Classic pump n dump with a 'fancy' name. Well played Magnet, there will be tons of noobs holding bags after this one.
lol
"Classic Pump & Dump" 6 months after the coin was released? I don't think
classic means what you think it means.
The difference between this coin and all others, including BTC, LTC & DOGE, is that BTCS embraces decentralized development by utilizing a novel proof-of-stake voting system to have the community decide development and foundation formation issues, as opposed to a central group of developers.
It looks like it's the first
democratized crypto-currency and to vote you have to keep and hold your coins. Hopefully, there will be a sell-off after it hits Mintpal to shake off some of the speculators, but a lot of its supporters plan to keep holding on for the coming voting phase.
This coin fills the need for a community-driven coin, especially with all the crap coming out of the "top-down" Bitcoin SHA Foundation.
I wouldn't be surprised if other coins started following suit by democratizing their development because ultimately freedom loving people don't like centralized control with anyone, even brilliant developers.
The latest update can be found here:
http://theotherbitcoin.com/democratizing-development-roadmap-decentralizing-bitcoin-scrypt-development/
