Post
Topic
Board Announcements (Altcoins)
Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
by
scroogeMcDuck
on 08/03/2014, 02:25:25 UTC
AnonymousPirate certainly had grandiose ideas when I talked to him. Whether or not he was talking about of his ass remains to be seen. He unloaded a ton of information on me in that chat. There are things that throw up red flags for me, but there other things that don't. I don't know what to think anymore, really. I'm just as much on the fence as you are. Not a good place to be.

This doesn't give me any more confidence in maza. Stranger things have happened, but from what I read of the irc chat, AnonymousPirate seems to have his head in the clouds.

Who exactly is Payu Harris? And why should I buy maza when I could just put my money into peercoin or some other already established coin? This flooding of new coins will drown the market soon if they keep on coming. To release a new coin at this point, it would have to do something revolutionary that no other coin currently does.

I'm a bit worried that every crypto, right up to bitcoin, is just a game of greater fool. Tulip mania for the 21st century. That's not to say the idea of bitcoin isn't valuable, because there should be a decentralized method of sending money directly to anyone anywhere in the world in a matter of minutes. And if bitcoin solves this dilemma already, then what's the point of these hundreds of other coins?

People are going to get exhausted of seeing five new coins every week, and most of those people are just going to gravitate back to bitcoin and some of the other "first cryptos" and drop all of these altcoins entirely.