Ok, here's apologies...
But if we want the coin to succeed, we need REAL Buy support, that is, to buy other goods, as has been stated above by another user.
Right now, the Buy support comes from users who are new and want to give it a try, and or users who speculate on it.
As long as BTC remained calm BALLS performed Ok, and the speculation part of the coin wasn't noticed that easily.
Truly, I want BALLS to succeed. But therefore, we need stores accepting BALLS.
But which store is accepting a coin that prints money? I really hope for this coin to succeed, as the devs have put so much work in it.
I hope it's not one nifty scheme, and I wish all BALLS and it's users success..
Sorry, but I freaked out on my marketing backgrounds
Just trying to see the big picture on things.
In either good or bad way, BALLS plan is genius.
You have valid concerns, but I think you're looking at this with a narrow perspective. Here are my thoughts:
Only when more users acquire the coin then spend it will its value rise. Simple economics, right? Vendor support does not solely guarantee a coin's value. It seems bitcoin gets new merchants every day, but its value does not reflect that. Probably because most just cash out for fiat, so it's a wash. The Bitcoin economy will take years to fill out, but when it does, the value will rise with demand. It has to, considering the static supply. And we'll all benefit when that happens, assuming exchanges become seamless. And considering the pace of development, I don't see why that won't happen. I say let bitcoin blaze that trail; we'll work on interoperability.
Another way to achieve success is to make the coin interesting and fun to hold. I think Spots has done a good job differentiating this coin from other high-stakers, The fact that he's making money on side projects proves he has a continuing stake in its success, not to mention his personal stash. A flourishing coin means more hardware and cloud staking sales. He is very transparent about it all, though he could use a PR spokesman.
I also like that he's not afraid to try new things, push the envelope if you will with staking. This is interesting stuff that catches peoples' attention. If you're worried about hyperinflation, we only need look at dogecoin. It's near 100 billion coins and stable in value largely due to its robust community. This coin needs to be there, so attracting users is important.
I got into this staking biz because mining in general is a losing proposition but I still like the action. Staking gives me that rush but without all the stress and hassles. I like the ROI on some coins, not so much on others. It's becoming a game of knowledge and patience and I'm still learning. It is somewhat consuming and I have more invested than any hobby, but I'm in for the long haul. Price drops don't faze me as long as fundamentals remain sound.
In closing, cryptocoins in general are still a young phenomenon that I believe has huge potential. Many people have yet to participate and will do so for varying reasons. It's almost a guessing game at this point, which coins will succeed, much like gambling. Only time can decide. As with any largely unproven investment, risks are high but so may be the rewards. It's fun, exciting and dangerous. Good luck to all.