Possible add to Chinese exchange seems to be nice momentum for Lisk, and Dapp competition. Max Kordek best of good luck.
You know things are not going well when you need to make posts like this.
Absolutely this is complete scam shitcoinage only designed to make the devs rich.
And that's the purpose of all the coins, to make their creators rich. Yep. Doesn't mean something good can't come out of a new coin, but most of these shitcoins are just that--shit. I have no idea what Lisk is about, or ETH, or Waves, or any of these other coins. They're just things to buy and sell with markets that go up and down, and sometimes severely. They are things to speculate with.
I think Pharm boy is on to something.
Take the phrase "
complete scam crapcoinage only designed to make the devs rich." Variations of this phrase get mindlessly sprayed around a lot in the altcoin and other forums. I don't think the users have really parsed the implications of this statement. How are devs wanting to get rich any different than people in general wanting to get rich? Google devs got rich, FB devs got rich. etc etc. How is the utility of facebook profoundly more important than say Lisk or Doge coin or Xyz coin? Some of the early devs of IBM PC software got rich. Remember the dBase 2, Visicalc and Lotus123? Altcoin devs are supposed to form a monastic order to develop alt coins? If people with sloped foreheads like Trump can get rich, why not software devs?
This commonly made phrase also implies that BTC is conferred with some untouchable early mover advantage that shall not be challenged. How does anybody really know if BTC is going to be cryto's Visicalc? Visicalc for it's time was a widely used only to be superseded by MS excel.
Ultimately altcoins if they resemble anything, they resemble stock market IPO's, where people based on imperfect knowledge make investment decisions on information which sometimes is marketing hype. IPO's can really be a scam in the sense that VC's and insiders who got their stock for $1 - $5 a share unload to the retail investors/institutional investors for a huge markup (Google I'm looking at you!)
In a sense I think the altcoin scene should be celebrated and encouraged because it's one of the few opportunities where the average schlub for low dollars can have the inside track for pennies just like VC's Just like VC's they will have the freedom to swing and miss.
The altcoin scene is just another pocket of wild west capitalism.
Conversely, what is the utility of these foaming at the mouth, mentally narrow enforcers of cryptocoin purity with too much time on their hands?
