The last four months that I have been on this forum have been a whirlwind of trading and going insane with crypto currencies. It seems I am probably Cryptsy's biggest money generator.
It has been nuts as I have watched a seemingly endless line of crypto currency be announced, mined, dumped, pumped and redumped.
I just opened Crypto-market cap again for the 10000th time
http://coinmarketcap.com/I sorted by market cap and something really hit me. It wasn't that there are now 102 coins on the site and a few months ago there were far less. What blew me away is how pathetically worthless most of the coins on the list are. It is GAME OVER and most communities don't know it. So many of these coins of lost hope have been 10 times higher in the last four months alone. So many were "major coins" at one point and now are worth absolutely nothing and will never be worthy anything EVER.
Megacoin, oh what happened to your 50 million cap!?!?!? Quark the darling of crypto-future a shell of what you once were and dropping like a pre-mined rock. Primecoin!!! oh the great primecoin going nowhere since forever.... Feathercoin oh the humanity!!!, pumped from the cellar to a pathetic 8 million. Ripple, dear God Ripple and its pathetic, pathetic, 73k in volume!!!!!! insert me laughing for an hour, pathetic, pathetic, pathetic.
And yet each has their own straggling communities of desperate hope and lost dignity. These walking-dead communities actually still believe that they will rise to be Bitcoin or even just a small piece of Bitcoin. IT WILL NEVER HAPPPEN. You won't be Bitcoin and what is worse for you is that you won't even be Dogecoin
Watching Kittehcoin try to have any community on Reddit in the face of Dogecoin's tens of thousands is worth a laugh and then a cry.
I wish there was a virtual executioner that would purge the world of these dead coins that only bring shame to their followers.
Good God Franko, Mooncoin, anoncoin, copperlark, RonPaulCoin!!!! i feel guilty just reading your names next to your tiny little market caps. I hope you all just disappear quietly into the virtual night.
I can understand your frustrations, Johnny, but the core fundamentals that governs the cryptosphere - decentralization, absence of trust, choice and anonymity - should be left to handle this on its own. Market forces will react and adjust accordingly to correct any structural imbalances in the ecosystem.
Enforcing the opinion/s of a segment of the market participants on the economy, with the intention of shaping and even governing the market, runs contrary to the ideals of you, me and Boo.
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