The slightly mysterious aspect of this coin for me is the ambiguous relationship with the Alibaba network.

In particular, this remark:


In my opinion this is potentially one of the biggest - if not the single biggest - break from hitherto attempts at mainstream adoption by crypto projects,.

The problem with that remark though is that it's designed as a tease. It doesn't tell you anything useful. It could mean anything from "we've compiled a list of email addresses in Alibaba and we're going to spam them with info" to "we have conditional contracts to deploy Bitbay denominated markets under the Alibaba brand".

The encouraging aspects for investing are that the project team appears to have its centre of gravity predominantly located on the Asian side of the globe. There are also quite a lot of potential adopters over there as it happens (see last December Bitcoin explosion). To put things in perspective, Alibaba's annual operating income is about $4 Billion dollars - the same as Lockhead Martin who build nuclear weapons system amongst other things. (24800,000,000 Chinese Yuan). Also, they are a *specifically* eCommerce, business-to-business and business-to-consumer retail group. That puts them squarely in the target zone for crypto adoption which is why it doesn't surprise me that a project like this has emerged which combines both the technology (specific types of smart contracts) and a specific third party to address this market.

There's one hell of a gaping gap between those two pegged ends of the scale though and I hope something more developed than spamming a "contact list" is on the cards. Otherwise this will end up as another Blackcoin in no time.