Hi, I stumbled by chance on this coin, spend an hour reading a bit of the history and theoctoparty.com and even watched those 2 youtube videos, but I still do not really get the point of the coin.
The user Octoparty seems to be very devoted to the cause and a nice guy, but what exactly makes this coin so special?
I am not trying to offend anyone, but to someone like me just stumbling upon it, it seems like only emotional attachment to the former versions are keeping this (somewhat) alive? What am I missing and why should anyone spend some BTC on this coin and not the hundreds of other alts?
Pretty much every altcoin out there has no practical real world application apart from speculation against BTC. The plan for OCTO is here(stole quote from OCTOPARTY on other forum)
'OCTO has two main focuses being planned. The first is token control access related marketing for Bitcoin merchants. The second is to build a Counterparty payment system for multiple Counterparty tokens, if not all, which will utilize OCTO or any other designated token as a fee generator.
The first project related to the merchant marketing is simply to find creative ways to use token control access for marketing purposes and to raise capital to fund the main project.
We are also using a specific website gaming model for the Counterparty payment system. So once even the working model for that is built, users will have a reason to use OCTO and a means to spend different Counterparty tokens to participate in the game on the website.'
At this point he is rebuilding from an abandoned community and trying to stay on Bittrex to get projects underway, I would say why invest in OCTO? The reason I would give is the entire process including the burn has been open and transparent, there has been no false promises made to pump n'dump the coin like so many I have invested in. For me its worth taking an informed risk on, but its a risk just like any other altcoin.