Can anyone explain to me why would anyone invest in a coin which heavily favors early adopters? I mean whats stopping people from dumping 20% of all the coins mined after 1 month?
Klondikecoin did something similar. It had 77 coins per block in the beginning, then a lot less (16 afair). Its price has fallen more than 20x.
To anyone reading this: please think and do some research before you buy this coin.
It's not too late to be an early adopter. This coin is 10 days old, you have not missed the boat yet. Reward was lower than at start, (480 instead of 512) but only by 6%, not half.
Diff is not too high for the moment, and price is low. I mine it, but i buy it too.
What's stopping people from dumping ? Nothing, just look at the bitcoin, chineese people (and others) are just dumping it right now. Are they early adopter? Not sure.
But after 10 days, some GRS were dumped, and we bought those. Coin value is pretty stable for a new currency ( in comparaison to others)
Summer is coming. with heat. Scrypt asics in volume too.
Alternative algo like Groestl, which consume 1/2 less than scrypt and 1/3 less heat will surely retain attention.