You know what makes me really angry?
I've been wrecking myself doing fund raisers and pitching in iXcoins myself and all along some rich a-hole (or a hedge fund or bank) with millions of iXcoins has been sitting around just laughing at us.
It makes you also really wonder why someone with millions of IXC never bothered to update the client or the source code.
2 years it was left neglected. It definitely wasn't a lack of money.
It's as if they purposely wanted to let IXC run that long without any interference of any sort.
Almost like someone wanted to test the root source code and prove its stability before doing any updates.
Maybe that's why our 2 week update took 5 months.
Thomas, you sumbitch, come clean, I'm sick of your games!!!
"Even if all of the individuals in a large group are rational and self-interested, and would gain if, as a group, they acted to achieve their common interest or objective, they will still not voluntarily act to achieve that common or group interest." -The Logic of Collective Action
"If the members of a group rationally seek to maximize their personal welfare, they will not act to advance their common or group objectives unless there is coercion to force them to do so, or unless some separate incentive, distinct from the achievement of the common or group interest, is offered to the members of the group individually on the condition that they help bear the costs or burdens involved in the achievement of the group objectives. Nor will such large groups form organizations to further their common goals in the absence of the coercion or the separate incentives just mentioned. These points hold true even when there is unanimous agreement in a group about the common good and the methods of achieving it."
The only logical answer would be the cost of updating the client or the source code (in terms of time and money spent without ensured return of investment) outweighed just holding the coins and hoping for the best. Getting all of these coins could have also just been a game to this person as it stands to reason that if they were/are already rich in the first place buying/mining coins that you can hold on to in case they grow in profit would only cost an initial amount of money (that one who is rich could afford to lose). In this way lack of genuine concern for the coin could be a possibility, especially if I imagine someone with exorbitant funds. They would probably invest in as many coins as possible (i.e. your diversify proposal), and so if one coin fails there are many others to hope to make profit off of.