It seems like a better thing to have than not have, in my opinion.

Nobody wants to admit it, because everyone wants to protect their assets. I was very enthusiastic when I first joined the cryptocurrency community. I got involved in a lot of promising coins. They all suffered the same fate. They rised, and then they crashed. Most altcoins aren't about innovation. They're about novelty. To make it seem like they're worth something. What's feeding a lot of these coins is the mindset that they will continue to go up in value. That's why coins with new features are so popular.

A lot of people also make the mistake in thinking coins that have died were inherently flawed, or had something wrong with them. In some cases, yes, but in most cases it's simply a matter of what I've explained above. Eventually the dumping begins, and the coin goes into a downward spiral. There are just way too many altcoins to support. People mine, dump and move on. The people who end up financially better off are the ones who know when to dump the coin and move on, while time and time again, I see people holding out hope that the price will go back up. So many bagholders, all caught in this disillusion that their currency will rise again. In 99% cases, they don't, and this is how people profit. They leave you holding the bag, while they're left holding the bitcoin.

I'm sorry if that sounds harsh, but that is the cold honest truth. Take it from someone who's seen it time and time again. Anyone who tells you otherwise either doesn't understand the way things work here, or is intentionally lying to you. Ever heard of penny stock scams? People will tell you the sky is green if it means they can make a profit from it. A collective group of bag holders, all telling one another their worthless currency is worth something, while others swoop in, mine those coins, and dump them.

That said, there are a small, and I mean very small selection of coins that may have future value. If your coin is less than a couple of months old, then it's 99% unlikely to be that coin. Any coin that can last six months, or a year, and still be left standing has value. Most new coins die. That's a fact. There are more and more coins, further and further diluting the market. Further stretching the bitcoin support across them. They're just penny stocks. The money will always be in bitcoin, or perhaps the top handful of coins beneath it in terms of market share. Everything else is temporary.

99.9% of users of altcoins only care about one thing; Bitcoin.

That's why most alts fail. It doesn't matter how innovative the coin is, if it gains in value, there's enough people to drive it to the ground. It happens time and time again.

If you wanted a coin to have any long term value, you'd keep it off exchanges, and focus entirely on building infrastructure to use the coin directly for purchasing goods and services.

Looking at the state of the "company building", a strong gale would probably knock it down. For a company that's taken so much money to have what amounts to a grubby little corner shop just speaks volumes.

Either they'll admit that they can't produce the units, and let the shitstorm commence, or judging by the way they behave, come up with some elaborate BS as to why the units are going to be delayed for a few more months. I'm willing to bet it's the latter.

At this stage, I'm expecting them to string people along as much as possible, until it's too late for them to get refunds, or to form an angry mob. The stone walling, the cryptic responses, and the lack of any sort of defence all adds up. Personally, if it were me, I'd be cutting my losses. But that's just my opinion of the situation. I was sceptical from the start.

Invest it all in IPOs and altcoins.

lel

Well that's it, really, isn't it? It sounds like a great investment, but have any companies actually pledged to use it? Do many companies even know about it?

It doesn't matter one iota that there's a lot of investor interest if there's next to no business interest.

Glad to see someone is defending against the fud of bad market speculators.

Where do the units ship from? That determines which laws they fall under, right?

Well, I don't know about the US law, but in the UK, under the sales & goods act, the product has to be fit for purpose. If it breaks because it's a piece of badly made garbage, then the product does not meet your expectations, and is therefore covered under that condition. If the product specifications do not match what's been advertised, again, same principle applies.

You're right in that responsibility ends at that point, and that you can't really claim for damages caused as a result of the product not being fit for purpose, but the seller is entirely responsible for product doing what is expected of it.

But if it contradicts consumer law, then the contract isn't valid. That's like saying you can commit a criminal act just because a contract says you can. It's erroneous. Their legal team blurb is nonsense. You take their T&Cs to a real lawyer and they'll tear it apart.

Which is exactly what I expect to happen now. I think this is why they're not bothering to defend themselves any more here. The writing is on the wall. They want to ensure as little fuss as possible when they drop the bomb.

Just don't be one of those people who doesn't see the writing on the wall, here.

I like it. If I'm being completely honest though, I don't like the "PREMINE" font at all. The rest looks great, though. It's just that the font doesn't really fit in with everything else.

Time and time again on these forums, people choose to ignore the signs and instead rely on hope. Burying your head in the sand isn't going to make things any better.

Personally, I don't think Alpha-T set out to scam anyone, I just think they've gotten in way over their heads, and with the refunds, chargebacks, and so on, they can't actually afford to meet the deadlines they've promised. I think they're way behind. But hey, that's just my gut instinct. At best they're behind. At worst they've already given up.

I would be amazed if they started shipping by the end of the month. In fact I fully expect an announcement of some technical blah about delays at some point.

Their T&Cs are horrendous, and I question the legality of a lot of it.

No.

The coin is still broken, even after all this time they said it would be fixed. I regret ever buying them.

Seems legit.

For such an active community coin, it's seems a little odd that it's not really on any exchanges. Not that I can see in the OP, anyway. Cryptokopen isn't really an exchange in the conventional sense.

So it's inflationary, but predictable.

The last people to pay in pay the people the above them, until there are an unsustainable amount of people to pay, and so the final payers are left holding the bag.

It's a form of gambling.