I feel like people here haven't really considered that the value of this coin has SUBSTANTIALLY increased over the past week. Intense Coin is now a gold mine.
Take a step back. Crypto valuations are down more than 10% across the board [1]. This is a troubling time to be in cryptomarkets.
But why are valuations down? The most important factor is China putting restrictions on cryptocurrencies, and the potential that more will be announced shortly [2].
This is great news for this coin specifically.
Let's not lose sight of what this coin's ultimate purpose is. This project is an effort to be a decentralized VPN.
What happens if China announces further restrictions on cryptocurrencies? Will they all drop what they're doing, toe the government line, and forget about cryptos entirely? Of course not! We're all human. When someone tells us we can't do something we find a way around what they said, and do it anyway.
Those in China are going to continue to mine and trade cryptos but now they'll need something to protect themselves from the government finding out. That something?
A VPN
Just like this project...
The developers shouldn't focus on getting it listed. The developers should be focusing on building out a credible plan for the core VPN technology. China's announcement turned what would likely have been a middling coin into an unbelievable gold mine overnight.
References:
[1] Crypto valuations: https://coinmarketcap.com/charts/ (data pulled 15 September at 10am IST)
[2] There's plenty of discussion of this - even in the mainstream press. See, for example, here: http://www.marketwatch.com/story/bitcoin-at-crossroads-after-shedding-nearly-20-billion-in-value-2017-09-13
well, maybe next year the price will be ~50$/INT (like monero). Take a step back. Crypto valuations are down more than 10% across the board [1]. This is a troubling time to be in cryptomarkets.
But why are valuations down? The most important factor is China putting restrictions on cryptocurrencies, and the potential that more will be announced shortly [2].
This is great news for this coin specifically.
Let's not lose sight of what this coin's ultimate purpose is. This project is an effort to be a decentralized VPN.
What happens if China announces further restrictions on cryptocurrencies? Will they all drop what they're doing, toe the government line, and forget about cryptos entirely? Of course not! We're all human. When someone tells us we can't do something we find a way around what they said, and do it anyway.
Those in China are going to continue to mine and trade cryptos but now they'll need something to protect themselves from the government finding out. That something?
A VPN
Just like this project...
The developers shouldn't focus on getting it listed. The developers should be focusing on building out a credible plan for the core VPN technology. China's announcement turned what would likely have been a middling coin into an unbelievable gold mine overnight.
References:
[1] Crypto valuations: https://coinmarketcap.com/charts/ (data pulled 15 September at 10am IST)
[2] There's plenty of discussion of this - even in the mainstream press. See, for example, here: http://www.marketwatch.com/story/bitcoin-at-crossroads-after-shedding-nearly-20-billion-in-value-2017-09-13
