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RE: Digital Penny stocks, with implied value, powered by HYPE.
Great post, I do tend to agree with a lot of your arguments concerning alt coins. I think traders invest in coins they or the market see as "the next currency", "the next platform or what ever, but very few and not even Bitcoin is a FIAT currency replacement yet.
Thanks! I agree, openness of blockchain is great, but without any mechanism for protections from "bad people" scams, hackers, etc. it will never transition.
I believe the solution to this problem will be the true revolution. And that solution will pave the way to fiat replacement.