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Author Topic: have attained insider information and leaked-prominent bilionaire releasing alt  (Read 1938 times)
toknormal
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March 10, 2014, 10:33:56 AM
 #21

Wrong. There would be publicity behind it - not to mention they would be able to afford good dev support to help build an awesome and long lasting coin. This should be a big deal

Celebrity sponsored cryptocurrencies are a gimmick.

Yes - they will get a lot of publicity, but then die a quick death. This is the history of the web. It's kind of like 'corporate-sponsored email', i.e. about as popular an idea as a private road. Instead of following the public highway from Paris to Berlin, people would take the "Donald Trump express" cos it has his name on it.

Except that, the Donald Trump express has no filling stations, restaurants, maintenance trucks or breakdown services on the way. That's the Bitcoin infrastructure that you don't get (and will never get) with any alt coin.

Celebrity backed "coins" are second class merchandise in the cryptocurrency world and half of the market won't touch them for this reason.
FreeTrade
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March 10, 2014, 11:09:39 AM
 #22

Centralized cryptocurrencies do exist and let me tell you WHY they succeed.

1. Joe Shmoe builds ShmoeCoin and launches it. Everyone and their second cousin starts mining the coin. Joe Shmoe can't afford good dev help or support for his miners/investors. The coin dies in a burning flaming hell.

2. Tonald Drump, a well known celebrity, creates a high quality coin he is backing with his own money. It has a good dev support and a portion of transaction fees are sent back to him. He uses these fees to pay the developers to keep the coin awesome and new technology incorporated with the coin. Everyone loves the coin, regardless if its centralized, because it is sustainable, secure, and has a support team.

Think about it. Centralized is not a bad thing. Abandoning a coin because you lack the dev support or money to fix your coin is a bad thing.

Coins need to use part of the mining rewards to hire devs and finance network services. Like MemoryCoin.

Membercoin - Layer 1 Coin used for the member.cash decentralized social network.
10% Interest On All Balances. Browser and Solo Mining. 100% Distributed to Users and Developers.
wasamata
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March 10, 2014, 11:39:34 AM
 #23

Coingate?

Zackgeno96
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March 10, 2014, 01:20:56 PM
 #24

inc bill gates coin! LOL  Roll Eyes

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pajak666
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March 10, 2014, 07:26:35 PM
 #25

Virgin coin sounds possible
Stick56
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March 10, 2014, 08:25:42 PM
 #26

I'm guessing a Martha Stewart coin, I hear she loves insider trading. Lol
jonnysomething
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March 10, 2014, 09:03:16 PM
 #27

Wrong. There would be publicity behind it - not to mention they would be able to afford good dev support to help build an awesome and long lasting coin. This should be a big deal

Celebrity sponsored cryptocurrencies are a gimmick.

Yes - they will get a lot of publicity, but then die a quick death. This is the history of the web. It's kind of like 'corporate-sponsored email', i.e. about as popular an idea as a private road. Instead of following the public highway from Paris to Berlin, people would take the "Donald Trump express" cos it has his name on it.

Except that, the Donald Trump express has no filling stations, restaurants, maintenance trucks or breakdown services on the way. That's the Bitcoin infrastructure that you don't get (and will never get) with any alt coin.

Celebrity backed "coins" are second class merchandise in the cryptocurrency world and half of the market won't touch them for this reason.

Celebrity backed, yes. Max Keiser had no idea what he was getting in to. Big money coins are different. They will do their research.

You want to know how you can make a Walmart coin 100% successful for life? 10% off if you use WalCoin, purchasable at every Walmart location with cash, credit or debit.
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