HappyScamp



Offline



Activity: 316

Merit: 250









Sr. MemberActivity: 316Merit: 250

Cryptocurrency Strategy March 14, 2013, 04:52:04 PM #1 At this point, it looks like BTC, LTC, and maybe even Terra and some others will be a permanent part of the landscape, with even metacoin (mutual-fund-like packages) materializing in the not too distant future.



Fundamentally, all they are is an agreement to have faith in an idea, and a formula. Brand-wise they are very, very vanilla. That is a good thing I think.



BUT. There is a huge untapped market out there for branded coinage.



Why? Several reasons.



People prefer to steer their money into communities that they feel a kinship or loyalty to.



So, think about it: If you were Christian, wouldn't rather wheel and deal in "Jesus Coin"? It may sound irreverent at first.. but if you were trading in such a currency, you would feel better supposing that there was a darn good chanc that the merchant or buyer on the other end was of the same philosophy as you.



Or: People also like to spend their money locally... so you have not only state-coin (California-Coin, Kansas-Coin, etc) but local cities and towns coin... (Chicago-Coin, Chatanooga-Coin)



Similarly, there are a variety of fraternities and groups whose cohesiveness would support a coin... "Marine-Coin" or "Nascar-coin" or "GratefulDead Coin)



I can see the shape of currencies evolving to fit and vivify the memescape... and it really shouldn't be very far away from us in time.