I apologise in advance for this rant. It's pretty long and in some areas may be repetitive but it's how I'm feeling right now after weeks of working with some great people.
I think it's really funny how people are seeing something that is and always has been proposed as a long term solution for our current monetary system, is being pronounced a failure at just one month old by certain people.
"Investors dare I say Speculators" who have gotten into this for the "Short term / greed" and have not or will not contribute to the invigoration or growth of their "investment / speculation" because you think it's you're god given right to expect everyone but yourselves to drive value, should stop wingeing at Volunteers who believe in this. This is meant to be crypto currency not crypto stock.
Yes it is speculative, as was BitCoin but good things take time to mature and build communities and support before real value is realised.
I have spent today with a good friend of mine who owns a BTC merchant site of over 9000 merchants that he services and he told me about the 10,000 Bitcoin (~ US$25 at the time) pizzas (2 of) that were ordered and bought on 22nd May 2010 by Laszlo Hanyecz. The first recorded purchase of anything with CryptoCurrency.
http://www.coindesk.com/bitcoin-pizza-day-celebrating-pizza-bought-10000-btc/Do you think that those guy's were crying failure just 1 month into launch?? Like hell, they were pushing to create a market for customers to use this "virtual stuff" to buy "real things".
My friend and I spoke of the fact that these original merchants who took the risk of being paid in Bitcoin were and are pioneers, whom given the chance, would eagerly take on another "virtual coin" for over the counter purchases if they knew it was faster than BTC and had solid growth potential such as WC has. That is what has made the merchants rich already with BTC and they are hungry for more.
This is the second conversation that I've had with rich BTC pioneers this week. They have agreed that there is massive potential for this to succeed and are wishing to talk more about the possibilities.
All of this is possible but it won't happen overnight and initial speculators that are unhappy with "losing" money over the space of a month and who are happy to dump and run, then all power to you. I'll happily take your WC.
As I see it, it's potential energy in WC is growing and growing. The spring constant of this coin is growing and growing as the strength of the community is prevailing and increasing.
I would agree with you that you may pronounce that a coin is dead if after a month we had around 30 pages of posts, the developer of the coin had skipped town and nothing else, the contrary is the case.
WC is now backed by true professionals from the fields of software development / marketing / technical support / design / foundation management team of volunteers (investors, miners, exchanges and bag-holders alike). These people give up their spare time and in some cases their working time too. The wallet has been fixed, the coin is doing what it was supposed to be doing in the beginning and there is continuing active development from many directions. Others have put money into hiring other professionals to help with their own money to grow the future of this Crypto Currency WhiteCoin.
In WC, there is constant support in the way of creative, technical and marketing input. There is constructive planning and everything else that determines long term success and strength of a product, that is going into making the future of this Crypto Currency and that's what ultimately, will allow this Block Chain Tree to bare fruit and give massive returns to those who have patience and foresight to stay in and support in whatever constructive way that they can.
Ultimately it is the individuals choice as to whether they hold or cut their losses and run. But it is those who have the vision and courage to look forward to the future and work towards the ultimate goal of general acceptance of WC and other worthy Crypto Currencies in the future as a viable option to FIAT currencies, are the ones who are ultimately going to reap the rewards.
Go and talk to Laszlo Hanyecz today and ask him if it was worth buying those pizzas. I dare say that he will tell you it was the best decision he ever made at the time, even though he must be kicking himself today. He thought that BTC was worthless and Dumped $5,270,000 worth on 2 pizzas??? Crazy but cool. But then again, he was in it because he "Believed in BTC as a currency" and that's cool.
If you're going to treat Crypto as whole as a get rich quick scheme, then expect to get burnt along the way by charlatans and con artists. If this pains you, then find a new alternative. Try this with real stocks or FIAT currencies and I can tell you from experience that you will get burnt way more if you're trying to get rich quick, but if you're in it for the reasons that transcend your hunger for that quick buck and you're into building a community, that will ultimately build your future wealth when the rest of the world says hey, what are we missing out on. Then stay and help us build it.
Pull you head out of your asses and either support the Crypto Community as a whole, or dump and run. But stop FUDDING this or any other Crypto community, as you have gotten old a very long time ago.
Just a disclaimer. I'm a holder, miner, investor, developer and supporter of WC and a number of other Crypto Currencies and I see that the future is bright for all that believe in it. Communities build strength, Strength build prosperity.
Thanks
Alcamie
