Altcoins, pump and dumps and managing expectations
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I say : “In the clear water, the fish do not exist forever”. Need tolerance, take the middle road. ^-^
I like this. This little quote has brought a little smile to my face.
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yes and mine even if I’m not 100% sure what it means
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Wow much comments! Thanks everyone.
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I think generally its difficult to determine what the motives behind the creation of a coin are. I think this could be one of the things that allows Feathercoin to stand out as a legitimate means of monetary exchange and merchant consumer use as bush has been clear right from the start that this is a long term project and not one that is designed to make anyone rich quick.
That does not mean that it isn’t a possibility but it would be an outcome of the coin becoming well known and used rather than artificial pumps or media coverage.I think alts need to do a lot more to prove their legitimacy or risk being written off as a short term speculative asset with little or no long term prospects.
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Remember POGS? Those little cardboard collectable disks. When they first came out and hit the playground, you only had official POGS, but eventually the playground was flooded with POG like clones from various themes and various qualities. If you were collecting POGS you didn’t want to play (essential risk of trade) with other people who didn’t have official and genuine POGS.
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Great show Chris, excellent work asking the pertinent questions that need discussing.
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Great show Chris, excellent work asking the pertinent questions that need discussing.
Thank-you for watching.
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Finally got round to watching this the whole way through. Fantastic show, it’s nice to see alts being discussed in my new favourite media. I love these YouTube shows.
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When people enter a coin managed by nice and smart people such as Feathercoin team, the expectation is that something is being done about the rampant market manipulation. Something more than just “here you go, another alt for the biggest player to pump and dump”. As for Dogecoin, it actively abuses the inability of some people to do big numbers math. But Feathercoin was never intended as scam. If nothing is done against pumps and dumps, their amplitude will increase, not decrease with time.
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Paroramix, I’ve enjoyed reading your posts recently. :)
