Topic: Alt coin backers (Read 509 times)

Very nice said. I am trying so. Additionally, the growth speed of the number of coins too.

If you're doing pure speculation, price / market cap are key indicators. If you're trying to make a long term bet on an Alt coin that has mainstream potential I believe you need a solid team, solid backers, and technological advances that make the coin more attractive than others.

Last few weeks I saw the sudden and big rise of the values of every coins no matter who are developers. That happened after the previous longer term big dump. Price is of the most importance for me.

pop by www.the-adt-forum.com and have a chat with the ADT team    ( there is normally one of us around ) we might not have the biggest backers but we have a good team of people

I have always supported Litecoin, since adopting Cryptos.  I have sold real-estate for litecoin, and I have accepted litecoin on my store @  www.statelesstrade.com  

I think LTC and other ALTS need more development support from the community, to really make this currency mainstream and useful.

I do what I can with what limited resources I have.

I am currently working on "CANNABITS"  based on Scrypt

Check out peercoin and primecoin, both implemented by Sunny King.

One of the issues I see with Alt coins is that there are no solid backers (maybe I missed them?) that are backing a coin.  IE We haven't had a major group that is well recognized step up and say "This is a coin supported by X".  I understand the whole idea of coins is that there is no central group controlling it, and people here seem to be against anything main stream, but for coin to get widespread adoption I feel like having some big players for it could propel it to success.  If a well recognized company or individual steps in and says "I see the future for this coin and I'm behind it" I think that would make a big difference.

In addition, I think there needs to be more transparency around WHO exactly is behind the coins creation.  It seems like there's a new coin created with no indication of who specifically created it and is behind it. It's hard to trust a random coin by a random unnamed group of people.  If you had a new coin created and knew exactly who those coins were created by and their background, I think that would make a big difference in the adoption of the coin.

If I'm missing it and there are some alt coins that have a great team (that I can know their name, what their background is, etc) and also some prominent backers please let me know.