RE: Why Raiblocks Will End as a Pump & Dump
What is exciting about RaiBlocks is not that it is fast and scalable, but mostly that the transaction fees are zero. Zero fees is not the same as low fees, especially when it comes to microtransactions or adoption in countries with weak currencies and incompetent governments. There needs to be adoption beyond that though. This would be the coin I could see people rallying behind, if the tech works and it can mature. I think the dump will not be from the hype train dying off, but if or when vulnerabilities of this unproven tech are taken advantage of.
I think the hype for Vertcoin was genuine at the time (unlike that of current moronic Verge shills). It is/was the people's coins. Raiblocks also feels fair and the community support behind it also feels genuine. I hope it succeeds.
A good point! Low fee's are only low so long as the price of the coin is low.
Back in 2015, I could send a Bitcoin transaction with a fee of 0.0005, which was a few cents. That was a low fee. You can still send with that same fee and it still works (sometimes), but now that's $7. That's also only accounting for that fee in USD (my local currency), not to mention when you add another dimension of additional non-USD currencies and their relative values, it gets way more complicated and sometimes expensive.
No fee's was one of the reasons I have been a big fan of Steem, and is one of the reasons I'm also a fan of XRB.