Not a bad analysis, but all his opinion.
I wonder if we are heading to collapse. BTC was always pump and dump, but the last year has been nasty. The Gox shit started the ball rolling, but the trust was already on the wane.
The minor alts are useless now unless you join a gang on Twitter and plot a collective move on Bittrex.
The majority of minor alts appear to be scamcoins (rather than vanity ones). The half-decent coins like XPM, NMC, DVC, Beertokens (sic) are just outside of it all now,
We are near to collapse, I think.
That should be a good thing. Time for crypto to enter a new paradigm.
I wonder if we are heading to collapse. BTC was always pump and dump, but the last year has been nasty. The Gox shit started the ball rolling, but the trust was already on the wane.
The minor alts are useless now unless you join a gang on Twitter and plot a collective move on Bittrex.
The majority of minor alts appear to be scamcoins (rather than vanity ones). The half-decent coins like XPM, NMC, DVC, Beertokens (sic) are just outside of it all now,
We are near to collapse, I think.
That should be a good thing. Time for crypto to enter a new paradigm.
I listed XPM (Prime as a market defined crypto) (its my weakest on fundamentals) (the one i looked into less)
NMC - Name only exists on the back of BTC its merge mined with BTC, its distributions reward is restricted on that basis, so it woudl have to "decouple" literally and find a new PoW.
DVC ( in know less about )
NMC has history, and was one of the first coins to be accepted as a means of payment. DVC is interesting because of its aims. It got lost a little bit, but it surely possesses the characteristics to be a success again.
I suspect DVC to recover actually. Merge mining is its game, and now the Cloud Mining services are proving to be expensive, there will possibly be less people dumping DVC.
If not, the DVC "community" better get a strategy and goal together.
