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makes a lot of sense ^
If we continue at this speed of releases each week, something has gotta give.
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Hi all,
I wanted to get some opinions on the current landscape of the crypto world on a a few things and see what people think about where we are right now.
For me personally, after getting back in to crypto say about 8-9 months back, I have never seen anything like what we are witnessing right now in terms of the speed in which new coins are being released. Fundamentally I don't think its a bad thing, but I think that its going to leave newer people feeling very alienated and confused in their understand of what cryptocurrencies do and are.
I know that a lot of the veterans feel that a lot of the newer coins, especially the meme coins are a complete waste of time - as someone who got involved on pretty much Day 1 with DOGE, I can see the benefits it has had to the wider community and non-crypto people and I really applaud it.
Although i've been doing this a while, It's getting to a point now where I feel confused as to where to allocate time/resource/attention with all these new coins being released. There are obviously lots of opportunities to make money and I did REALLY well with DOGE, but with all these new coins coming out, by estimate about TWO a day now, what am I supposed to think about the future of crypto and what the objectives of all these new devs are?
The truth of the matter is, these coins need to have something unique to their predecessors and provide some sort of utility. I don't understand how with over 109 markets available on cryptsy for example, I am able to make an informed decision on anything right now and feel kind of lost. I could always stay in the mind set of just Bitcoin, Litecoin, and strictly one or two other alts. But lets face it, being there on day 1 of a coin and getting to mine some serious numbers to then see that coin hit an exchange, its exciting. But it seems like these exchanges and listing sites no longer have any sort of barrier to entry, and that scares me for the future of the scene. For example, cryptsy literally adds _anything_ and its profit motivated, and I understand, but what is that ultiamtely going to do to Crypto ?
If I'm honest, I don't have ONE particular opinion or school of thought as far as all of this stuff goes right now. I do have my own investing strategies and view altcoins as a vehicle to further my wealth and create something from nothing with. I just feel like there are a lot of people out there who think they can go and create a dollar value out of a nothing coin thats either premined, instamined by them or something to that affect and then make out like a bandit and abandon their projects because their objective all along was to cash out in the quickest time possible, not to add any real value to the community.
FYI - this is not directed at any ONE coin, this is just an overall observation.
Be interested to get some feedback and thoughts
Thanks
Sev
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reserved to watch the lawsuit unfold
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they are selling for about $7.50 on cryptsy right now per UNO =)
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I notice the lead dev who started UNO has not logged in since Nov 28 and there has not been any activity on the GIT project since 2 months ... should this be alarming?
Is there any development activity on this coin?
I noticed this too, that's why I sent an inquiry to someone yesteday. He said that the developer is taking a break. I hate to say this...it might be premature, but if the developers don't return and re-engage with the UNO community, it might be time to start thinking about finding competent developers willing to fork UNO, and continue development the coin. I'd definitely be willing to contribute towards a bounty for this end. The current UNO website does not look good at all. Perhaps someone could create a new UNO website that looks modern. If we continue to get no response from the developers, we may just have to do it ourselves. I am a good Drupal developer, but I have very little free time, but if the need arises, I could probably develop a good looking website for us in a relatively short time. Perhaps we as a community need to start thinking along these lines. I am pro in MS Paint ! |
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sell or dont sell, dev or no dev, the coin will continue to exist.
I've tried to hold my tongue on this as long as I can, but I can hold it no longer. I simply don't understand this "hands off/ignore my investors" approach. I experienced the same thing with Noirbits, and I ended up dumping all of my coins (at a slight profit). I understand that developing and maintaining a coin is a very high stress operation, and I understand that we as human beings need time to recover and decompress. What I don't understand is creating a coin, creating a forum for that coin, and then leaving dozens of questions on that forum unanswered. I don't care about mind games, psychology, or "strategy"; it is about being a good businessman, and treating people with respect. If someone spends their hard earned money investing in your coin, show them some respect, and respond to them...period. I understand that the developers are very busy: cut out 15 minutes of your day EVERY day to answer a couple of questions. If you feel scared that you will get bogged down answering a steady stream of dumb questions, then start at least start a blog. That is what the developers of Cryptogenic Bullion do here: https://cryptogenicbullion.org/#blogI am a business administration major, and ignoring the people that invest in your business is not smart..in any sense. A blog posts every few days sends a powerful message to your investors that you care, and that you are still emotionally and mentally invested in the project. Imagine this scenario: a major hacking event involving Unobtanium occurs like what just happened to Dogecoin, and the devs are nowhere to be found. Unobtanium will drop to zero, and it will NEVER recover because why would anyone invest in a coin where developers don't seem to care about it. I have held my tongue and tried to give the developers a lot of slack, but I was THIS CLOSE to dumping this coin today because I saw both Protoshares and Cryptogenic Bullion rise because their developers are actually engaged. I sold my Protoshares to buy Unobtanium, and I now feel like a fool for doing so. I believe in UNO, but I personally feel like the developers are treating me and the other members of the UNO community like sh*t. I don't invest in a coin to play mind games with someone, I invest because I believe in their concept, and I believe that it will return value. Bitcoin is one of the most successful ventures of all time, and the Bitcoin developers DO NOT ignore their community. This proves decisively that you CAN engage your community AND make a profit. In a final defense of the lead developer, I contacted someone yesterday, and he told me that the lead developer has taken a break. I sympathize with needing a break to relieve stress, but I think that I and other members of the UNO community are starting to vent to relieve built up dissatisfaction. If you read this, I think that you should realize that you are not alone. There are people in this thread who have offered to help you... STOP IGNORING THEM. +1 - This isn't just an issue with UNO but a LOT of altcoins, and unfortunately they are just taking up space in an already competitive market. All of these coins are competing for a slice of the consumers money and attention, and when they get it, they fumble and we are left with scenarios like this. I started an unobtanium channel on freenode with k33k and we have seen ONE person pop in who reads this thread, its really such a shame that this community can't engage. I dumped some other coins to invest in a few hundred UNO and I can't understand at this point why ;/ To the gentleman above with your insanely ignorant sell or dont sell comment - I personally INVEST in crypto and use it as a vehicle to progress my wealth. You on the other hand may purchase something to ride it to ZERO, which it clearly sounds like you do. To the devs of UNO - you have a great thing here, dont squander it on being lazy thanks Sev |
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no idea but i've been watchign the price go insane to very unhappy this week and its making me cry slightly since ive been recommending this to friends to add to their portfolio. If management is gone -> im selling and so will they lol
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awesome, ty honeypot  |
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Hi Guys, I have Been watching the charts on CMC and its just going up and up and up and up every day. I bought a stackload yonks back but im just curious as to what the reason for the massive increase is right now?
Thanks
Sev
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we shall outcast him from the cryptoworld
bahammer
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this guy has 1 link karma on reddit btw...
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you were going to buy 200 CAT???
FTFY |
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geezus, someone sent him 2btc
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+1 above comment. It's not ideal to enter in to a new currency and invest both time and money in order to actually get the most basic functionality out of an altcoin.
I think the coin is great, dont deter people from getting involved =)
S
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Hi guys, is there any public forum for this such as IRC or any messageboards other than on bitcointalk to other unobtanium holders? let me know Thanks sevoque |
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ignore me, messed up the conf file somehow. sorted now |
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