Quote from: NUFCrichard on January 08, 2014, 12:16:48 PM

... Please stop making coins. I look on this forum almst every day, but I don't recognise lots of the coins. It is beyond a joke now. Please stop.

A central premise of a major faction of the cryptocoin community is that cryptocoins are so decentralized that the forces of darkness can never get their chains around it. But we can already see that premise deteriorating with BTC, specifically, and SHA-256 mining in general. One force keeping these things as "honest" as they are is the myriad of other coins and algorithms waiting to step into the void of the demise of the former.

On the most general level the cryptocoin movement has spread the entire concept of monetary freedom and competition on an enormous scale. That's the genie that's going to be most difficult to put back in the cage. The fact that this resulting blizzard of coins is difficult for us to understand personally, makes it also difficult for the evil ones as well.

Imagine a system whereby a handful of unaccountable government institutions ran all food production and distribution. Nobody grows a garden and only food-launderers and terrorists build farms. The managers of this system eat well, but there's an amazing scarcity for everybody else. Why is money any different? Cryptocoins give us a way out of this pigsty. We need more farms, and farmers, and people who know how to manage the farming enterprise, not fewer, IMHO.

It is indisputable that a proliferation of coins is occurring. The ease of entry ensures that many more will spring to life. The community will grow and adapt and learn how to deal with whatever issues arise. Don't you think it would be better to learn to deal with these issues than to just try to stop the tide?

ndrmutz

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