hey goat, let's hang out a bit and talk trash...
I've thought about something... low volatility leads to people on the forums (especially speculation subforum) getting bored and...
I've thought about something... low volatility leads to people on the forums (especially speculation subforum) getting bored and...
- ..go outside and maybe talk to newbs about bitcoin
- ..do actual work on bitcoin-related projects
- ..sell all their crypto
- ..try pump&dump on some alts
there is massive volume traded, just no longer on the exchanges. who in their right mind would trust gox evar? also us exchanges? our govt is not even operating....
well to your point however yes this is a "slow" time for btc and yes this forces people to go out and do things. there is not a massive media hype now but everyone knows of btc. if you told people about btc two years ago they now know why you have that R8.
i was always into an alt. im a huge huge LTC guy but thats is cuz it was the first fair alt out there. now there are 100s of alts, so many i dont even know! we do need a back up or two incase btc forks itself again but 100s? man... but anyway, free market for the win!
I agree altcoins are a good thing. I also agree LTC was the first fair one and it seems to be managed well. PrimeCoin (XPM) also stands out because it's the first one with PoW that actually does something (incentivise math research).
A lot of the other alts are essentially ponzis, of course and I don't even monitor that market. Maybe one will have even more useful proof-of-work function or some other substantial improvement. The inventors and early investors on that one would make a ton, I guess.
As you say: free market ftw!
side-note: bought some nice-looking silver coins (the ones with the Bitcoin logo) from NewLiberty in Amsterdam. Pretty well-done coins, I must say. The guy has his heart and mind in the right place, too.
