Below is a chart (A barebones one) that shows some of the Big Fish behind Bitcoin.
(If you want to delve deeper go here http://www.muckety.com/Bitcoin/5098400.muckety)
Bitcoin is Cryptoworlds "Reserve Currency" much like the USD is currently the "World Reserve Currency" and UK was in the early 1970's.
In market trading one strategy is to locate the big fish and find the direction they swim in. (The parasite system) Their scraps are your food.
If you swim against them you are their food. One can be contrarian with Big fish swimming in a contrarian trend ... Like Bitcoin.
Here is Google's new entry into the bitcoin marketplace https://www.buttercoin.com/#/ (Very recent)
Everyone be encouraged and work to get this coin recognized. When things take off ... "all the ships in the harbor will rise."
This one will rise far more due to it's structure.
The Winklevoss Brothers are working on creating a trading ETF for the stock market. (Will be ready in a few months)
Bitcoin will go crazy then.
Our job now is to get Speedcoin in place for that huge influx in this market.
Nice analysis
It would be a case of marketing and starting to spread awareness of SPC in order to tap in to that potential market. A strategy should be formed with the help of this community in order for SPC to succeed and stay relevant once SPC takes off in the future
The long term goal of SpeedCoin is to become a major crypto-currency to work along with Bitcoin, and not to be just another clone of Bitcoin.
That's why SpeedCoin has two fundamental advantages that need to be emphasized. The first advantage is the 35 second block time speed which is a major advantage in terms of faster payment confirmations for customers and merchants. This will pay a key role in the future of SPC as it grows and supports a growing economy which uses crypto-currencies.
The second advantage of SpeedCoin is the biggest one which is the interest payments which will last for at least 10 years at the 64% annual interest rate. With daily interest payments at 0.137% paid directly to any address containing a balance without staking, SpeedCoin is competing with the banks of the world and provides a high interest rate and flexibility that a bank could not do. Using Proof of Funds, users of crypto-currencies are no longer restricted to keeping coins sitting in their wallet and keeping their wallets open. They are free to move coins however they like and still get paid interest.
With these unique features of SpeedCoin, SPC will gain huge momentum and may bring more people in to crypto-currency world.
Our next steps are:
- Making SpeedCoin much more user friendly. We want to help bring more people in to the crypto-currency world and make it easier to understand and participate in.
- Getting on to more exchanges. We will try doing this, but we need more voting to convince exchanges! Contact your favorites exchanges and ask them to add SPC, more volume is good for SPC.
- More rewards for miners and holders. We will be looking at introducing a 20SPC reward to one SPC address weekly and announcing the winner here!
- New website direction, making the website more accessible and friendly.
- Offering bounties for those who will produce an Android wallet, online wallet, or any other innovation that benefits SpeedCoin!
Let's make SpeedCoin succeed! Help SPC by voting on your favorite exchanges, spreading the word about SPC on Twitter and Facebook and word of mouth!