kinda getting bored w/ Latium again, been weeks(month?) since I had a sign up after the changeover... Lots of clicks but no follow thru.
Thinking of ditching my Latium and moving on with things
I only have 10 LAT right now... probably won't get anyone else to sign up under me. But that's ok. Why? Because my 10 LAT are earning interest! That's FREE money that I don't have to lift a finger to get. And, if LAT goes up to 400K Satoshi, like someone here predicted, my 10 LAT are gonna be worth a LOT more than they are now, but so will my interest! If the value holds, then I might well be able to trade my interest for BTC to do other things with... indefinitely! So, just because you're not raking in "big LAT" right now, just let your wallet do it's thing with the LAT you currently have and relax! Opportunities come and go, but interest is forever!
400K satoshis for 1 LAT? I hope thats a joke.
Simple demand / offer calculus : There is no demand for Latium (nobody accepts it), and if someone wants latium, he gets 5 for free, raising the supply, when there is still no demand.
Now imagine something simple. You're in US and you're paying your stuff with dollars. and someday, someone tell you, "hey, im making euros, you can get 5 for free, its going to worth a lot of money".
So you get your five euros. What can you do with it ? Nothing !
So you try to sell them for some dollars. Problem, nobody wants it because you cant do anything with it. And if someone wants 5 Euros; they will get them for free.
And still nobody will accept it in your shops.
So what's happening here & now ? 2 or 3 people lobbying to raise the value by buying every LAT they can, making it seems there is some interests in it, when the demand is non existant.
But online you pay with Bitcoins. So even if some people pushing hard buying LAT will raise the price, some people will just get their 5 free LAT and exchange it to get bitcoins : More LAT in circulation > less value.
Just ditched my 827 LAT that I had for $0 . So at least thanks for making me earn a lil bit.
http://gyazo.com/015d65cbb00cc8d36e49f4db6d242e66Good luck to all of you having LAT, don't wait too long, soon enough it's going to end up in a grave like all the other wannabe cryptos.
A viral coin is supposed to be viral, and this one is clearly not, since only a bunch of people are showing interest in it.