Imho it was too much overhype and we have now a lot of new investors, who sell into loosings. Big investors are happy with that. They have the chance to buy cheap cryptos again. We saw this in the past and we will see the same in the future. Now it looks a bit more crazy, because there is much more money in cryptoworld, than a year ago.
For sikka, maybe dev will come back with nice news or some good stuff. Ive mined a few thousand sikka too. I hold them in cold storage. But i think we dont need another p2p currency. No one will buy a p2p currency to pay something on amazon, or another webshop. We can pay with our bank accounts and there is no reason to pay mining fee´s. I like the vision "be your own bank", because i dont like banks and how they slave the world. But most ppl on the world will not use cryptos. Maybe they are scared about the technical side, or maybe they dont want to loose money. Not everyone has the patience to be a hodler.