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RE: HODL was BAD for the TULIP MANIA
Better coins and better awareness will kill BTC. Even ZenCash #161 in market cap at the moment is far superior to BTC. Buttcoin is a bubble. It's bound to pop. There are dozens of reasons for it to pop. One (or even many) of them will be the final snowflake that cause the avalanche.
It's going to be a feeding frenzy on alt coins this time around.
The feeding frenzy will be much affected by zealots and uninformed noobs. Lots of idiots will dump great coins like the Aug 1st BCH event. Just look at what I had to deal with.
https://steemit.com/@vimukthi/recent-replies
Their loss is our gain, just as our losses are someone else's gain. The true nature of the free market. Round and round we go.
Not necessarily. In a free market everybody could possibly end up making the right investment and make money. But that requires lots of insight and intellect and tons of research.
But that's when you are going long. In shorting its always one winning at the expense of the other.
I should rephrase that to clarify the point. Thus is the true nature of PEOPLE in the free market, fickle.
Is that Zencash shout out for me? :) You know I love it @vimukthi!
Yep it's a shout out for you @anarchrysalis
Zencash is a competent product. It still has no chance at competing with Dash or even PIVX. But the thing is BTC is utter garbage. Competence is infinitely better than garbage. I even believe blockstream should commit Seppuku in shame for existing in the same world with Zencash.
BTC is a curse, a relic and a piece of garbage. ZENcash is competent. I'm always with competence.
Ha, nice, and thanks! Competence is good in an incompetent world.... and I'm hoping that a foundation of competence can help build something that ultimately moves toward something better and maybe even exceptional.
Is there something fundamental about Zencash that you see a problem with? I don't have any sort of technical background and I just really like the team and their mission of inclusivity and privacy.
Big news out of China with the closing of major exchange BTCChina. Bloodbath out there.
I admire your passion and I see nothing wrong with Zencash. It's just late to the party. Think of Netflix,Hulu and Amazon Prime as Dash,NEM,PIVX. You can't show up and say hey, we are Netflix too. We are just as good. You won't get far.
Alternatively you can try to be https://vrv.co or DTube. The biggest weakness of Dash,NEM,PIVX is that they don't have a large ecosystem built around them. It's a joke to fight them on the protocol level, especially Dash. But if you can build stuff on top of ZENcash like what's been done over BTC, Then you have a Unique Selling point. Then you become a Purple cow.
http://www.sethgodin.typepad.com/
I appreciate your thoughtful response and will watch those videos tonight during my night shift AKA researching cryptos. Thanks!
Zencash can learn a lot from Seth Godin. I don't have much respect for marketing guys but Seth is actually someone who I can approve of. ZEN should focus on a eco system than the product itself or it's not going to have any chance against a behemoth like Dash. Also it needs marketing and (RE)branding. The cash in ZEN itself is a red flag. Look at PIVX. It's a ripoff with commitment and aggressive marketing. I worked and the coin may even gone over $1 billion by mid 2018.
https://www.youtube.com/channel/UCr4Wk2opstIsUvMOz9quFSg/videos
PIVX is your guide to make a killer ripoff that shoot to the moon. They ARE a clone; but a PURPLE clone.
Ok, I have some good homework for tonight now! Thanks!
That guy in the video was a bit too much.
Why is "cash" a red flag? What does that bring up for you?
Zencash is certainly aiming to tout the community/ecosystem, from what I gather on the Slack. There have recently been new logo designs floating around and there's currently a Tagline competition. So, we'll see I guess, but I think a bunch of the things you are looking for are happening. It's just very early in the game for this project and I guess we'll see if there's staying power.
"Cash" is an overused term. It's like all those companies having a .com at the end during the dot-com bubble but less severe. When a small crypto use the term people will be subconciously thinking of all the big coins that have "Cash" at the end. Then there are lots of scam-ish coins with "Cash" at the end. You loose originality and also get negative impressions by using "Cash".
Here is another must read if you care about ZEN: https://forum.nem.io/t/nem-will-surpass-bitcoin-eventually-and-heres-why-and-when/7447
Steal from their playbook and make it purple.
What is Seppuku? Is that like Hari-kari?
It's the same word differently arranged.