COIN is really young. It's just 5 days old. There is constant growth of twitter followers, and giveaway participants. Hashrate is quite low, jumping between 50 and 100 MH/s, but there is just few miners constantly mining.. most of the time, miners are changing (looking at P2Pool data) and there is no concentration of COIN just for few miners.
COIN is not like other hyped currencies. It's aiming long term, stable services, a valuable asset in Internet payment processing.
The name COIN is by definition general purpose, so the vision of the COIN is general purpose as well. I'm a big fan of fedoracoin, or tips, or how they are calling it self today.. But tips have a purpose to tip.. There at community they want to be a restaurant tipping facility, and that is quite not possible. Can you imagine going to the restaurant paying with let's say with fiat, and tipping with TIPS? or paying with bitcoin, tipping with TIPS?
After the dinner you will go to the shop, buy some wine with VinoCoin, crisps with CrispCoin, and condoms with CondomCoin.. Naturally, you want to watch a film later on, and you will pay for it in MovieCoin.. And after a long night when you wake up you'll go to the coffeeshop and get some coffee with CaffeineCoin.. Buy breakfast with BreakfastCoin.. end so on..
How many coins you need to have? how many exchanges you need to visit just to get all the coins you need for everyday needs? And how will you explain to your date, she can't have a red wine because you only have WhiteWineCoins..
General purpose Coin is needed badly in altcoin world. Soon bitcoin will be too valuable to have real world purpose, it will be commodity, and no sexshop will accept SexCoins as it will not be comfortable for customer to go over the counter and say: "can you please give me some sexcoins.. you know, I want to buy sex toys discretely.."
COIN is not aiming to be coin just for exchanges and speculation. Primarily a real world value coin, general purpose, with services online and brick and mortar.
There is hell lots of work to accomplish that goal, but it will be done.
Every one miner, every one trader, every service, and every holder of the COIN is important. Network is relying on all of them. Today network it's 5 days old, doing great.. looking forward to the future.
Start mining now, get yourself some COIN while is so easy to mine. Next logical step is exchanges followed by online services..
. Although this thread is quiet, dev has been responsive on Twitter 
