fine i'll bite:
as they said in the MIT Bitcoin Talk about all the new coins trying to sell the innovation angle "who cares, yes something its exciting, but you got bitcoin. safe and already adapted" or something like this. hehe
As you can see, tons of coins are coming out trying to push new boundaries , but in reality the just want to recognized for something unique so they can step out of the shadow of bitcoin.
At this moment its the race for Anon. Just so in the end the top coin can say , im the one!
For a coin to be successful it has a simple rule :
POW + Community + adaptation = successful coin
its all about Part D. Here is my speech to Karma :
https://bitcointalksearch.org/topic/m.6433447
Quote
"the community" makes the coin
Part A
At launch time, the dev team can make sure the coin launches and runs smoothly. Then push the coin and the technical part of it and adapt as new obstacles appear. The technicalities of running a good coin are limited to the block chain. This is the main importance of the devs.
Part B
To keep the block-chain running smoothly and effectively the coin and the dev needs its miners. The miner keep mining and solving the blocks and keeping the network secure.
Part C
To keep the miner happy , there needs to be a healthy community supporting them. There needs to be a dedicated community that ensures them that they will be compensate for their work by buying the coins from them at a good price. These dedicated members of the community are called investors. When investors buy these coin at a healthy price it keep the miner happy.
Part D
To keep keep the investors buying the coins at a healthy price the community needs to ......................??
A good coin has a community that has created multiple solutions to this part and are constantly creating more. A good coin has many follow up. A good coin with a good community continuous the chain as follows:
Part D --------the road to success coin -------
To keep the investors buying the coins at a healthy price from the miner, the community provides the investors with reason that there will be continuous demand for these coins. The community shows the investors that people are building on top of this block-chain and soon people will use this coin as a mean to buy clothes, to buy electronics ,to buy services ,to buy food,to buy games, donate to help, etc.
Part E ---------- a successful coin ---------
The community has shown the investors that the usage of the coin will be unlimited and the community have provided more demand than the investors could provide. Thus Creating the virtual gold
Back to part D
This high demand of coins creates a reason for the investors to start offering more money to the miners to mine these coins
Back to part C
The high demand of coin causes a rise in prices. This higher rise in prices , not only keep the miners happy but creates a higher demand for mining work from other miners
Back to part B
This sudden rise of happy minners has created a more stronger and secure block-chain
Back to plan A
This stronger and bigger network create a bigger job for the dev to work on. To keep everything running smoothly the team of the dev needs to grow accordingly.
Part A
At launch time, the dev team can make sure the coin launches and runs smoothly. Then push the coin and the technical part of it and adapt as new obstacles appear. The technicalities of running a good coin are limited to the block chain. This is the main importance of the devs.
Part B
To keep the block-chain running smoothly and effectively the coin and the dev needs its miners. The miner keep mining and solving the blocks and keeping the network secure.
Part C
To keep the miner happy , there needs to be a healthy community supporting them. There needs to be a dedicated community that ensures them that they will be compensate for their work by buying the coins from them at a good price. These dedicated members of the community are called investors. When investors buy these coin at a healthy price it keep the miner happy.
Part D
To keep keep the investors buying the coins at a healthy price the community needs to ......................??
A good coin has a community that has created multiple solutions to this part and are constantly creating more. A good coin has many follow up. A good coin with a good community continuous the chain as follows:
Part D --------the road to success coin -------
To keep the investors buying the coins at a healthy price from the miner, the community provides the investors with reason that there will be continuous demand for these coins. The community shows the investors that people are building on top of this block-chain and soon people will use this coin as a mean to buy clothes, to buy electronics ,to buy services ,to buy food,to buy games, donate to help, etc.
Part E ---------- a successful coin ---------
The community has shown the investors that the usage of the coin will be unlimited and the community have provided more demand than the investors could provide. Thus Creating the virtual gold
Back to part D
This high demand of coins creates a reason for the investors to start offering more money to the miners to mine these coins
Back to part C
The high demand of coin causes a rise in prices. This higher rise in prices , not only keep the miners happy but creates a higher demand for mining work from other miners
Back to part B
This sudden rise of happy minners has created a more stronger and secure block-chain
Back to plan A
This stronger and bigger network create a bigger job for the dev to work on. To keep everything running smoothly the team of the dev needs to grow accordingly.
almost every coin dies in PART C because they are a pyramid schemes and no one bothered to put any work in part D. Building on Part D is a long and hard work. Hence all the good coins take time to adapt and they do no get the hype pump that you see now. But in the end hard work pays off
