Cryptsy damaged a lot of altcoins I noticed
There is just to much condensed volume and coins all in these exchanges
so much for a decentralized currency
In reality one of the serious problems alts have is the expectation from investors and teams, somehow most people tend to think that alts can just bypass all pain that BTC absorbed, that is not and will not be the case, whats more, true decentralization is a battle that won't be won in many years (decades?) the technology is just not there ... lets give an example, many coins are investing outstanding amount of time and effort trying to achieve 'trustless systems and true decentralization' but in the real world you are trusting a few developers that upload a binary to a
completely centralized server (usually a web server where the main web page lives) which in turn is subject to an outstanding number of potential threats, even if you are in the 1% that compiles the code (that won't make any difference anyway for blockchain verification) it's safe to assume that you don't audit the code, so whats the point to make a decentralized system
if the entrance point is completely centralized? If bugs are found you are trusting the single team that they will solve them, you may say: 'well it's open source so somebody will' ... in real world that didn't happen, everybody just assumes that somebody is doing the hard work, take for example the heart bleed bug, millions of developers used that code even many corporations (i am talking about SSL) and nobody audited the code until the bug was widespread, the result: internet mayhem.
My point is that true decentralization is an utopia that cannot be achieved with current technology, there are many examples that can support this statement.
All these facts causes a lot of frustration and doomsday predictions which amusingly are really great for us because most crypto teams can't handle the pressure, neither emotionally nor financially, some of them just can't swallow the insanely wide price swings medium-long term, many of them just succumb under strong temptation of hip hoping blockchain technologies or tweaking it trying to manipulate the price artificially, in the end this does not help at all ... therefore most 'competition' we have will just 'surrender' before we do anything about them.
There are many interesting ideas and concepts floating around but none of them solve true decentralization problem and none of them showed to really scale to wide world usage not even to 'small city wide usage'. My guess is that it will take a few years until some technology emerges with an ultimate solution, so while most crypto teams are investing ridiculous amount of effort and time to find the 'holy grail' of crypto we have other plans in mind ... we will decouple as much as possible the wallet from core crypto technology and build tens of services around some layers of abstraction; so when (IF?) the time comes we will switch to the 'ultimate blockchain' and have already tens of transparent services integrated in the wallet becoming automatically the 'ultimate coin' + tens of services, meaning that we will be already in better position than the team that actually found the 'holy grail'! If you think about this it's like all coins in reality are working for us
For the time being we plan to keep PoW as our scheme because the longer a coin keeps PoW then the lesser the sell pressure becomes so the price tends to go upwards (something that can be empirically proved with a statistical model) even for not actively developed coins (take a look at IXcoin for example)
Follow our progress and you will understand part of our core strategy in the following months.
Edit: We won't wait for a blockchain to solve the 'true decentralization' problem just the scalability problem.