Hi,
I was holding a few coin2 before the 51% thing happened and bought alot more since, as the way the situation was handled showed that the devs are taking this coin seriously, which is probably not true for most altcoins that are being launched. Coin2 is in my eyes one of the few coins that has a long term chance, we will see. I have some questions though. Apologies if those have been discussed before, if so i did not find them.
A) Wouldn't playing for C2 and especially paying C2 to enter a game considered illegal gambling in most countries? I have been a professional poker player for 5 years, so i followed the discussion somewhat closely (on poker obv). It might also depend on the type of game. Has this been researched and what are the results?
B) If it is not illegal, what would stop - say Electronic Arts - to launch their own system once C2 shows some promising success?
C) Why havent the big publishers done so already? While the idea is good and new(?) to altcoins it is not exactly new generally. A quick google search brought dicussion threads from 2007. Are there any publishers, which have implemented a system like that? I have a family, so gaming is very low on my list how to spend my day.
D) Couldnt it be strategically better to find a small publisher to launch games while you can focus on implementing a Coin2 payment system into those games and promoting it? Of Course after the FPS is launched to show that it can be succesfully done.
A few words regarding the recent price drop and the discussion in this thread. I do not plan on selling anytime soon anyway (though I am actively trading constantly), so the current price is not that important for me. However i want to note 2 things:
1. There is no long term investing in altcoins. Lets be honest, even a random startup in the ukraine is about as rock-solid as they come compared to the altcoin market. And that is not meant as a disparegement of coin2 or the developers, that is the realistic state of the altcoin market (you may disagree here).
2. While this is my first post - try to be nice
- I have been following the board for quite a while. It seems alot of people think Investor = good, day-trader = bad. In reality most tradable assets need both groups. Without daytraders, or at least short-term investors a market has no volume and will be completely dry. A market with a low volume is prone for huge swings of the price, which is not what you want. There are a number of other problems in low-volume markets but the point is: There are no good and bad inverstors and a good strategy is focussing on both groups.
Devs, keep up the good work
HKBvM
