This is an excellent thread! Actually I could summarize your first post to :
"ALL CRYPTOCURRENCY ARE ESSENTIALLY UNFAIR AND HENCE SCAMS".
Which I think is a far more valid statement than picking a random group of coins that exclude Litecoin, Bitcoin and Dogecoin (coincidence much?
).
You would not happen to own a lot of Dogecoin now would you? You do? What! you naughty boy!
Disclaimer : I own a lot of dogecoin....but that does not mean it doesn't belong on this list
Just because it's obviously not serious does not mean Reddit is not trying to capitalize on it with every inch of leverage they can muster
Eh, i don't even have the client yet. figure it will die out soon enough. basically people mining as much as they can thinking it will be another IFC
True or not that might be, essentially your arguments invalidate *
all* cryptocurrencies. Just because Bitcoin/litecoin happen to be the biggest due to sheer chronological and novelty momentum does not make them any less unfair or scamcoin. Their markets are controlled by bots, slowly emptying the big wallets of the initial miners/investors, manipulating the price effectively.
The only difference between Litecoin and Bitcoin with all other coins is that they are more widely accepted as a form of payment. And again, this comes down to volume and age, not quality. The fact they are subject to wild changes in price make them completely unsuitable as a serious payment method for the wider public. They remain a mostly speculative asset in the hands of a few extremely wealthy early adopters.
If you discredit the majority of altcoins, there is no way you cannot claim that the whole concept of cryptocurrency itself is in essence a scam. One big Dutch-Tulip mania, but now in the digital realm.
I accept that notion : All cryptocurrency is unfair, and in essence a major plot of a few people to get rich on the expense of others.
I do not discriminate between one coin or the other...they are all more or less equally unfair or worthy of the title 'scamcoin'.
I post critique on coins, irregardless if I own them or not. I do not care - it would be hypocrisy not to.
I mine and at times purchase coin because I have a background in the stockmarket. I enjoy the thought of some profit and risk.
I hold on to a part of my coins because I see a potential and unavoidable future for Cryptocurrency, once it gets out of it's infancy. Short term failure or success of one coin is irrelevant. Once maturity is reached there will be some kind of equilibrium between freedom and regulation. But until that time, I can assure you every single coin will be monopolized and abused by a few to get wealthy from. It's that simple. Claiming other wise is naive or just plain a lie in your own benefit.
That said, the only thing that annoys me is people who have hidden agendas and go on obvious FUD propaganda campaigns. And I think your hatred against most coins except a few here and there is obviously only initiated by you to further your own interests. I think that is obvious to the majority of this forum..or at least, I hope so^^
