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This is all well and good but ...
RE: Cryptocurrency Speculations Thread - NO BitCoin
Isn't Bitcoin the only cryptocurrency with support from a reasonable number of merchants? There are also Bitcoin ATMs in some shopping malls so it seems Bitcoin has at least some infrastructure in place. What are people actually doing with the other cryptocurrencies? Where do they spend them? Even if people are HODL at some point the value will need to be converted. Bitcoin seems to be the gateway used to exchange the other cryptos. I suppose that could change in the future if some large commercial enterprises decide to get behind one of the other cryptocurrencies. Rumor is the government may get involved not only to regulate but to create their own cryptocurrency (Digital Eagle)?
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