Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
toknormal
on 04/04/2014, 16:30:47 UTC
First coin that is successful gets the credits. The coins that copy never get as far. Hence why Litecoin is behind Bitcoin. Same reason why coins that tried to copy Doge and be meme-like failed.

Full disclosure - I am long some Blackcoin. But some of the claims on here are delusional.

If you think that BC's going anywhere near LTC you're crazy. LTC has a massive history behind it plus mainstream Chinese exchange adoption which took it a couple of years. We are now living in a different age. New coins appear every DAY. There is no "first mover" advantage to be had here. Any coin which gets launched in the same 3 month window can be considered a "first mover". Doge's "first mover" advantage is taking it on an express trip to zero satoshis because once the speculative value is wrung out of it, there's no functional value left.

Just saying - don't be surprised when BC tops out at a few hundred more SATs and that's it done. It's already doing pretty impressively for a coin that draws the bulk of its value from an overtly hostile marketing strategy.