Nothing in your message is backed up by any arguments. I would love to know for example:
Why Intercoin looks like a scam
Why it’s ridiculous to be calling Bitcoin and Ethereum the myspace and friendster of the industry when they are literally the first movers and have been around for 10 years but painted themselves into a corner and are unable to scale - no one uses bitcoin for real world transactions and projects building a token on ethereum who needs it to be actually used regularly says they’ll get off ethereum right in their whitepaper (Kik Messenger for instance).
How can you say Intercoin (or EOS or SAFE network or Stellar) has no advantages over Bitcoin and Ethereum, what planet are you on?
We have half a million lines of public code written over 7 years. We have been trying to fix decentralization for longer than you knew about crypto. And MAidSAFE has been doing this for 12 years!
Why would “projects like this” be “burnt out of the space” in the bear market, when I just said they are the future of the space, which has stagnated?
The promise was utility tokens and ICOs, where the tokens would be presold and the network would be owned by the participants instead of extracting rents. Tht was the dream. That was chilled by regulators, in favor of security tokens.
This reaction is what’s ridiculous. Imagine me saying this about MySQL for instance, or Wordpress. It looks like a scam guys. It has no advantages over current first-gen database systems or CMS, and there can never be anything better
Do you really, honestly think that a system burning more electricity than most countries to do 7 transactions per second, where each full node needs an ever growing amount of memory to even join the network, is the best BFT database and distributed ledger that can ever exist?
Look at other projects like Holochain and Maidsafe. Look at the evolving EOS ecosystem. “People” who dislike cryptocurrency hardly know what’s going on it. “People” also disliked the Internet, the Web, social networking, and thought it was a fad. At the very least, answer my questions point by point and bring some substance. Other people are working for years on free open source software, instead of cushy jobs at some cushy VC funded startup, which is likely to fail, and you are calling THEM scammers because...?
You do realize that these projects produce open source software AND are looking to build a decentralized ecosystem where you no longer have to extract rents and have middlemen like Facebook which can be hacked, influence elections etc. And meanwhile you say once these projects are burned out and we go back to ethereum THEN finally we can get back to the business of decentralization? Ha ha ha.
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