Well written, dissapointing there are now just two of us to pick up on it though
2) Price does not equal value; without real long-term solutions to increase demand,
Ultracoin will suffer as a currency.
That, is one of the most important factors for ANY product, that's where the problem lies, not in the Blockchains.......
The more services that accept UTC, the more liquidity the coin will have. Liquidity means people are spending it, this is the goal is it not? To create the value from a usable commodity called "money" backed by TRUST over Nuclear weapons, is it not? to have it accepted and be able to buy items, or do you all just prefer to put your heads in the sand and shout "LALALALALALALA". How many of you know how fractional reserve works and understand it, and how it derives "value"? It only has as much value as people believe, it has no inherent value (other than your greed and slavery to it) Stop caring about price for a bit and care about how to set up business accepting it and you have something with real value, it will naturally find it's own market price.
I trade coins, but no where near as much as before, I have given up on chasing squirrels, it's stupid and you never catch them, if your lucky you'll manage to grab a few hairs off the tail as it runs past! What I do look for now, is the support, any infrastructure, services, accessibility,
so I can actually use what I mine. What is the point of sitting on thousands of £'s when you know it's value is constantly dropping because you have none of that in place, how much can you stand to lose before you call it "ENOUGH"? That''s the game you're all playing just now, and until you get it in your skulls that it requires more than "buy walls" you may as well open the window and throw your money out of it.
I understand you get it Rapture, but most people seem to completely miss the point. CECVW gets it, get that guy on the team! he swears less than I do
I have been saying this forever
I have already spoken to devs for SOE (Sony online ent) they can't even understand what Bitcoin is, never mind how it works, I gave up after 90 mins. They have no interest at this point, in fact when I explained how they could create a real world commodity in the likes of EQ2, they laughed. The reply I got was "we have Station cards" completely missing the entire point and refusing to understand crypto has one single benefit to them.
In conclusion. Keep chipping away with small firms if that's the way you want to go (i.e. Minecraft is a good start Bumface) but it seems there is still a LONG way to go before even guys who work in their dream geek jobs manage to even comprehend crypto and it's benefits of how they can use it to their advantage both
inside and out of games.
What are the thoughts/opinions of the rest of the UTC team/community?
P.S: Have taken wallet offline just now seeing some of these posts @UTC team, is there any issues or is everything cool?