Topic: BIG GAW/Zen Announcement! Tell your friends, family, neighbors! (Read 2066 times)

Well, the other side to that coin ( ) is there are success stories relating to the foundation BTC set and it does not involve having a financial fund to "manufacture" value and success.

Although some people think it may be based on a joke, it is hard to reject Dogecoin as a viable example of what raw community-backed crypto is all about. The 80K+ people who adopted it within the first 90 days of its release and who do not really care about what the short-term value was (or is) effectively negates the need for a centralized fund or other financial mechanism to insure ongoing growth (which is happening on a daily basis). Talented developers have reduced tip-bot and wallet transfers times to seconds from minutes with no solicited compensation for their efforts and increased the inherent stability of the altcoin's foundation along with others through merged mining and mutual collaboration. Add the immense amount of goodwill that dog-on-a coin crypto has done for the word in terms of charity, crypto exposure, and overall education in less than 11 months of being in existence and it is hard to ignore the real "secrete sauce" to a successful altcoin venture is staying true to what works while making it simpler for greater acceptance and mainstream adoption....Not techno-jabble marketing hype surrounding mythical thermodynamic blockchain pasteurization that then utilizes a flux-capacitance derived photon accelerator to artificially realize an unsustainable marketcap that reflects nothing of tangible value beyond CGI based mining derivatives that are so confidential in nature, even thinking about questioning their inner-workings is paramount to committing treason against MtGAW and punishable by... well, we all already know that story...

Putting everything proven successful thus far in to context regarding the number of coins being produced, the difficulty vs. reward, inflationary vs. deflationary distribution, the soft caps, the market caps, etc, existing altcoin technologies are still fundamentally the most sold approach. In fact, ALL crypto is still in a PROOF OF CONCEPT mode and what it appears GAW/Zen wants to do, if any portion of what they say pans out, is put the cart ahead of the horse. This is the same shortsighted view many take on the hash-oops!... haste---makes-waste side of the industry where it is all about the "pump, pump, pump, then dump" fluff-methodology that does not pan out too well in the real world.

Lastly, I believe the next phase in progressing the POS, POW, and other related pseudo environments is to build upon their successes once they are considered proven and market-matured (give it another 12-14 months); making them more robust, efficient, and secure by utilizing the POWER OF NUMBERS that only comes from the people of the world and not a few AWS or Rackspace based mainframe servers.

Scott

I live in Paris. I do business with people everyday. I have been using bitcoin for 3 years. So stop talking as if you knew everything. Obviously you only *pretend* to know, but you can't really understand how things work.

If you knew better the regulations here, you should know that at least in France (and many other countries worldwide), a company can't declare its revenues in crypto currencies. So, show me which business is keeping over 25% of his income in bitcoins. Go on. Instead of posting stupid and useless pictures.

I personally think that GAW has identified some of the key problems with many cryptos and is trying their best at solving them.

Many people share the idea that the development of the Bitcoin code is basically at a standstill (with little to no new features or improvements being introduced), and that it is still too complicated for the average citizen to use.

GAWs idea of a fund which promotes the coin and helps widen merchant adoption is a good one, and if anything it will help the cryptocurrency space as a whole improve.


They have the funds to develop a superb platform for their new coin (although it will likely take some time), so we will definately see some new ideas taking shape and maybe be implemented in BTC aswell.

In a time where industrial scale mining dominates bitcoin, and little new ideas are being proposed, it is atleast an interesting solution and I am excited to see what will happen.


In a few months we will all be wiser and see what prevails. GAWs codenamed "hashcoin" is designed to work in conjunction with bitcoin, using a sha256 hybrid blockchain featuring faster confirmations.
I would not see it as a threat to bitcoin as a whole, but as an addition to the ecosystem.

great to see such an unbiased view.

Well GAW is launching a new project which is always good news for the people. I don't know what are you talking about because for the community and to promote cryptocurrencies something like that is really awesome idea.

Millions of subscribers here in the US, including myself, have had the option to pay our monthly DishNetwork satellite TV bill in BTC for a few months now.

