Quote from: markm on September 04, 2025, 04:01:37 PM

Hype need not necessarily be the way to go.

Since earlier than 2012 a slowly growing group of players has been working co-operatively on the whole "problem" of how to make a coin successful; we call it the Galactic Milieu.

Originally, back when altcoins were first being invented, a few players approached me and convinced me that ultimately a coin is, like money in general, an I.O.U. ("I owe you").

Their thesis was that if we set up coins such that each coin was the "currency" of a "Civilisation", backed by "the full faith and etcetera of that Civilisation", we ought to be able to build value.

Because spot markets back then were problematic (and in fact have proven so ever since) we set up a "treasuries" system whereby we could compute a "treasury-based value per coin" for each coin simply by dividing the total value of the coin's "treasury" by the total number minted of the coin.

The results, dating back to 2012, can be seen in the various tables and plots maintained online at https://galaxies.mygamesonline.org/digitalisassets.html since that time, when we set it all up using an Open Transactions server that allowed any asset to be trading-paired against any other asset, and in fact even allowed each pair to exist at different scales so we were able to have three scales of market, a one coin at a time market plus a hundred or thousand at a time market and so on, so that coins could be offered at wholesale prices with a discount to enable smaller scale players to buy a batch of coins on a larger market and make a profit selling them in smaller batches or one coin at a time on smaller markets.

At that time, because a powerful command-line (scriptable) interface was provided by the Open Transactions system, we were able to use our calculated Latest Rates, which back then we used to calculate daily, to have each coin submit 24-hour-expiry buy and sell offers at all three scales offering to buy back themselves using each of the others, so that all pairs, at all scales, were always live on the Spot Markets provided on the Open Transactions server.

The various tables and plots are all derived from the Latest Rates include-file each time that file is re-calculated, thus providing history all the way back to the start of the publishing of the Latest Rates file back in 2012.

What I am suggesting for newbies, and indeed really for anyone in crypto, is to consider getting involved in the "Galactic Milieu" project which afterall from its very conception is a study, experiment, and proof-of-concept of how crypto assets can be made successful by players actually interested in advancing that goal...

Basically rather than hype, how about trying actually building something worthwhile?

-MarkM-

Agree