very optimistic. so all the stakeholders are worth half a million USD now
Exactly. Some people are naive and like to image to be rich without hard work and bumpy road. Wake up!
What people need to realize that even if they are rich in cryptos it doesn't mean they are rich in fiat. At least not at this point. Until you can pay your rent, food and everything you need everyday with cryptos you'll always have to go through exchanges to get to fiat. What do you think would happen if all of a sudden 3000 people try to cashout 500k USD ? Exactly...noone get's squat.
NEM isn't supposed to make anyone rich quickly. It's supposed to be a better BTC that will actually be capable of replacing fiat (because btc isn't) hopefully at some point in the future. That's what seperates us from shitcoins. We have a goal beyond releasing a coin and hiting some exchanges.
Well said. Although I do expect some financial return from my NEM investment, I invested in NEM because I liked the proposed features and the initial coin distribution plan and I want it to prosper. POW doesn't make sense in the long-run, most coins lack of a proper transaction tax mechanism and NEM do have real incentives for money circulation. As NEM is not a pump and dump scheme I expect some coin struggle in the beginning because it takes time to build a real ecosystem around a new currency and some anxious people will be disapointed creating some negative buzz.