Stop wasting your time with this failure of a coin and look in to Scrypt Bitcoin.
That's where the money is. I'm so sorry to everyone who invested IPO and mined, what a waste.
When you said that's where money is, does that mean its pump-and-dump? You want to look for coins with a stable price for a long time not volatile one.
Scrypt Bitcoin might be good for you but not for many. When you mine a coin, you are betting on the developers. The developers only copied litecoin and bitcoin. Don't they have any other idea? In my opinion he is close-minded and will just rip off any new coins of their added features. Is he planning to make a POS - Bitcoin next?
Not necessarily, with ASIC miners available the bitcoin mining industry has been bought, scrypt is a good stand against ASIC, not to mention the parameters are not the same as bitcoin, just the supply and block reward. The parameters are tuned to have a very stable mining experience and it's not really volitile, it's rising because it's going on mintpal later today, you can still buy in and make cash. Make back some of your profit that you lost with PawndCoin. This coin isn't a pump and dump, it's a coin with a good community, and really innovate design.
Also, you are not betting on the developers, your betting on the community, Bitcoin's dev is in the shadows, but the community raised the price to sky shattering prices, you don't need a dev to do anything so long as the coin has
a good launch and a good community.
All the community can do is to advertise the coin. A good community creates a good environment for a pump-dump. A dev is needed to collaborate all the future plans and developments, fix the bugs and updates the wallet. A quote from someone i forgot, a company has to have new innovations continuously, else it is a dying company. And company is like a coin. Sure, it might be going up in prices right now but at an extremely high rate not a normal one. It is the best time to short bit scrypt if possible. When a new coin or new system comes up and the rally of Bitcoin scrypt decrease ( less than 100% a day increase) traders will move on to another coin because all they want is a very high reward. Therefore, it will crash. What do you expect from bitcoin scrypt in the future? It will encounter all the problem of all the coins right now, - centralized exchange and hacking here and there.
The GPUcoin and PAWNcoin offers the alternative, to use their coin in an industry with a partnership/ownership with businesses. The developers have knowledge and connection to make the coin useful. As long as it survives after 5 years, it will be ok. Most business fail in less than 5 years.
Edit:
Bitcoin, dogecoin, and Litecoin is at the forefront of educating people about crypto, getting merchants to accept cryptocurrency, and aiming to be liquid like fiat currency.
PPC - developing peer shares like a decentralized asset exchange.
NXT - aiming for decentralized exchange as well.
protoshares - aiming for decentralized corp.
just to name a few...
Newbies and other people still focusing on the next Altcoin in the 1st gen qt. It has already reached its limit, there is not much innovation you can add on it, even if you twist its algorithm and specification like a rubrics cube, you wont solve it.
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