If a coin value goes up on hype, it will go down on the absence of hype.

Any attempt at arriving at a rational valuation is futile on these threads because of the amount of empty hysteria that goes on as the valuation rises.

Trolling is one thing but making genuine challenges to the valuation basis and/or enquiries as to the unique properties that might justify a long term investment are another. What I get when I do that (apart from "once you go Black... ) is:

[1] - it's POS

[2] - it's supported by multi-pools

[3] - it's going to be heavily promoted

That's it. So then I get my calculator out and determine the "hype-free" valuation in 3 months time against a background of this coin being "yesterday's tee-shirt" and it doesn't square with some of the dizzy price tags being conjured up in some posts.

Actually I have. I've seen this movie more times than I care to mention but don't let me spoil the party.

You just keep up the hysteria and leave the cynicism to me. Maybe we'll meet in the middle at some semblance of reality.

Pulled the wall once sufficient liquidity had emerged for him to cash out.

Standard procedure.

That's someone cashing out, not in.

Thanks for commentary !

Will digest what you said.

All these things were said about Peercoin.

Proof of stake has been around for donkeys. That's not what's giving this coin value. What's giving it value is the cannibalistic use of weaker POW coins as firewood to keep it alive.

Jeez.

I'm glad your excited about the coin but I think I know who's going to be doing the "learning"

I'm all ears.

What's different about it ?

(You don't need to explain POW/POS and multipools - I already know all about that. "Great community" = every coin has that).

If you can convince me I'll hold my BC, which amounts to about 1 BTC's worth right now for longer term. I'm not here to troll, I've just seen this hype so many times before.

Touché.

Multipools are not innovation. They are life support.

Full disclosure - I am long some Blackcoin. But some of the claims on here are delusional.

If you think that BC's going anywhere near LTC you're crazy. LTC has a massive history behind it plus mainstream Chinese exchange adoption which took it a couple of years. We are now living in a different age. New coins appear every DAY. There is no "first mover" advantage to be had here. Any coin which gets launched in the same 3 month window can be considered a "first mover". Doge's "first mover" advantage is taking it on an express trip to zero satoshis because once the speculative value is wrung out of it, there's no functional value left.

Just saying - don't be surprised when BC tops out at a few hundred more SATs and that's it done. It's already doing pretty impressively for a coin that draws the bulk of its value from an overtly hostile marketing strategy.

Well expect company then.

As soon as this formula is seen to work there'll be about 50 brand new multipool assisted "POS" brands on the market and BC will be yesterday's t-shirt.

10% more than Peercoin with 4 times the coin supply ?

Dream on.

This formula is copyable in a week.

You seem to have an unbelievably myopic view of the cryptocoin economy.

If "everyone on this forum" is all there is in terms of market then we're all in trouble. There are literally thousands of investors in NXT. A few people make a lot of noise on forums about their pet grievances but that only lasts as long as they stay out of the market. Half of those are quietly hedging their bets and then STFU as soon as the price starts going walkabout in a direction they didn't expect.

It's all fud and bluster. V8x8d is right - "the average joe cares little about the IPO and only about functionality". If any of these technologies every get out into the "real world" it won't be 8-hour a day bitcointalk posters that will be investing in them.

What makes you think this isn't happening ? Everything about this coin has been notable by the timely arrival of scheduled features and significant events.

The asset exchange is already in beta after only a few months. Why exactly is there a need for any "restoration of faith" ?

I'm saying we're not handing out chocolates at a party and the people that think this is going to be a major investment criteria (i.e. something that will 'benefit' NEM over NXT) are deluded.

There are millions of companies around the world where the founder retains a 51% share for decades. The dynamics of ownership demographcs can go in both directions, up down and sideways. Have 3000 stakeholders if it makes you feel better. Have 30,000 or 300,000 (like Auroracoin) for all I care. It's not going to matter a jot to investors 2 years down the line any more than it matters to someone who just bought 2 shares in Apple for the last $1000 of their life's savings.

I don't think you've the slightest clue about what you're talking about.

Keep dreaming.

You talk as if the NEM market will exist in isolation just because it's 'well distributed'. For a start, it isn't well distributed. There are 7 billion people in the world and 3000 of them are going to be stakeholders. You've just picked a totally arbitrary number to decide what is "good distribution" and what isn't. These markets are a golfish bowl floating in an Ocean the size of the Atlantic when you place them in a global context. The biggest market cap any of them can hope for in the short term is a few tens of millions which is loose change down the back of the couch to many interested parties that might take the inclination to scoop up half the money supply for their daughter's wedding present.

You don't need to be an "original stakeholder" to be able to manipulate a market. In fact it probably helps if you aren't because then you've got nothing to loose.

Ownership demographics are not what is going to make or break any of these enterprises. Simple supply and demand is - if they supply something that people need then the value will be supported.

When was the last time you went into Starbucks and did a double-take when you got to the cash till..." hey, I've decided I don't want this coffee, the stock in this company is badly distributed which may lead to market manipulation".  

I don't agree with you at all.

I watched a few of his interviews and read around what he's trying to do. I think his grasp on the technology, economics and philosophy of cryptocurrencies is incredible for his age. He's also made a lot of absolutely astute observations about where the whole technology is going and has a rock solid vision about how it should be shaped.

Just to take one solitary example of the top of my head - it will change the whole definition of an 'alt coin' for a start. Gone will be all the arguments about algos, source code, protecting networks with hashpower and so forth. An alt coin will just simply be a currency definition on the etherium network - protected by the full hashing power of even those nodes that have nothing to do with that alt coin.

I think you need to go back and review whatever appraisal you made that lead to such a clueless remark. Yes, its a big challenge, but it's the right approach.

One of the problems NEM is going to have is that it's going to be sandwiched in between NXT and Etherium when it launches.

NXT and Etherium are in some ways complimentary in the sense that NXT has "out of the box" features that get up and running quickly whereas Etherium will have a rich "Javascript for Blockchains" type language which will be used for advanced contract based transactions.

By that time, NXT might just have enough traction to carve itself a market presence alongside all the hype and bluster that Etherium will bring. NEM will get launched into the shadow of Etherium - a massivly more advanced technology than anything that has gone before and NXT which will have had nearly a year's worth of smoothing out bugs, gaining brand recognition and capturing new business (hopefully).

I actually don't give a sh*t about the distribution aspect. It's something that people bring up but is getting less relevant all the time. NEM will end up just as badly distributed make no mistake because people with a lot of money who want a lot will buy a lot and others will be only to happy to sell it to them. NXT is actually already spreading out. Have a look at these infographics stats http://nxtcoin.blogspot.com.es/search/label/Infographics

As for big holders cashing out and sending the price "to zero", don't kid yourselves. There isn't a stock in the world that doesn't have big holders. Whether it goes to zero is to do with the viability of the investment, not the size of people's holdings. Big holders already cash out of NXT on a regular basis. They also cash "in". Just last night someone bought 1.5 million NXT in the period of about 2 hours.

Buy what you think is a good technology and stop worrying about what everybody else has. Investments are not a democracy.