I wrote something in private that I wanted to share, so I decided to stick it here.
To win against Bitcoin, an altcoin must have something other (and more significant) than just speculation. Bitcoin will always parasite on all speculation in the overall blockchain speculation ecosystem even its marketcap is less than 50% of the ecosystem (as long as it is the largest).
Evidence:
as a trader i like the mess and the drama
i've been told since forever that in order for something to have value, you need to exchange it for other value
...
yes you may have a breakthrough and answer for those "centralized by fiat power" consensus system,
but will the value of this new coin trully make the developer/early adopters insanely wealthy?
if anyone could make that coin basicly without exchanging what they are currently having, what would become the coin value other than early adopters initial speculations?
You could
exchange your knowledge for tokens.
How do you justify the blatant BS linked above (your quote of me) wherein the Chinaman deliberately says some BS to crash the LTC price?
thats one tool in a pool of many. seen Americans (famous Bitcoin is a failed experiment line), Russians, Japanese all do the same bitcoin/crypto over its history.
That is why we need an altcoin wherein the hodlers aren't speculating. They are using the tokens for something in which they have no desire to speculate with them.
With that wide base of transaction use which doesn't care about the exchange value, the manipulators will not be able to have much impact.
As I said, I have some ideas about how to make whales impotent. Traders won't like it, but long-term HODLers are going to love it, because it is deflationary, which is even better than Bitcoin (i.e. the coin supply will shrink forever never reaching 0).
Poll
