Should MIN investors be worried about LOL coin? Not here to FUD, just trying to get more info from the community, being that i have a sizable investment in MIN.
Seems like LOL coin may be more intriguing to the non-crypto educated gamer or investor at the present moment. LOL is such a popular game for one and now League coin has implemented SCII betting as well. It's not part of the wallet, but non-crypto folks probably won't care about that. The 20% interest for LOL coin is far too much inflation imo, but there are far less coins from the POW stage as well (2.4million), which may offset the inflationary aspect in the short term.
Just wanted to get some comments from you guys on this. What do ya think?
Peace
My observation with LOL is first the name. They tied it to a very popular game. Nothing wrong with that if you are catering only to the LOL gamers. When you start to use that for other games, it may become confusing to non-LOL gamers, in my opinion only. Mineralscoin does not have that handicap.
I do not want to criticize LoL but I feel they really made a minor mistake choosing this name. The problem will be when that name will clash with rival game like Dota. I wouldnt support something with my competitor tag on it (basically there is no way in this universe for dota officials to recognize LoL coin). This is still a minor issue with only very long term consequences.
It also have its short-term upside because of the initial name association - and it is understandable - to get fast headstart and quick profit - use some brand that already developed instead of developing new one.
Still for now when none of coins get popularity outside BTC it really does not matter how to be called.
I couldn't agree more that the name is limiting in the audience they can capture. BUT, will people think the same of Minerals being that it is somewhat tied to SCII? Apologies if I sound harsh, I just believe it's healthy to discuss these ideas while it's still early in the game, so to speak.
I wouldn't be asking if I didn't support the MIN team. Thanks for your thoughts MIN PR!