What I like about alt-coins is how one can use that for games. Imagine making a game where a custom alt-coin, a bitcoin-fork coin that has no value outside of the game, used for transactions. Seems like a cool idea to me anyway.
What I like about alt-coins is how one can use that for games. Imagine making a game where a custom alt-coin, a bitcoin-fork coin that has no value outside of the game, used for transactions. Seems like a cool idea to me anyway.
The flock of people looking to buy in allow the last group to get out of Bitcoin. Eventually you dry up the well of people who'll be able to bankroll each successive generation of "investors".
There's no commerce going on with Bitcoin on any significant scale, which means it's hugely overvalued. It's just a question of how when the next group looking to buy in on a crash is significantly smaller then the people exiting due to it.
[1] http://bitcoincharts.com/charts/bitstampUSD#rg30ztgSzm1g10zm...
Unfortunately, without the right economic motivations the system isn't secure. Many altcoins have been exploited in the past. Perhaps as part of a game thats okay, but it might be hard to balance things so that the game didn't become entirely about exploiting its currency-thing.