IPO and instamine scams are bad. But YAC is going to the opposite extreme.
You may be right. The beauty of the free market is that not one person is smarter than the voluntary interactions of the many. I think the price at this point has reflected that YAC has gone to the opposite extreme, but I don't think it will be so in the future. There are other factors that can affect the price, hash rate, volume. There are a lot of scenarios and opportunities that could be very beneficial for YAC.
It's highly doubtful that cryptocoins in its current form will be still in fashion in 5-10 years.
All cryptocoins will be dead in 5-10 years? What would be the point of hard forking a coin again?
YAC will suffer from great and nearly constant sell pressure throughout It's current life, and should not be treated as a credible currency.
I remember a time when a lot of friends would just buy stock in Google. It was a seemingly no-risk investment that was guaranteed to go up. One would say there was constant buy pressure. There seemed to be an obvious trend. And well, it turned out you can't just look at a trend and predict the future that easily. I was buying up tons of LiteCoin until I got frustrated and sold 13,000 at $1.60. One week later, the price had skyrocketed to $48. There was constant sell pressure I swear... until the Chinese came in. It still definitely makes me sick to think how much I could have made, but that is speculation for you.
It will basically be an interesting POW algorithm experiment and a tool for speculation.
That sounds good in a way. It also sounds exactly.like.bitcoin.