Thats why POW coins are not sustainable.
NXT has a real future once the jolly things get distributed, since no expensive mining farms are required.
There is not enough room for all these altcoins, there is only enough room for 5 or 6 coins max i reckon.
Most of these coins will be dead in 12 months, the hard thing is trying to predict what ones will be successfull.
I can't find a way for anything you said here to be valid. Please convince me.
Seriously, most of these coins are crap, kittencoin, flappycoin, etc, do you really think that shops are going to have the means of accepting all these currencies? Not to mention the values on them are so low, with some coins i would need over a million coins for a cup on coffee, and we still havnt got any coins that are the speed of EFTPOS or credit card, NXT is the only currency that im aware of that can have instant confirmations.
Most of these altcoins will be pumped and dumped into bitcoin, litecoin and a few other "professional" valuable coins.
Im just sick of seeing all these cloned coins with a different logo and no serious development put into them, most are just different block times and the amount of coins issues that have changed.
Darkcoin is one of the few coins with some serious innovation. Dogecoin is only successful because its attached to a meme and has a huge community, i see more future with doge than many other altcoins.
What we need is a unified global currency, and that was the whole idea of bitcoin, and it still will be a major currency, but look how fast its dropped in value, and its still going down.
I think alot of people are creating these coins in the hope it will do the same thing as bitcoin and make a quick buck, not to say that it wont happen, but with so many coins to choose from, what one is it going to be? I dont have the resources to mine them all and im sure no one else does either, the list of altcoins is growing by the day.