RE: ChainCoin (CHC) - Upward from here - Never Sell Just HODL!
I didn't say smaller coins are not valuable or don't have their own uses (steem for example which we are using now), and I wasn't saying CHC won't have some use/value in future.
My point was that from what I read in this post and what I've seen on message boards the focus does not seem to be on developing these uses, but rather on a sort of 'if you hodl it, they will come' attitude.
Perhaps you could link to any current uses? All I could find was a couple of sales listings on cryptopia marketplace.
Again I'm not saying it won't have uses in future, just that those are what need to be worked on before anyone other than hodlers or speculators are interested.
Is there something this coin does that no other coin does? If so people should be pushing that as a plus! I haven't heard any of that though, most of what I've seen has been focused on the current price.
"HODL til 1000,-USD" is not a business plan. And maybe there is a great plan people are working on, I just haven't seen that yet.
I'm very happy to be corrected though if that is the case and hope it works out for the people involved.
I really think your are mixing the two concepts into one….The ChainCoinHodlers group is separate from the ChainCoin. ChainCoin is the product with features, and the Chaincoinhodlers are part of the community, but are not the whole community.
This community is Promoting all the Benefits and Features of the ChainCoin blockchain, while at the same time demonstrating a different strategy of “buy and hold”, in order to give the coin stability and longevity, not just turn around at the first sign of a profit and sell off. This also benefits most users as they don’t have to be “day trading” maybe making a 1-2% profit 10 times a day.
Im not sure what your point is, because you do agree ChainCoin does have some intrinsic value. You said, (Quote)“…and I wasn’t saying CHC won’t have some use/value in future.” So because CHC isn’t used for payment at restaurants and shops, physical or online, it fall under the label “worthless” or “scam?” That would then make almost every other Altcoin or ICO worthless.
ChainCoin is essentially DASH but not Premined and distributed to the developers, in an unfair manner.
DASH actually built its algorithm, X11, off of the CHC C11 Algorithm.
InstantSend, allows users to send tokens instantly and with no fee.
PrivateSend allows for the transaction to be processed with no personal information or metadata to track.
MasterNodes help run these services, while at the same time retaining a 45% reward from found blocks.
Im not sure how you don’t see a plan here……Its pretty obvious. Please do your research.
Heres one great link for you to learn whatever you need about the actual coin.
brakmic.com/faq/chaincoin.html
http://www.chaincoin.org
http://www.chaincoin.org/the-vision/
https://github.com/chaincoin/chaincoin/graphs/contributors
I just read up on the Dash instamine/premine after you mentioned it. Very interesting read, thanks.
I'm not sure why you have the words "worthless" and "scam" in quotation marks as I didn't use either of those words once. Furthermore I do not believe it's either of those things.
Also I did not say CHC has intrinsic value now as you suggest, I merely said that I didn't say it won't have value in future, as you seemingly inferred something which was clearly not implied by me in your previous reply.
There's really no need to misquote me, I'm happy to clarify anything I've said if I wasn't clear.
However you're right my ""HODL til 1000,-USD" is not a business plan. " comment does make it sound like I'm conflating the coin project itself with the hodlers and it is important to note they are separate as you say. That was just a poor choice of phrases by me as I should have made it more clear that I was specifically talking about the arguments in the original post with that comment not the coin development itself.
The point I was actually trying to make is that buying and holding a coin (or anything else for that matter) doesn't give it retained value by itself. It may well drive the price up while people are buying it to hold of course and will (hopefully) as you say give it some stability for a certain amount of time, but it doesn't automatically give it retained value as the original post suggested.
I have actually read the roadmap before, and there's some good stuff in there (though I do see similar things on many coins roadmaps obviously). It might go great, in which case good luck to everyone involved.
I think you're slightly misreading my point as I'm not against the coin project itself, I just don't get some of the 'logic' used in the original post and that I've seen elsewhere with regards to value, price, 'whales', supply/demand and trading in general, and don't agree with some of the statements made in the original post.
If you're right though and the roadmap comes to fruition, uses materialise and 'normal' users start to buy in, then everyone who's bought in early and hodl'ed will certainly reap the benefits of their faith. And if this does happen it will be because of good work done by the developers.
It's certainly one to keep an eye on I think. And good luck to all who are getting in now.
I am totally in agreement with you in that "Hodling" itself does not create actual retained value, and it may, in fact, artificially raise prices.
However, in my opinion, the features of this coin will speak for themselves and the price will follow. Good luck to you on your future endeavors.