The blackwavelabs is interesting and in many cases accurate. But they refuse to see the real problem in Alts -- no one uses them. None of them. While BTC usage increases ever so slightly but non-stop, no use of any alt coin has happened so far. None whatsoever. Therefore all run strictly on speculation. And there isn't any "stupid money" available and the P&D mafias have already cleaned what was left, so prices will go dramatically down, across the board, as people start to realize there's absolutely no hope for rebound and will try to cut the losses, thus precipitating the ultimate tumble.
I think you raise a a few interesting points in your alt coin death post, but much of it makes little sense. BTC's acceptance and usage has increased dramatically over the last 6 months while the price has tanked. Over that same time frame /r/bitcoin has gone from saying real world use is BTC's killer app to accusing it of the price decline. You also overlook the fact that altcoins striving for acceptance have every bit as much use as bitcoin. I can use blackcoin anywhere I can use BTC through a number of different services, including shapeshift lens. Hasn't helped the price any.
Now BC comes with this "increase your staking" scheme. It brings NOTHING, of course. Nothing than anyone promises, be it decentralized exchanges -the latest fad-, be it side blockchains, be it anon, be iot "smart" contracts, they all will come in 12 or more variety of flavors, all pretending to be better that the others. All will mean absolutely nothing because no one, I repeat, no one will ever use them... until IBM, fully centralized, offers them. The rest is just playing a very, very ruthless game with one purpose only, regardless how they choose to disguise it: To take you money.
Yea, the BC staking idea we are posting about here doesn't seem like a great idea to me. I suppose its intended as a way to build community and encourage people to stake their coins. That's fine. Whatever. So what.
However, I'm a firm believer that people will begin to use this stuff. It's just going to take a catalyst to encourage it. Like the next recession and possible the downfall of the American economy, which in my eyes appears to be only a question of time. When they do experiment with bitcoin, its only a matter of time before they explore better solutions... and Blackcoin is just one of many better solutions.
