Quote from: turtoro on March 16, 2014, 08:52:01 AM

Quote from: tagore on March 16, 2014, 08:33:44 AM

Quote from: Bionic345 on March 16, 2014, 07:40:28 AM

. VTC might blow the sky once the 25-30mhz asics come out..

I've been thinking a lot about the future when asics come. GPU's will have to move to scrypt n, thousands of miners on VTC and at the end of the day most of them trying to sell them to get some money to pay for the power and gpu cost, cause they come from a market where they were losing money cause asics. So imagine the price of VTC with thousands and thousands of new sellers. To keep the price we need thousands of new buyers.

Ive been thinking about as a lot as well. Can we have a discussion on this?

The standard response would be "we will build up vert as a brand to be able to buy/sell products with". But breaking into a (semi) common method of payment will be 100x more difficult than what btc went through..

thoughts?

Developing economy around a coin is a valid way to increase usability/value. But I also think that the whole "ASIC resistant" coin trend will continue and there will be quite a few coins out there that are ASIC resistant (EXECoin for example). I don't believe that all of GPU hashing power that is in use at the moment will shift only to VTC, which is good for us. Some people (small players probably) will completely give up while ppl with a lot of GPU rigs will find a safe haven in the new generation of coins.

When it comes to developing economy around the coin, we should be thankful to BitCoin because their community is doing all the grunt work for us, dealing with much bigger issues when it comes to mass adoption. I think that we (devs + community) should try and take advantage of that. And ride out on top of the road that they have paved. I mean specifically the services that are built around BTC who could potentially support other cryptos without much effort (moolah ATM for example). Can you imagine when PayPal starts accepting BTC, what will be big, now what if (and probably is) it's possible to include other cryptos as well? Why not VTC...

Possibilities are out there, we just have to spot them and take advantage. I wouldn't be worried too much about ASICS, what VTC did is it started a trend which will (and is) be picked up and it is the leader in a whole new generation of coins.

My 5 cents Wink