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wezelvis

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Posts posted by wezelvis

  1. The operative term here is "commodity" though. Your points are regarding a "currency", where you buy things with it.  I'm not saying having currency value for the coin is not desirable, but the value of a crypto-commodity may not be in how many things you can buy with it, but how much currency you can exchange it for at some point down the road.  

     

    Other "true" crypto-currency projects aim to provide the near-instant transactions and other features that will be needed for a widely adopted currency.  MNC has the stats to hold out long-term and be a viable support for those other currencies. (But currency uses are sure welcomed, in the meantime!)

     

    I understand your point about 'commodity' vs 'currency'.

     

    Alt coins are very competitive now, and I am of the opinion that a number of crypto coins will survive and prosper, and I think mincoin will be one of them!

     

    The coins that die will be the ones that have the least number of 'exit' points, and thus, will not generate enough confidence & trust from users. Many coins will have exit points at exchanges only, and for a while that will be enough for people to have confidence and trust enough to hold them.

     

    In the medium to longer term I think the coins that maximise exit points through eCommerce (i.e. buying things through shopping carts) will be the ones that are around in 5 years time. They will have more utility.

     

    IMO there will be too many 'commodity coins' for all of them to survive - the ones that actively promote themselves as currencies will have the best chances.

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