Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
rpietila
on 01/09/2014, 09:49:00 UTC
It is network effect now, and also after 1 year from now. TV ads could just blow air to the bubble, and there is no need for them if the coin is solid.

Actually I've been thinking what was the reason that Monero has garnered the support from such many "powerful voluntaryists". This sounds cynical, but I believe a great reason is that with every other coin, the devs are in control, and the investors have to submit. With Monero, the devs collectively hold only the amount that keeps them interested now, and makes them rich in the future, but do not hold sway.

We as rich people know how to develop an ecosystem. With every other coin, really, the incentive is not there. Buying tokens from a pimple-faced IPOist, no thank you. But Monero - buy as many as you want from liquid, open markets. Then go on to make services. Freedom. I appreciate.

I am very satisfied that I found Monero (read: it was introduced to me by several people) early on to have the time to evaluate it, accumulate it, and see that my initial calculation that all my friends would likewise to be interested in it holds. Long term is it still very much of a buy, if you have seen all the development, especially the lining up of the people mentioned. You may think that they may come and go, but I know that they are in with 0.1%-10% of their stash, which is so small that they don't care to sell unless they decide it is over with Monero. It is also so small that they can buy the current market cap several times over if they get more interested (and this is what I am seeing).

Surely other type of people find some other coin more suitable to their needs. But this time that Monero has existed, has seen a slaughtering of many alts, and Monero has just prospered.

I believe I have chosen wisely. Not only when buying bitcoins at $3 but also with buying moneros at the same price.