Quote from: Dr_Scythe on February 26, 2014, 07:01:19 AM

Sure you've designed a coin that attracts a high sell price that won't deflate over time but who the hell is going to buy these coins.

The point of crypto currency is to provide a method of payment without the barriers of fiat like high merchant fees. Who would accept payment in switchcoins when they lose 5% on every transaction. That's worse than most banks and Paypal!

At the end of the day if there's no real world use for your coin it will die.

This is just a creative ponzi scheme to give profit to the founders and initial investors with no regard to the buyers that will inevitably be left holding worthless garbage.

Yes, we don't believe that Switch Coin will replace fiat or banks or paypal. This is a coin for investors and traders. We have designed Switch Coin to have short and long term success on the open market. This is not an investment for someone who wants to use Switch Coin to buy their groceries one day. If someone wants to take it to that level than that would be great but as of yet that is not our intention.