Quote from: Zwiebo on April 02, 2018, 11:04:14 AM

Quote from: scavel399 on April 02, 2018, 09:57:10 AM

Quote from: Zwiebo on April 02, 2018, 09:29:00 AM

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. Undecided

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.

1 year chart? are you kidding me? a bubble does not evolve in 1 year. it needs several years, also tulip bubble began in 1620s and was bursting first in 1637. crypto coins are digital tulips. 1:1 - a medium for speculation. anything can be a medium of speculation. first you only can recognize a bubble AFTER it was bursting. not before and not while bursting. so judging a 1 year chart is - with all respect - nonsense. and a bubble can have an echo. it does rise in value again. if the underlying was a real invention the prices will rise beyond the peak prices of the first bubble. look for amazon stock price and others. but if not then not. and amazon stock only increased in value because they only sold books as they began but today they sell almost everything and do not only offer goods but also services like cloud services. thats why amazon soared again. but here? i do not see any benefit for crypto coins. for governments and justice its a threat.

and the media do play a significant role. the more ppl know from these crypto coins the more ppl bought them. with no media no demand. and with no exchanges no demand. the hurdles for exchanges become higher. demand is decreasing. the technique is not advancing. fees are rising. transactions per time unit are limited. a nightmare for every currency you want to pay with. the usage must be easy like paying with a credit card. a grandma must understand what a bitcoin is and how to use it. then you have attained the goal. but actual its not the case. private key, tracking key, wallet key, spend key, view key. cold storage - lol - for a unit that is somewhere in a cloud. WHAT the heck? not even me can handle this and know what exactly I am doing.

but if i could make money with it i would not care about the fact that i only trade garbage. if someone would pay me more than i paid for it. a classic ponzi scheme. it only works if more idiots come into play. and the attitude to be keen on money is obviously a part of a lot of ppl. otherwise they would not buy something that has no actual value or benefit. you cannot pay with it. theoretically you can do it but it will not become widely accepted. maybe in silkroad x.0 but illegal usage is not the aim but in contrast - a threat. but no coin has a real benefit. and if the price of a currency is rising you do not spend it but hold it. and if you hold it, you do not spend it. a currency can hardly satisfy 2 functions at the same time. especially not if its price is fluctuating heavy.

so it cannot be a medium to pay with but a medium to save with.

Is it a scarce source? theoretically yes. like an image from a famous painter. you also cannot use this picture, but its scarce. and somehow some ppl think its beautiful and therefore valuable. is bitcoin the original and any other crypto coin a copy? can only the bitcoin have some value? it would be logical if you betray it as an analogon. its absurd but it works in the world of art. and it works with gold which is also scarce and unique.

Ok - and how do banks slave the world? there some problems with banks. ok. but all together without banks human kind would still be in the middle age. first the banking system created wealth for human kind. without a credit and a bank huge projects that need a lot of capital cannot be realized. And now you want to be your own bank? but the task of a bank is to accumulate money and to lend it. this is clear to you, issnt it? and why someone would lend his money if he does not get a reward for it? in cryptoworld there is no interest and this IS the PLUS IF you want to have a scarce medium. If you introduce interest you are on the same level like usual currencies. the value will be deflated due to more units. in real world new goods and services are created with credits and therefore the value stays almost constant. and with the interest you can buy the goods and services which have been created you financed with your lending of money. but such a system needs management by a central bank. but ppl buy cryptos - why? partly not to be dependent from central bank policy, issnt it? not only. also for other reasons.

the money system is complex.

if you want to imitate, you need a management but management of sikka can not even beware its miners from baikal giant N and co. so hash rate will rise in future exorbitant.

management of sikka can also not create a properly gui wallet or solo mining. and this should be a decentralized network? 1 pool? are you serious? sometime NO pool? this is like you could not draw money from cash machine or make a cash remittance. absolutely not tolerable. you think time will solve this problem? the solution is: step by step. otherwise to be realistic: sikka is a dead coin. i ve seen a lot of projects. and no progress is the death of the project. of ANY project.

An active dev would make a fork like monero to be ASIC resistant. Not so here. So good luck with mining this coin. Its a waste of resources. I recognized it finally. Late but nevertheless with only a small loss. Thank God! ACISs will accumulate huge percentages of this currency. I have the feeling the dev wants to tell us this currency is worthless - no progress - and so on - so no one is mining this. he is HOPING this at least. LOL. he is not even able to manage a gui wallet. An evidence of incapacity.

Monero is much more clever. So the best crypto coin could have a chance to survive. Its a competition of currencies. And sikka is a stillbirth. dev installed a cryptonote coin and now its running. thats all. he is not willing and not able to develop.

its not a dev, its just another greedy person on this planet.

Personally I stay away from these guys.

They are only lazy and did not realize that only hard work can make you rich.