IMHO no Altcoin is going "to the moon" anymore - unless BTC and LTC go "to the moon" from where they are now (and most people don't realize going to the moon is actually a quite dangerous & risky trip).
In the current, mindless frenzy of people owning any mining-capable hardware who missed the original trains of BTC/LTC - they get served what they want.
Ever-brand new tracks made of cardboard & plastic, scale 1:48 or smaller - just for the sake of entering a train at its launch station (any train). And they are allowed to waste electricity for whatever coin people make up just to make them feel finally I'm on board @departure and might get rich. The very definition of FIAT, transported into the digital world. Brilliant.
None of this will end well for most.
The only funny, next thing would be "Brain Coin" requiring manual, human calculation limited to pocket calculators
(at least what would educate and train people at math, so that's actually a true value generated here *g* )
I'm honestly waiting for an "Altcoin Generator Construction Kit" Software sold, allowing anyone to create a coin within 5 minutes... for only 499.99$*.
( * Hosting & Pools not included, order separately for only 299.99$/month ! )
That would truly be a viable and completely valid business plan for the Greater Fool Theory
On a more serious note, in the long run most of these newer clone/pump&dump Altcoins will primarily serve one single function - damage Crypto Currency reputation.
Given their inflating numbers, that's something they could actually get really good at and help opening the door to "emergency cryptocurrency regulation" by governments to "prevent further financial damage to their citizens" by coin failures.
In the current, mindless frenzy of people owning any mining-capable hardware who missed the original trains of BTC/LTC - they get served what they want.
Ever-brand new tracks made of cardboard & plastic, scale 1:48 or smaller - just for the sake of entering a train at its launch station (any train). And they are allowed to waste electricity for whatever coin people make up just to make them feel finally I'm on board @departure and might get rich. The very definition of FIAT, transported into the digital world. Brilliant.
None of this will end well for most.
The only funny, next thing would be "Brain Coin" requiring manual, human calculation limited to pocket calculators
(at least what would educate and train people at math, so that's actually a true value generated here *g* )
I'm honestly waiting for an "Altcoin Generator Construction Kit" Software sold, allowing anyone to create a coin within 5 minutes... for only 499.99$*.
( * Hosting & Pools not included, order separately for only 299.99$/month ! )
That would truly be a viable and completely valid business plan for the Greater Fool Theory
On a more serious note, in the long run most of these newer clone/pump&dump Altcoins will primarily serve one single function - damage Crypto Currency reputation.
Given their inflating numbers, that's something they could actually get really good at and help opening the door to "emergency cryptocurrency regulation" by governments to "prevent further financial damage to their citizens" by coin failures.
there are already coingenerators?!
i predict ltc and eac a bright future at least this year. nobody can tell how the whole cryptocointhing will go