|Klaus van der Kroft|
Krensky wrote:Meet the new tulip, same as the old tulip.
I doubt it.
It takes a certain special kind of mind to say "well, Bitcoin itself turned out to be a total failure, but this Bitcoin-clone -- Buttcoin -- is obviously going to make it." Especially since there are something like 100 different and therefore competing cryptocurrencies out there, none of which have anything like Bitcoin's name recognition or market domination.
Should I pour my resources into Litecoin, Namecoin, Peercoin, Primecoin, or Feathercoin? Or maybe Mastercoin? Ripple? Cryptocoin? Dogecoin? DragonCoin? Boskoin?
If you answered "None of the above," you're probably displaying the appropriate amount of skepticism.
But that doesn't mean some people won't find a use for it. Bitcoin, even if it's now showing its weaknesses and risks, still made a lot of money for some of those who dabbled in it, and there seems to be no specific condition forbidding a Buttcoin from doing the same. New strategies will be developed, old strategies will be reused, and a cycle will start again (probably a lot of parallel cycles are already starting/going on).
Whether that will ultimately lead to a crisis of the system or push it toward a more structurally stable form, remains to be seen.