Capital news concerning Twitch and very likely the future of Minerals.
It's been confirmed that Amazon takes over the entire Twitch network, responsible for 1.8% of all US internet traffic during peak moments. This is more than Facebook or Amazon themselves generate. Amazon paid over one billion dollars for the takeover.
I think we should start worrying about what's going to come next. You may or may not know, but Amazon launched its own crypto currency, Amazon Coin not so long ago. It's not like a classic crypyo currency you can trade or mine, but you can buy it and use it to buy products on Amazon with up to 20% discount compared to purchases done in fiat currency.
So... time to hit the alarm button? Amazon will not allow any other crypto currency to be used on any part of their platform and especially if it's acting under their radar.
Source: http://online.wsj.com/articles/amazon-to-buy-video-site-twitch-for-more-than-1-billion-1408988885Maybe this is something the team needs to look in asap and take measure if needed before we receive a cease operations and take down notice.
Also, the take over by Amazon combined with this 90 days graphics is not a very positive signal for Minerals as a whole:
I just came to realize with this hideous graph, that we went up to over 1.2 million dollars to a meager 35000 dollars in market capitalization..., which is the place where shit and scam coins are ruling, due to many bagholders with a shitload of coins (°_O)p
And this on IRC... We're proving them right if Minerals were to dissappear:
Syaoran|Mobile> is it even worth keeping this channel alive? No one ever comes here. Also, shovel_boss, you should try to PM the devs on bitcointalk concerning a TA of the coin (your message on Wed. Aug 20). They never come on IRC.
22:02:09
Syaoran|Mobile, the devs made a run for it
22:02:14 now im holding bags
22:02:50 I want to believe they'll come back with POSA early next month
22:03:06 but why make a coin and then run? it has potential
22:19:11 im glad this coin failed tbh
22:19:34 the mafai style launch and all the shit they pulled, they deserved it
22:19:44 mafia
22:20:04 Really? Some other coins have followed their 'lead'
22:20:39 with closed source and closed pools
22:20:39 tbh, I kinda liked the limited hash... from a small fry point of view that I am with only 3 GPUs
22:20:57 this coin was closed source, the exact opposite of what crypto is
22:21:28 Syaoran|Mobile those coins will fail as well
22:21:43 try to do a run arouind and crypto and you will get stomped
22:21:45 lol
22:22:04 try to do a run around in crypto and you will get stomped
22:23:58 well... the closed source thing was probably an error
22:24:49 but if they would have coded the hash limit into the wallet, some smart-ass would have removed it anyway, mining with an entire farm, while the other abide by the rules
22:25:22 not everyone is sitting on a load of money
22:26:24 tbh, the whole of crypto is starting to resemble wallstreet sharks and bankster practices with bailing out exchanges even if they are at fault (vericoin), making small investors and casual crypto enthusiast lose everything
22:28:01 lol .. limicoins failed indeed :p
22:28:11 or limitcoin... whatever it was called
22:34:46 lol
22:34:47 yeah
22:35:34 but in the same idea, the big players shouldnt be penalized for making smart moves and building profit, and thats what mineral tried to do, pools snubbed them and excahnges to at first. I was glad to see it
22:35:42 there is no room for coins like minerals on the scene
22:35:43 IMO
22:39:54 then it all comes down to a 1:1 copy of the fiat financial structures in place, except iso of SEPA, you get blockchain. Many crypto currencies fighting currency wars like the US and Russia with the big ones getting more and more power and the small ones paying.
22:40:51 dunno if that's the intention and idea behind bitcoin to start with, but if it is, I'm disappointed and should better have bought some silver and gold instead of crypto
22:46:23 anyway... I'm ranting. Time for some good night's rest.
22:46:26 Bye!Well... That's me complaining for a first time I guess? My apologies if you feel betrayed by what I said ^^"
I just needed to rant about it a little bit...