Yet who is going to spend BTC at Dell or Overstock if they already have $Fiat?

Seems plausible that all these sales are being driven by Bitcoin whales and professional miners who are dumping.  You  have to wait until these Bitcoin whales / miners run out of BTC so the price can recover.

It could very well take years for Bitcoin to go back to $1000 (due to all the overnight millionaires created overnight who'll need to be liquidated) but then Bitcoin isn't the only game in town, it could be replaced by an alternate in those years of recovery.

Bitcoin has whales who are dumping for luxury vehicles and computer hardware; then the miners who are also dumping 80% of what they mine to pay for overhead and other expenses.

This is compared to most alternates where there is no downward pressure except for the coins with whales who are cashing out.

It's going to dip to $300 and even less.  If I were you, I would cut my losses and sell.

It's fine to periodically make a thread about Monero but spamming about it everyday?  Come on..  that's information overload and it's going to scare away people from even considering your coin.

Almost all of these older coins are $hitcoins, some of them more $hit than others and some have more functionality but it doesn't detract from the fact that they're forks of Bitcoin with superficial cosmetic or mechanical changes.

very nice gif, could explain what is happening with NODE.  Developers aren't really communicating and how long does it really take to translate a white paper. 

Satoshi's blockchain invention is more important than actual Bitcoin itself.  Decentralization of programming and decentralizing servers = cost saving mechanism.

True Bitcoin's cost saving mechanism is like $680 million a year but I think this can be tweaked to made cheaper.  Alternatively, especially for larger companies like IBM, $680 million might still be cheaper than their current operating expenses.  IBM has an operating expense in the tens of billions and blockchain technology from Bitcoin or Ethereum can likely drive that number down.

I'm not entirely convinced by this hypothesis.  If mining were to end then Bitcoin would likely enter into a velocity crisis, as people would hoard it to the grave, and this would destroy confidence in Bitcoin by the general public

I'm not familiar with any of these examples.  Maybe some could had happened in 2012 or 2013 but I wasn't really around.  NEM was the first time I saw anyone attempt that sort of distribution and they had 3000 send in funds (most of them being rather trivial, like under $20.  This is compared to most alternates where you are pressured to invest at least 1 BTC to get any decent amount).

Roger Ver was not in the initial distribution but he bought in at $1 and he still has 100,000 BTC (he was able to buy this due to already being a quasi $Fiat millionaire at the time due to his computer company).


Theoretically, with the exception of lost or forgotten wallets, it is presumed at some time that most of the initial wallets of Bitcoin or any alternate will cash out for $Fiat (especially if the holder is stuck in a McJob or in some uninspiring middle class grind existence).

but there will always be whales like Roger Ver, who already have enough $Fiat in the bank, who'll hold to the grave like many world billionaires already do.


 

Something issued to everybody is not fair in the long run, this is called an air drop and the end result is all the money flows to a few swindlers.   When you make something near worthless - people will give it up within a heart beat and this what results to concentration in an air drop.

 Eastern Europe had an air drop in the 1990s called the privitization vouchers (which the masses traded up for vodka and snickers - true story) and the end result was that a few Oligarchs got immensely wealthy at the expense of everybody else.   Digital currencies saw their own version of an air drop called Aurora and the country coins and people lost fortunes and a few people got rich overnight.



PoW is never fair because it has technological, technical and $capital requirements.   PoW is essentially a private IPO which in almost every coin results in whales due to instamining.


The fairest distribution in crypto history has been NEM.  True 7 billion people missed out on it (giving coins to that many is an air drop, see above).   The difference about NEM is that in a distribution of that scale there is no nepotism or cronyism - any stranger that was active in January-February of 2014 had a good shot of getting in as it was widely publicized at the time and the buy in cost was superficial.  I don't know any of the NEM developers on a first name basis or anything of that sort, but yet me (as a stranger) was able to get in.  This is compared to the typical alternate which has a distribution under 50 and you have to wonder how many of them are connected to the developers (friends?  relatives?  acquaintances?).

Was NEM 'fair' to people who missed the distribution period?  Well it is more like "inconvenienced" than 'unfair'.  That being said, NEM's distribution was not intended to be a planetary relief scheme but to prevent whales that we see in virtually 99% of alternates (whale to me is something who controls at least 2% of a coin or more).

Walk in the park?  We already have them disappear for days at a time without any warning!  Maybe they're spending all the BTC at nightclubs in Kiev?   

How come the capitalization isn't going up?  There is no demand for NODE?  

Skillroad developer sent messages asking to sell 100+ million NODE for cheap.  

Bank #51?  Lol

BTW what good is a bank adopting a crypto?  Sounds like a downward pressure on the price, they'll just firesell and firebuy for $Fiat.

Big development team and yet we only ever heard from like two of them and now they're AWOL.

Did the developers abandon NODE?   

I could have as much as 50 or 60 years of life to go and time is on my side, so I am hodling NEM and other cryptos.  

  I think crypto currencies could someday be a $trillion market since Dot.com was $7 trillion in the late 1990s, investment gold is around $2 trillion and there's several $trillion dollar markets / industries out there.  

You don't even necessarily need to be holding onto a front runner, even coin #5 in a $trillion market could have a capitalization in the tens of billions.  It would be nice if NEM was the front runner but I'ld just as satisfied if it is coin #2-#4 and it's going for $10-$200 a NEM in a crypto market worth $trillions (1t-7t)

Has the NODE team attempted to contact any private funds or angel tech investors in Eastern Europe?  IIRC - you have close to 40% or wasn't it 50% of NODE?

Don't sell yourself out for too little - maybe you can get $millions and marketing help / connections in return for only giving up as little 5% or less?  Some alternate coins were able to get $millions and did not have to give up much.  3%-5% of NODE (AFAIK) is more than what any individual has.

There's a 15% promotion fund.  Promotion is key so I hope the development team takes this into consideration and/or readers keep this idea fresh.  NODE developers should try to feel more ambitious, maybe they're sitting on the next Yandex.

  How much can the development team put aside for a give away on VK / Vkontakte?  

Chinese money is great but it's not everything (and what stops them from moving onto a newer coin?  It happened to past coins).

I think Eastern Europe, where the NODE team is located, is where NODE's true potential for user adoption and long term holding power is.

Case study:  Yandex and VK are bigger than Google and Facebook respectively in geographic Eastern Europe (and Yandex and VK are worth billions, no?).

Bitcoin usage is so low in Eastern Europe that is it a very achievable goal to surpass them in usage within Eastern Europe.  You say impossible?  NOT.   It's a guesstimate but I would be surprised if Bitcoin is even $50 million capitalization in Eastern Europe just due to how underutilized it is over there.  

  For the same reason why Yandex and VK surpassed their American counterparts in Eastern Europe, maybe NODE can surpass BTC in EE?  Eastern Europeans just patronize their own tech startups.
 
Maybe Bitcoin has NSA backdoor - NODE in contrast is not 'compromised'.  

I know Stellar did this Facebook give away but I think it looked very cheap / dirty when it was revealed that it was being spammed by people in India who were giving up their $10 stake in Stellar for $5 to westerners.


I would say NODE just ignore Facebook period and keep to VK / Vkontakte and only give away to profiles registered in Eastern Europe

(to obvious locals.  Too many people residing in America or Asia with faked locations on VK looking for Slavic whores brides and prostitute penpals.  You want to distribute this give away to actual Eastern Europeans).

http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

mgwBTC is the largest on coinmarketcap