Post
Topic
Board Announcements (Altcoins)
Re: Pandacoin (PND) - 4 days til POS [Multipool | NO PREMINE | NO IPO | Scrypt | KGW]
by
barryzand
on 18/05/2014, 09:38:00 UTC
I like the name but I'm getting sick of coins with ridiculous max amounts (over 10B)

It is these coins with a "ridiculous max amounts" that actually have serious plans to be widely used as a form of currency in the future, instead of being another 'alt-commodity' like bitcoin. Just think of most fiat currencies and see how much of it is in circulation. You don't see only 21 million USD being circulated and used worldwide do you?

I wonder if people later on when crypto is more mainstream and accepted by the majority of the populatoin, if they would psychologically prefer to pay 0.000309 of X cryptocurrency or 1.29 of Y cryptocurrency for a can of coke, or get paid a weekly wage of .309 of X cryptocurrency or 1290 of Y cryptocurrency.

Think about the above for a second, and have a read of the dev's official vision statement of the direction that they want to take the coin. Pandacoin (PND) has the fundamentals to be a serious contender to be THE gateway crypto for the internet, over in SE Asia, and even large parts of the Western market.

Think of what we're seeing now in the current alt-coin space as a dot-com bubble similar to what happened in the late 1990's. When the bubble crashes, the survivors will become the equivalent of the Googles, Ebays and Amazons of the future alt-coin space.

I personally predict that much of the coins that DO NOT have a 'ridiculous max amounts' will die off during the equivalent of the next 'alt-coin' crash. When you have a small coin cap, the coin is automatically grouped with Bitcoin. Most simply can not replace bitcoin, which have the first movers advantage, adoption and is still having infrastructure added towards their ecosystem.


Long story short - If a coin does not have a high coin cap, they are not a serious contender to be used as a form of currency at all, and shall die off in the next alt-coin crash, similar to the dot.com crash of the late 1990's. Pandacoin PND has all the fundamentals to be one of the survivors of that inevitable alt-coin crash, and has the inherent qualities which could make it function as a unit of exchange (definition of a currency) in the future.




Couldnt have said it any better myself  Cool

Hopefully the day will come, when i can buy drinks/food with my PND.. Or even visit a zoo too see some pandas  Smiley