Topic: [ANN][ONC] Onecoin - CPU only - Pools opened! - page 26. (Read 74955 times)

And we are on the same side here. What I'm promoting is virtual commodity coins which take on the role of default store of value so Bitcoins can evolve into a currency. Bitcoins will never evolve into a currency when there are no coins worth more than Bitcoins to put our savings into.

When I want to put my savings somewhere right now Bitcoin is a better place than the banks, maybe even could be better than gold someday, but that is not what Bitcoin was designed for and that is not going to be good for the long term viability of Bitcoin. Bitcoin has to transition into becoming a currency and the way to speed this up is to create virtual commodities so people can take their Bitcoins and buy these commodities and let these commodities go way up in $ value so that if Bitcoin goes down then through diversification our life savings, retirement, etc are safe. The idea of buying gold bars is silly, but the idea of buying virtual gold bars makes a lot of sense if you buy them with Bitcoins and who knows maybe something like Bitplatinum could come along and we can buy that when the price of Bitcoins is sinking and protect our selves knowing the value of Bitplatinum will never really lose it's $ value.

The niche exists, fill it and Bitcoin and Litecoin can become currencies. This would mean the price of Bitcoin and Litecoin would have to be around $60-70 not $100+. Eventually the Bitcoin price would even go down as people buy the virtual commodities for their long term investment purchases.

Bitcoin is being set up to be the default store of value coin. It's valuable, but while it IS currently used for most real world buy something transactions, it's not very good at it, due to block times and long waits for confimation. It's got a good setup as a savings account, but not so much as a checking account.

Bitcoin already is acceptable and useful. We need coins to store our wealth also. Where do we put our money when Bitcoin crashes? Cash out into USD? Hell no. We need store of value coins for the same reason we need gold bars so the concept behind Bitbar or Bitgold or whatever is sound.

You're looking for a currency, nothing stops you from just buying Bitcoins and trading them since they are clearly the most useful coins. But when those coins crash due to volatility then tell me the worth of each coin doesn't matter. When people buy Bitcoins and they find out their $260 purchase is now worth $50 you tell me it doesn't actually matter how much each coin is worth. It does matter when people start putting life savings into it. And yes we need coins for people to put their live savings into and clearly it's not Bitcoin.

Sigh. Again, I see people talking about how much individual coins are worth.  

the success of a coin is not how much the individual coin is worth, but in how stable, accepted, and useful it is. So far, yes, bitcoin is winning. But it had a huge head start on most of the others, and litecoin is giving it a good run in terms of stability and acceptance.

I'm one of the supporters of coins with smaller and smaller caps because coins with larger and larger caps just end up being pump and dump coins.

Prove otherwise. Make a coin worth more than Bitcoin or Litecoin with a higher cap.

That said Onecoin takes it too far to the extreme. I support SLIGHTLY less than Bitcoin. 10 million coins is half of Bitcoin. 5 million is half of 10. But 1 coin is too much less. That's like if I make a coin called cloud coin and I say the cap is 500 trillion. This would be fine right?