Do they compete with the real coin necessarily?
With DOGE, LTC or DRK, you can't earn interest. Either I still don't understand something elementary (completely possible, even likely!) or this is a no brainer - assuming enough volume, one can get the original amount plus any interest as BTS, which can then be used to buy the altcoin again - and ending up with more (& more valuable) than the initial investment.
Seems like a killer combo to me.
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I was under the impression that 51 delegates publishing the feed was all that was necessary for this to move through. Is this not the case then?
If so, I strongly, strongly suggest that these be added:
- bitDOGE
- bitLTC
- bitDRK
Vericoin looks interesting but it also does staking, so it complicates the situation somewhat. Ditto for Peercoin. Vertcoin might be worth looking into as well, but like Vericoin, it's barely traded right now, so it offers no advantage.
In the case of Peercoin also keep in mind that the transaction fee is fixed at (afair) 0.01, which should the coin valuate, will quickly become expensive. Seems to me that it's meant more as a savings account kind of thing.
Litecoin is as obvious a choice as Dogecoin, even if technologically speaking (much like DOGE, actually) it's no longer got a lot going for it. It's undeniable that it's (LTC) seen good adoption, however.
DOGE is still going strong as well, and adding bitDOGE would give us AND them good publicity.
Have you guys looked into bitvc/okcoin ? How much litecoin lending/borrowing and saving (they offer a flexible savings plan funded from trading fees and what not, for bitcoin a fixed one which offers much greater interest) is done there?
Move just a small part of all the savers there over to us, and allow the DOGE and DRK guys to do the same.. inform their communities of how to take advantage of this... and I see very bright days ahead indeed.