Thanks for all the information. It hits me as more or less the same thing.
So, I see that individuals almost for free created netcoins, or any other cryptocoin other than bitcoin apparently is trying to create their own financial hooks into the regular economy as some sort of useful currency and their own infinite commodity that can be traded like bitcoin concept.
They all have been saying this for 20 years now and and it's no closer than it was 20 years ago.
Since they can't mine it, might as well make a copy of the concept. So, somebody somewhere creates ethereum, issues it themselves and sells it that it is a fungible currency somehow. By passing hopefully all that negative bitcoin mess.
Well whatever floats an investors boat. If the industry and markets get greedy enough, I'm sure they'll find some way to ultimately force it down our throats anyways.
Me, I don't see a real world need for it. I can do it all right now with my credit cards and debit cards and bank accounts online. Bitcoin and cryptocoin promoters and creators probably should stop with all the bullshit that we will be using it for starbucks or whatever for daily pos and just promote cryptocurrency as a investment play only and stay away from the rhetoric that it's going to replace the dollar or any other country's fiat currency or even a metal backed currency. Because if a government gets a hold of a netcoin it created, taxes it and issues it as some sort of alternative currency, then it's just another form of credit anyways. If the government does do this, then kiss goodbye to ethereum and the other 4 thousand silly netcoins being created every week.
Which begs the question. If say, the US gov invents their own netcoin/cryptocoin, backs it in some strange fica way as an alternate type of credit or currency, wouldn't bitcoin, and by extension all the cryptocoin exchanges pretty much lose most if not all their value?
Wouldn't all bitcoin/non government crypto become illegal, like we can't print our own dollars?
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