And so cometh the SilkCoin debacle that has plagued nearly EVERY altcoin since LTC.

Every person who "invests", or trades, or "develops" any of the altcoins basically live on a day-to-day basis with respect to news.  It's worse than the 24 hour news cycle on cable.  If there is no positive news or a post by a dev/creator, then its a "scamcoin" or "failcoin" or "shitcoin".

The entire industry is based on creating new and unique coins that purport to fill a niche in the market, that will magically someday become a currency, like BTC, but IMO, the entire altcoin industry is really based on creating new coins with POTENTIAL unique features, pumping them, selling and trading thereby transferring BTC from the many who don't realize the cycle, to the few who do and have the wallets to profit on them.

Look at nearly EVERY altcoin, and you will see the cycle - announcement, wallet copied from another (that was copied from the original BTC), maybe an IPO where some monied people get in large, listing on an exchange where the monied IPO people sellout during the initial euphoria, a period of decline with occasional pumps-and-dumps by the knowledgeable, then slow decline into oblivion as positive dev news just isn't fast or significant enough. Then there are the FUD posts on the forums about scams/fails/shit-coin.  Hopefully CAIx will prove to be the exception, because JStuhlman has impeccable reputation in the industry. The Foundation Member post here, out of the blue, seems to be fitting the altcoin cycle.

Wishing the best for CAIx as I bought 0.3 BTC worth at the CAI IPO, but fearing the worse.