@rpietila -- i agree with you on your initial post back last year about the altcoins you listed. I was also in the same boat with the nxt premine distribution, but having following it for the past year it seems that their platform is more promising than its coin aside from the premine aspect. I'm curious to what is your thoughts on it so far with its latest developments.
I haven't really followed the "blockchain 2.0" things including NXT or payment networks (Ripple, Paypal). I also don't know about technology and it does not interest me. I haven't invested in any of the aforementioned and don't think I will.
Although XMR is down from where I told that it is "very interesting", I have followed it closely and been actively involved in the development. I feel there is a great undervaluation ongoing, and the rise that started a few weeks ago is just the beginning. XMR needs to make a new high ($5+) to make it a convincing case for an altcoin that has future. We still have about 600% to go to reach even that value, which means there's money to be made.
Money I do understand, technology not.
I think I said this a while ago, at one point (way before Monero) I was very optimistic about generation 2 coins, coins that could run applications and such.
After following the developments of MaidSafe, Ripple, Ethereum for a while the idea turned a little sour in my mind, and this was still before Monero was on the scene.
The reason for sour flour? Imagine the internet was bound so that each TCP transaction was tied eternally into dollars?
Yep, it all kind of fell apart from that point onwards, in my mind.
I felt that the solution wasn't in tying a currency into such a platform, the solution was a generation 2 platform that would be coin agnostic.
The ideal platform would be more open and fluid, accepting any number of currencies to run it's underlying system, some of these apps might not even need to be tied into crypto currency at all.
One of my beliefs is that over a long enough time span, almost all systems will become open. I believe the same will happen for these platforms. Ethereum might be open source, but it's still a closed eco system for the applications running on top. The fuel is a single coin that can never change.
Once I convinced myself that the true generation 2 platforms would eventually run on top of any currency (using perhaps some type of API?) I started looking for a new coin, one that can compliment my Bitcoin investments. I found Zerocoin and waited for it, but as more information came out, about the trust issues with the initial accumulator state, I moved on from that idea.
I waited and waited and then Monero came along. A fresh idea, a coin that wasn't tacking on Gen 2 crap, closed eco systems, and a coin that offered anonymity now with a growing development team.
So I started investing with my fingers crossed.
It was a while after that you announced that you too were interested in Monero, and having knew who you were beforehand really helped back up my decision.
Perhaps Monero will be my saving grace, that future platforms will run on top of it and others, with Monero leading the way as the true cash of the internet.
Who knows.
Separate church and state.
Separate coin and platform.
:p
