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.
I know a lot of people have stated in many articles that they believe only 5 or 6 coins will ultimately survive. But the more I think about it, the more I can see many more coins finding a nitch if more of the population start to use them. It will be interesting to see where we are 10, 15, 20 years from now. The press is printing gloom and doom again. It's so silly, people obviously don't truly understand the value crypto coins bring to the market. But of course time will tell!
I agree with you. Once crypto becomes ubiquitous and we all have payment apps on our smartphones, the door is wide open for altcoins and the competition will expand to fill every niche in the market. There's no reason these apps couldn't support payment via any altcoin, either directly or seamlessly converted to the merchant's desired coin via an exchange. I could pick DarkKitty3000Coin on my phone, swipe at the terminal, and the merchant receives BTC. It'll happen.