There's three reasons people buy an alt-coin that I can see.

1) Pure speculation: Thats 99% of all alts, because you really do anything with them that BTC doesn't already offer. That means most of them are pump-and-dump by nature.
So price may rise and fall, but it's at best a zero sum game.

2) Usefulness: Some of them actually offer something that BTC is not as good at. NXT for example has built in asset exchange. This may attract someone who actually uses that feature or someone wants to send more anonymously so they buy perhaps a coin like that (not sure anyone actually reduces anonymity with one of them at the moment, as they have to go through exchanges and whatnot)

3) Hope of future usefulness. This might be counted as speculation, or at least hedging against BTC. This might be where XCN fits in. I have no idea if the blockchain will be such a problem that it hinders BTC eventually. I don't think it's a real problem right now.

I myself have bought a few thousand XCN in a combination of 1 & 3. I don't really care about the price right now, because the investment was very small. If you have such a big stake a coin that is this new and it's usefulness limited so that the price of the coin at this moments affect your personal finance you might reconsider your investment strategy.

accumulation is good, if the coin skyrocket later, but it's not guaranteed

Yes, a lot of things could be useful had they been used. But they are not at the moment and we don't know if they ever will. That's what I mean with hope of future usefulness and also the reason I hold some XCN.

moonbound bitchess. watch them graphs

XCN's safe zero-confirmation transactions seem ideal for online poker.  Shall I PM crazy old Micon and ask for his advice on marketing to that niche?

Hoping the dumpers will sell into my wall at 100 satoshi, though I doubt it... 

Pretty sure these people are gpu farms or botnets.

I'm guessing he's saying you could run the whole game on the blockchain. With no limit on transactions and/or problems with bloat I'd guess you can decentralize the whole thing.

But with a fee for every bet that might end up expensive? But probably much less so than regular rake.


Now that I think about it, this would sure be a killer-app for XCN, as this provides some usability right away that's hard to do with BTC.

Well the withdrawal limits need to be set up properly for secure 0-conf transactions to work, and like you said the fees may make it too expensive. A central poker server would still be faster and less expensive.

What a useless coin, I am sure our friend "Hero Member" has made tons of BTC from this, Coins from newbie are better than this!