Why is anyone mining and/or supporting this hunk of shit?
There is absolutely nothing new or innovative about it.
Stop spreading us so thin you fucking idiots.
Stop jumping from new coin to new coin.
If we all stuck with the innovative and unique coins they would all rise in value. Instead everything is sinking like a rock cuz you fucking dolts are too stupid to understand which coins have any potential and which ones are coingen pieces of crap.
woe-hoe-hoe -- another one of the strongmen out there turning out to be scared sh**less of competition and thinking he needs to be rude then :)))
Here's some news for you: in case you missed it, the global economy is "a little" bigger than even Bitcoin's $10bn market cap, so there is plenty of room for a few more than just Bitcoin. We use to call them Altcoins around here :)
Latest downward price movements in Crypto coins are not primarily caused by the existence of Altcoins but rather the lack of incentives for the stupid herds in the mainstream to move into Crypto (or apparent lack of dis-incentives for using the dollar and other fiat garbage out there; same problem with precious metals lately, no one appears to really get it yet). This could change abruptly anytime, we're actually dancing on the volcano anyway.
Be that as it may, I predict that at least 90% of Altcoins will go away in the short to medium term. The free market will decide which ones.
While it is true that many Altcoins don't bring anything new to the table, and particularly many of the latest additions are outright ridiculous (some even pathetic) indeed, I will enlighten you as to why I thought Wampumcoin was worth giving a shot:
- Wampumcoin appeared to have a sensible plan for building a real economy around WAM right from the start (even Bitcoin lacks this),
- there were wallets for the big-three OS-s available for WAM the moment the coin was launched,
- the Wampumcoin launch was flawless,
- the fact that a total of 34bn coins will be mined is actually good, as it provides ample liquidity for adding Coloured Coins, Smart Contracts, any other super-layer functions (Mastercoin-style) later on (note that you cannot reasonably do that in with Bitcoin's measly 21m coins, a big downside to BTC, as it turns out); this IS something making more liquid coins like WAM stand out over many other coins,
- starting out with a viable selection of merchants (see wampumcoin.com website for details) is another plus for this coin,
- it all lies in the hands of the devs as well as a sensible community of users, merchants, miners, and traders to make something of this,
- it remains to be seen how this all will play out, but the potential is there!
If WAM is flexible enough to learn and move forward, succeeds in getting those planned-for merchants on board in accordance with the Wampumcoin business plan, is open to wrap itself around future additions etc, then this coin can stand out. That's what competition is all about -- and not bullying.
