Quote from: BlitzCoinDev on March 27, 2014, 07:53:30 AM

Quote from: Relnarien on March 27, 2014, 07:50:37 AM

Quote from: BlitzCoinDev on March 10, 2014, 10:05:18 AM

Coin created for pure speculation.
Unlike many coins here, BlitzCoin is created for speculation. It have no intention to be a coin for online shops, or any merchandise at all.
BlitzCoin is created as proof of concept. From mining for rewards to mining for tx fees, as well to see how network will behave in such a small timeframe, fast hashrate increase and decrease. The results can be used in future coins development for new features etc.
After mining for rewards the network will be secured with several CPU miners, enough to secure and insure transactions.

I'm not sure that I get this coin. What exactly are we speculating on? When we speculate on other coins, we do so on the possibility that it would get adopted by merchants. If this coin is designed not to have any use, are we speculating on the possibility that someone will choose to risk his/her business by offering merchant support to a coin designed not to be spent? I ask this because I think it makes sense for me to know what I am speculating on when someone asks me to do so.

It's a speculation. Look at gold. It have no purpose, no value. you can't eat it, you can't buy bread with it. It's worth only for trading, for speculation that will be more valuable next year.
(sure, gold have some other purposes, but you know what I mean.)

That is an unsatisfying answer, but it's better than the canned "to the moon" response that has plagued many threads since it was first coined. I would argue that Bitcoin already fits that bill and has answered that "speculation," but that's largely irrelevant at this point. Good luck to you and your coin nonetheless.