Musings on Chaincoin (CHC)We have this explosion of alt-coins. Each coin is trying to carve out space for itself, some successfully, and others, no so much.
Every new coin begs the question "Why is your coin better than bitcoin?” Defenders of a new coin invariably focus on
features of their new, shiny coin. Their arguments are almost exclusively technical.
I’ve been listening to the LTB podcast for years, and as the parade of hucksters come through selling their coins, the conversation is almost always the same. In fact, it is so predictable that I sense that LTB hosts have extreme fatigue due to being pitched over and over on why the features of coin X are better than coin Y. If you've listened to LTB podcasts, you know exactly what I mean
So, the hosts become cynical because the answers are full of bullshit 99% of the time. The
real answer, when you strip away the nonsense, is usually that the developers want to be millionaires. But that isn't very enticing to the masses, so they have to invent some BS elevator pitch that sounds believable, so long as you don’t look too closely.
What the HODL revolution has shown is that this war of alt-coin
features is short-sighted.
Right now, I’m sitting here grinning from ear-to-ear because it is so fucking funny that everyone is missing something so important: CHC long-term success (which I think is very likely now) isn’t a matter of the
features of the coin. Of course, the fact that CHC is masternode-capable is very important.
However, the
community is more important than features. And the CHC community is intense and committed. I am certain that others will try to repeat what CHC has done. Mean time, get your popcorn and watch CHC give DASH a run for its money.