Quote from: ndrmutz on January 07, 2014, 01:41:06 PM

6.- What will you do to ensure the commercial viability of your coin? What is the plan of ensuring diffusion? How will you convince businesses to adopt your coin?
The primary value in any of these coins is as a store of value. Expecting random businesses to accept any of these myriads of coins is a pipe-dream, IMHO.

As this is the only point I am interested in ... the whole store of value concept worries me a bit. I am perplexed by the concept of using cryptocurrencies as a store of value. Of course this depends on how long you are planning to hold them (but short term gain I would rather call as investment and speculation rather than short term value), but store of value bit is hard since it needs to be linked to something that offers security against devaluation from an increased production or supply. I have a very hard time seeing this in open source software, but feel free to convince me otherwise.

Also, why would it be a pipe-dream to have a wide spread diffusion of a cryptocurrency used in everyday trade? Their intrinsic benefits are way more supportive of this usage than long term store of value. I believe we have only just begun to see the diffusion of these coins and that there is much that can be done to support their diffusion.