Quote from: swainzag on July 29, 2014, 05:56:26 PM

I'll say up front I haven't read the whole thread.

Here is my problem with 99% of new altcoins. They are just ideas. Someone has a big idea, makes a coin, gets it on an exchange as quick as possible and most of the time the coin pumps and dumps and dies. In my opinion for an alt coin right now to succeed a lot work must be done before it's announced and mined. Software must be developed, games/casino/etc up the minute the coin launches, debit/credit cards with coins available right away, the blockchain and all wallets pre-made, etc.

So many coins come out with nothing but a plan, gets some coins, makes some BTC and decided it's too much work to actually do what was purposed or never planned on doing it anyways.

You're absolutely right. Strangely, this scene is a lot like Internet Marketing. A guide on "How I Got Rick Quick And How You Can Too" sells like hotcakes. The favourite methods are "sniper" sales Websites which have a short shelf life because they essentially rely on a cunning trick - typically, fooling Google into giving them a page-1 ranking - which lasts only as long as Google's anti-spam team finds out about it and the big G updates their algo to make the trick obsolete.

There's very few people who are interested in putting in the heavy lifting and long-term legwork to make a solid business. Advice along that line is really unpopular, even if it comes from a fully established Internet Marketer who pulls in six figures per year.