Quote from: toknormal on January 09, 2014, 02:57:58 PM

Quote from: Jomppe on January 08, 2014, 12:22:09 PM

I have been buying like crazy as the relative value is declining. 0.1 BTC is the long term equilibrium-price. As long as the price is under that relation, there is an opportunity to have leveraged returns on investment.
This spring I am expecting the next leap of magnitude.

You're mad. (In my humble opinion

If you really think Scharmbeck project is so great, invest in it not the coin. If there's any coin people should be hoovering up just now its PPC and XPM with all this 51% attack fear.

If the Scharmbeck project has one ounce of business sense, they won't be coupling the fortunes of their business infrastructure with the fortunes of any one coin, specially now that alt coins with a similar technical spec to WDC are popping up like mushrooms after a rainshower. So where does that leave you when Scharmbeck decides it needs to 'diversify' and support other coins to keep its business alive ? You'll be a bag holder for another "dodo"coin.

If you're going to plough so much into a single coin on the basis of an initiative that *isn't* the coin itself, at least see it from the negative perspective before weighing up the advantages. If you find that hard, I'll give you a hand:

[1] - One of WDC's main 'selling' properties that's always touted is speed. But this is just blockchain transaction speed. In a point of sale situation, payments are handled by payment processors through accounts. Look at cryptocurrency exchanges for example - all trades happen instantaneously regardless of a coin's particular blockchain transaction speed. I've said this often on other forums, but if a crypto coin ever makes it into a grocery store or supermarket, we *won't* be doing blockchain transactions, we'll be using payment processors like Visa and Mastercard and transactions will all be instantaneous. A few minutes is fine for blockchain speed.

[2] - Look at the date on this link: https://bitcointalk.org/index.php?topic=204894.0 When that announcement was made, about 40 of the alt's on the market today didn't exist. A new 'alt' was quite a big deal. Now it isn't. You can even roll your own...http://coingen.io/ Want a fast coin ? - just set the right parameters and have it delivered to your email box.

[3] - Proof of work is toast. It's now emerging that the previously "theoretical" concept of a 51% attack brought about by excessive concentration of hashing power is now a practical reality due to the phenomenon of massive hashing pools and mining viruses that can hijack millions of browsers. Proof of stake is the future because it's almost immune to this particular problem. (Doesn't mean there aren't other issues, but not this one). So that leaves PPC, XPM, NXT and such like as the contenders for challenging bitcoin. It's unlikely that Bitcoin itself will die because it's so established that the developers will find ways to defend against the 51%, like checkpoints etc. But second place downwards is going to go to proof of stake coins IMO.

[4] - Have a look at what Scharmbeck actually does. Basically 3 things:

a) - a fiat exchange
b) - a client (secret mobile WDC clients)
c) - a payment processor

Talk about playing to your weaknesses:

regarding a) a fiat exchange that only supports one coin vs fiat exchanges that support many

regarding b) ok, it might be a nice client, but a good client doesn't sell a coin, besides, there probably could not be a more competitive area right now

regarding c) as I said previously, if anybody is going to be doing payment processing in any significant way for cryptocurrencies, it will be existing people - Visa, Mastercard, Maestro, the banks etc. They already have an infrastructure that's currency independent, so adding a cryptocurrency will be peanuts if they think it's worth it.

Sorry to rain on your parade, but if crypt's are to get anywhere, people have to get real and actually think things through. They are a great store of value and potentially a huge threat to fiat because they are unlevered base money, but the blockchain is not a retail point-of-sale tool. It's a bank account and as long as you prioritise things that way the future looks bright for cryptos I think.

My advice:

Dump all your WDC into PPC, XPM, NxT and possibly QRK. Although the latter 2 have a bit of an "instamine scam" reputation, they are still good coins and have a massive potential liquidity which could spread far and wide. None are proof of work except QRK and all have properties unique to the coin itself which is a better investment criteria than relying on a solitary business supporting the coin.

In my opinion, Scharmbeck *might* survive if it starts to support other coins, but WDC will be history by christmas.

The more words needed, the less it means.