Hi and hello..
I'd like to make my own shitcoin and make 10,000 BTC appear out of thin air.
This volume is fake right ?
Are people really that addicted to rackets ? ponzis ? pyramids ?
How is this any different than the bankster's fractional reserve ?
You and I are generally in agreement about the cancer that is shitcoins. Almost every coin these days is a blatant scam, or has a huge premine, or a thinly disguised instamine that is only there to line the dev's pockets before he moves onto his next shitcoin.
But if you place Qora into that category, I wonder what you consider
not to be a shitcoin.
Qora has been developed from scratch. There are clearly some concepts that have carried over from Bitcoin and Nxt, but much of the design and all of the implementation are completely new. It is a real competitor to both Bitcoin and Nxt, and that can only be a good thing for crypto currencies in general. It has features that neither Bitcoin nor Nxt have. It has an active and responsive developer, who appears to be focussing on the important tasks (core code development) rather than putting up a flashy website and waiting for the cash to come rolling in.
As such, it brings real value to the crypto community; it cannot be compared to the shitcoins whose only purpose is to make some copy/paste "devs" rich.
As the code is not yet open source (for understandable reasons), it cannot be examined, and for this reason I still consider Qora a medium/high risk investment; and 100 sat price seems about right. Over time, as bugs are ironed out, and the design and implementation are properly examined, this risk will reduce and (if no major issues found) the price is likely to increase. I don't consider something a "ponzi" if you are exchanging money for real value.
In the same way that you like to draw attention to shittness where you see it, if you see a coin adding value then you should support it (even if you don't buy it). Otherwise, what are you doing here?
As for your point: yes, if you are a competent developer with some good ideas, then please feel free to make a new coin; if it's good and brings something new then I'll support it. If all it has is an animated icon, then thanks but I'll pass
