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« on: January 05, 2014, 06:08:22 PM »
Here's my outake on the alt market including GLD: it's become too easy for cheap pump and dump or mine and dump coins to be made and every day the markets are getting flooded by profiteers, who don't care about the longevity of their coin.
I think that if GLD is to really succeed, and believe me I want it to, it should be re-inventing itself at the protocol level to differentiate itself from a clustered market full of 'the same thing' but with different names.
To save GLD my vote would be get inventive and reprogramming GLD, hard forking it if needed, so that the mining also returns some secondary properties such as namecoin and primecoin, thus giving it some extra merit.
I know it's not easy but in a myriad of coins that will keep drowning out other similar coins (all doing the same thing) you've got to get inventive at core level and offer something better.