Goldman Sachs? Are you serious
Accompanying the previous point, we have alleged Goldman Sachs involvement: http://bitcointalk.org/index.php?topic=431938.0
All altcoins were and are are about one thing and one thing only = sell "air" for bitcoins. Much cheaper
than getting them some other way. Much better than buying a lot of them and thus increasing the price
and revealing your moves and intentions.
In the end, the most cryptocoiners will be left with worthless crap, some altcoin value of which will be
nulled overnight.
I disagree!! BTC & all altcoins are air ( as you call them ) but none are backed "by debt only" which gives them more value than FIAT Currency in a free market! So just under 1000 people/corporations/banks already own over 50% of all the BTC mined to date, so they can pump and dump on a whim and win on both the up and down moves ( Just like the rigged stockmarket, Bondmarket, Derivativemarket ) which will all come crashing down later this year or next maybe. Now a 12 year old can launch his/her own coin for $100 and give it a crap name and maybe make a buck but the FREE Market will decide what coins hold real value! and that's the way it should be!!