Post
Topic
Board Altcoin Discussion
Re: How we crypto-geeks get it wrong & the reality of altcoin success.
by
blockjoe
on 29/07/2014, 13:48:53 UTC
2014 is the year where the multipools and big farms have killed the fragile equilibrium between buyers and sellers of the alternates. I don't think that 99% of alternate owner want bitcoins; anyway multipools users, and a lot of big farms are only there for bitcoins. They are just there for massively dump everything they get, to get bitcoins, this game is only a short term strategy; after a few months of this game GPU mining don't even worth the electricity. We can just hope that these farms are doomed to close, with enough debts to stay out of cryptos.

We have also so many scams issues, lying in the software implementation for some (do you know a X11 POW coins that is really fair, without premined or equivalent implementation?), or coins with ICO scheme and, so on... Anyway the recovery will take months or years...