Blake Coins: The possible future includes crypto-gamers who don't need jobs to pay bills

Lots of excitement over PHO is a good thing in my opinion. But there are three things I really must address...

1. Bad Memes. Please, for the love of all that is sacred, use knowyourmeme.com... If you want memes to drive adoption, you need memes that play on the accepted standards of the global internet community at large. Your memes are not that good that you are going to reinvent the genre. Seriously.

2. Not understanding even a little bit about how blockchain works. Before you decide to love PHO, learn how to blockchain.

3. Not doing your own research. Information is readily available whether you still use creepy uncle google or duck duck go... Just search. If you can't even figure out what questions to ask, or even that you should be asking questions before you dive into something, why not just like bad memes and scream about $1 PHO and leave it at that?

There will be 90 billion PHO created (21 billion already exist). The difficulty of blocks on the Photon blockchain will not decrease over time. This makes it rare among cryptocurrencies, as most become rarer over time as block rewards decrease over time. If you want $1 PHO within the new few years, you will need well over 20 billion USD of market cap. Sure. Adoption of the coins could drive that, technically speaking. But this would currently make PHO a top 5 coin, and there is no use-case other than private and exchange trading currently on the market. People would have to be trading tens of millions of dollars of PHO per day. Right now the volume is about 200,000,000 PHO per day on c-patex, which sounds like a lot but it is about $35,000 per day at current market rate.

If the volume goes to about 6 billion PHO per day, we might reach USD $1 (if the dollar as still worth as much as it is now, which it won't be because fiat / fractional reserve). So by all means, if you like bad memes talk about $1 PHO as much as you want. If you are an investor speculating on PHO, understand that it will take a global cultural paradigm shift to the point where people playing video games and geeking out on cryptocurrency is a full-time job for hundreds of millions of people. Right now there are about 1000 or less that can make a living playing video games. For the market to support PHO even at $0.01, Blakezone is a household name.

PHO is currently very trade-able and very inexpensive. C-patex, while not listed, is a functioning exchange. Do I hold any balances there? No. But have I used it to trade PHO for LTC and BTC? Yes. No problems. PHO transactions are pretty snappy, maybe a minute or two for a few confirms. It's a usable coin, and its low value makes it more fun to trade, I think. You feel like a whale trading like $100 worth... ;)

You can trade PHO at C-Patex. for BTC or LTC (or BLC if you have some of that). Current lowest selling ask is 78 litoshis (USD $0.00018) or 1 satoshi (USD $0.000139). BTC is the better bet if you are transacting large quantities, but at small quantities, LTC is the way to go as fees will kill you.

Seems to me that PHO would be good for private transactions, too. With the Photon QT wallet, you can send signed messages to use for receipts and contract-like type stuff. You can make new addresses easily and if you use a firewall and VPN, I think it's good on privacy.

Really the way to go is mining... I was mining at 3.4GH/s while writing this article with no lag. I an about to watch some netflix while mining and there will be no problem. With one AMD RX 570 I can mine about 60k PHO per day, as well as between 5 to 25 of the other merge-mined coins BLC, BBTC, ELT, UMO, and LIT. If i were to point my 6-card nvidia 1070/1070ti rig, it'd be closer to 500k PHO per day (conservatively) at current difficulty and network hashrate. This number won't decrease over time due to block difficulty--only due to relative amount of hashpower on the network as compared to my own. When more people are mining it, my share will be less and less. Seems fair to me (except Nicehash, they can go straight to hell). The Blake coins will be merge-mined by gamers while they game when the original use-case is implemented. The other Blake coins all have decreasing block rewards over time and significantly lower max-coin limits than PHO so I would suspect they will be worth far more than PHO when they are being used in games or for other use-cases.

I would imagine a gaming team would organize their own mining pool to compete with other teams. A team with a larger network hashrate would be able to outspend and therefore outcompete a smaller team. The biggest teams will be running farms of ASICs... If we extend the $1 PHO metaphor, at this stage, the dollar has completely crashed and the biggest gaming teams are multi-national corporations with tens of millions of gamers and other employees and their own cryptocurrencies. Why would they use Blakecoins when they could just fork them or create another merged-mined set of coins of their own? Blakezone games would need to be played by hundreds of millions of people for PHO to be traded at today's vale of $1. Yes, this is technically possible. But let's walk before we run, shall we?

The $1 PHO world--while not reality any time in the very near future--does make for interesting sci-fi fantasy... This technology really is a way for humans to sit around and play video games and geek out on crypto all day and still be able to pay their rent, bills, eat food... Quite honestly at this low-point in the state of global spiritual awareness, I see no problem with people playing games for a living if they want to. If we are going to continually elect the puppets of greedy warmongers and think it's the only way... If we are going to allow our world to be one where money is more important than human life itself, let's at least allow people to create their own income sources. If people want to create their own money while playing games and trade it on decentralized digital exchanges, just let them... Definitely I would read a book about that. Maybe I will write it when PHO goes to $1 and I retire...