Hi @lukestokes, I have read your previous blog on Smartcash and I have visited the smartcash website and have read virtually everything I can there.

Here are my opinions:
It reminded me of Dash - same aims, same way of operating.

I could not find a White-paper. That may have answered some questions.

I don’t know if there is a huge overhang of coins. Your previuous post implied that there could be 55% in the hands of some whales, possibly the founders.

In the absence of a white-paper, I not could find the maximum issue size, nor the inflation rate. Unless I misunderstood something on the website, it looks like the monthly inflation rate is very high. Too high for me.

I understood that to particpate in rewards you need to hold for 30 or 60 days,and then you get a monthly reward based on the photograph as of the 25th. It was far from clear that the coin holder gets the bulk of reward. It looks like it mostly goes to someone else.

On coinmarket .com it shows 5 billion coins to be issued, but only 678’000’000. Coins in circulation. That looks like a big overhang.

As you pointed out, the volume traded is very small, and on an exotic exchange. I think I saw that only 8 bitcoins worth traded.

The number of people on the team looks small. They are looking to grow that.

In conclusion, I was left with un-answered questions.

I don’t think the website provides all the required information - at least not clearly. It wouldn’t be hard to do a better job. What worries me most is the lack of clear information. It gives me alot of suspicion that there are things they would rather not say.

If I make some concessions and assume that my mind could be put at rest for the large overhang, for the reward system, and the inflation rate, then I would start to focus on the potential upside.

As far as I can see, upside is dependent on wider adoption,which in turn depends on the marketing. I didn’t see anything that makes me think there is enough traction in the marketing yet. I am relatively unconvinced that their ambitions will be achieved. Maybe I would be a bigger believer, if I had spoken with them, like you have, or even better, looked them in the eyes.

Bottom line: speculation is so rife in the crypto -markets, that it would be easy to catch the small guys who don’t read. Therefore it could rocket on the smallest bit of publicity. There’s nothing wrong with playing the “greater fool game” but to play it, I would like to know why the fools would go for this coin as opposed to the 100s of others.

That’s my answer to the first question.

As for your second question, you have clearly studied this, done your due diligence, diversified, and reached a rational conclusion for your course of action. So, “No”, you are not crazy.

I reached a different conclusion than you, so I won’t be investing. I just think there are too many contenders, in the crypto-money space and its a real gamble, which one will win. They all pitch instant transactions, no/low cost, and some degree of anonimity so I won’t be investing,

Good luck with your investment anyway!