Personally, if a proven multi-billion dollar company with 14M customers and hardware (the "hopper") that allows me to skip commercials while watching my favorite primetime shows is open to and promotes BTC, I would say things are looking pretty good for me and crypto in general. Since Coinbase is also involved, expect LTC, Doge, and other coin support soon.  

Ref: http://about.dish.com/press-release/products-and-services/dish-accept-bitcoin

Scott-

Is the questioner representative of the gawminers? What kind of question is that?

How about Dell Computers and Newegg.com. Maybe they are not familiar with these companies? Newegg is a 2.5 billion dollar hardware and software retailer. Dell Computers is a 56 billion dollar hardware and software retailer. Real companies with real products. Perhaps playing with virtual nonsense at gawminers is where this questioner belongs. Nice and play play and easy to operate eh. Nice make believe simple "stuff".

Actually, yes - Overstock.com

Sums up GAW for the past few months.

Thank you for making this post KC.

maybe you live in a hole in the ground... or in the past somehow, but if you were to actually follow *ANY* crypto related news you would understand what you are saying is blatantly false.

the world isn't your 2 mile radius where you live. i suggest you look into some of the places in europe where large portions of entire cities businesses are adopting bitcoin (and keeping over 25% of it *IN* bitcoin)

maybe you should think about how paypal will handle bitcoin once its fully adopted into the paypal ecosystem, they will need to keep huge reserves of it.

regardless you seem to have some reading up to do.

So, what is your excuse and why are you here?

Where is the proof of this backing? Where is ANY of the substance behind the repeated yet shallow claims? A successful crypto-coin, like BTC, LTC, and Doge didn't have or need any financial backing and EARNED every % of value (high or low) based on the global community they serve.

Too many people these days think a coin can only be successful it if is immediately valuable and makes people rich over night. This is why there are so many pump and dumps and coin failures within hours of release. Likewise, this is NOT what the spirit of cryptocutrrency is about or why it was explored in the first place. In reality, it takes (more often) a simple cause with crowd sourcing and communal adoption based on the intrinsic merits of the coin and what it physically represents - not unsubstantiated hype, elusive FIAT shoring up, and centralized control.

Scott-

Some of those with problems are the usual haters who advertise other cloud sites in their spare time.

Well, it's financially backed and basically the first ever coin without an anonymous developer who won't pump and dump the shit out of the coin. It's backed financially and everything. Why would anyone have a problem with a coin that has a smaller risk than anything else and already has backup money in cases where they need to develop more features or get things done?

Bitcoin is still up 1000's of times its original value and ongoing market corrections are the nature of the game. BTC is being accepted in more areas of the transitional global market everyday and will remain magnitudes larger than anything else for the foreseeable future ...and I say this as a hardcore Dogecoin, LTC, and other altcoin supporter. A seven month old 12-15 person company run by a novice in the business world who knows nothing about the inner workings of encryption and can't fix existing customer issues within his own "house" has not and will not make any noticeable impact in this industry; regardless of what his overinflated ego and followers are chanting.

In summary, a legitimate idea and desire to better anything is what stems progression in any industry. However, when an idea is contrived from greed, misinformation, false promises, censorship, and litigation threats in order to cover-up oppositional views, there is no room for that "idea" as it is simply a scheme in reality.

What GAW/Zen wants to do TO and not FOR the crypto industry is flawed, introduces nothing new/novel, and only attempts to derail the fundamental nature the original concept of a decentralized yet secure medium of value exchange stands for. Like many attempts before them, they will fail sooner or later and unfortunately a lot of people will be left holding empty crypto wallets. As history has taught us, choose to ignore or not learn from the past and you will be condemned to repeat it.

Scott-

By merchant, I mean standard merchant... not a bitcoin specialized company !
A merchant which doesn't handle crypto currencies. Your supermarket. Your electricity re-seller. Etc.

uh.... the company that you are talking about for one.........................................................................

What can't you understand yak?

Do you know any merchant that holds bitcoins instead of FIAT, even if they accept it ?
If they do, they have lost much money.