I feel dizzy, too many alt coins.
This is nothing. I've been doing research and apparently it's relevantly easy to start your own coin. Success is not that easy but your own coin is not difficult as "Santoshi" did the math and physics part, which was the brilliant and difficult part.
Now one just copies the bitcoin client, tweaks it, writes some new code for I forget which part and releases it.
Therefore I predict we will go from today's dozen or so coins on Vircurex to at least 100 in the next 12 months and it could get as high as 300 within 2 years.
The good: lots of coins to mine for next to free if you have a good rig. And also, each new coin makes improvements by building and improving on the flaws and strengths of the latter and thus eventually a near flawless, new super digital coin will be born which will give rise to true and efficient digital currencies and real cryptostock model, although in the end only a handful will survive as is the case in any new industry.
But this is all digital so it won't take 40 years but more like 2-5 years. Which in turn means millions can be made at "digital" speeds, speed of light, and I mean that quite literally. There has never been anything like this where millions will be made in a matter of weeks or months by those who got in early and have the nerves of steel to not sell for that key $100,000 where most people feel rich and pull the trigger.
The bad: it will be very hard to pick the next winner as time goes on and the field gets littered and so devcoin has a small window of opportunity in which to get noticed, get ahead and show it has an actual business plan, something no other digital currency has right now, thus, making it the first true CryptoStock.
And as far as that goes the guys running devcoin are making all the right moves, especially given their very limited budget. Imagine devcoin with a fraction of the value of bitcoin, it would take over the planet with its current business plan.
And if real investors (wallstreet) ever get the taste for blood in their mouths for cryptostocks, you can bet they'll first accumulate devcoin and then do what wallstreet does best, pump it and spin it into an oblivion of riches most on these boards have never dreamed of.
Hold your devcoins as long as you can as I see things turning and changing very quickly and it should start to appear evident in the next few months, 3-6 months is my feeling.
Good luck!
Regards,
Vlad
