Thanks Richard - nice analysis.
Agree on most every point.
At the end of the day its plainly obvious that we just need some ideas on where to aim the future of UTC. We need some entrepreneurial ideas on what UTC can do that the 100's of other coins are not doing. And forget anonymity!
Does it seem strange that the most bland of coins (BTC) is actually the most successful? Sure it has first mover advantage. Its because the growing masses recognise this coin to be the ONLY way to move money. Most of the worlds population don't hear about other coins and LTC is a far of second.
The outcome of the BTC auction should be taken as a learning. Developing economies, (the unbanked) and economies with FIAT under stress and rampant inflation are the real opportunities for Crypto. The strategies of Tim Draper and his crew seem to have identified a key target that I think UTC should really focus on. Hes not a great talker but a shrewd thinker and visionary - with LOTS of skin in the game.
Two things:
1 - Remittances from overseas workers back to their home country.
2 - Stable store of value in countries where FIAT is hyper inflating.
South America, Africa and especially Asia has most of the worlds burgeoning lower to middle class - and they really need fast, cheap, safe transactions AND an alternative stable store of value.
How to do this for UTC?
There are already a myriad of startups handling remittances and trade in crypto in these countries - BUT they are only dealing with BTC. They need an introduction from UTC marketing to a viable alternative that is better - faster and cheaper.
They need Android wallets and transfers via text - its all there already but only for BTC.
UTC is blazing fast - I have constantly been amazed. Try an over the counter transaction with BTC - you will finish your beer before its all confirmed. Not so for UTC. We need to really make this point and leverage from it. A guy in the Philippines I send some BTC to buy some pigs will have to feed and water them before they get handed over. With UTC he will have them on the spit roaster by the time the BTC would have got confirmed 6 times.
So my summary - pitch UTC at developing economies (most of the other coins have missed this and its one of the biggest opportunities) - and pitch it at weak FIAT countries.
Contact Tim Draper - a much cheaper point of entry to achieve his stated goals!
talk to MPESA (
https://www.worldremit.com/en/kenya/m-pesa?,
Philippines -
https://coins.ph/ (this country is prime)
India
China
Indonesia
ETC etc
But one last opportunity - as I mentioned to you at Ultracoin Talk - Voidspace.
http://ultracointalk.org/index.php?topic=10.msg275#msg275Forget the tinkering with ideas that the other shiny new coins offer - hit the SPOT
