|
jzhoulon
|
 |
August 25, 2014, 02:25:40 PM |
|
At the current price it puts the market cap of this coin at around 50 BTC, now think about that for a second, the most innovative coin in recent memory is sitting at a market cap of $25 000.
- the coin "cap" of this coin is 50'000'000 now and will be 100'000'000 in 13 days. So someone needed to put ~$2'000 into this coin every day only to retain current price. This coin brings the innovation in mining, but what it brings to customer? Nothing new. So who would pay $2'000 daily? You can say the same about every minable coin  - no, some of them at least claim that they bring to users (=buyers of coin) new level of security or anonymity, or some speed, or some fun.. But nothing new here. There is even no data storage for users: The problem with data storage, is with the current system, anyone can generate the same plot given the address/nonce combination stored in the blockchain to verify things, but if you try to do data storage, not everyone can store a copy of all the data.
- personally I was sure, that deleloper has designed that even before the start... +1 I said this problem before, and i have asked if there is any future development of this coin, for now, only i know is that this mining method is inovative, but not the coin itself, if not adding some application or advantage, this will be a big problem to this coin, lets say, yes, this is inovative to miners, but one years later, after all coins were mined , what's the advantage of this coin compared to others, others have anonymity, can chat with each other, some can be used for playing game, what 's the advantage of this coin itself,, but when i asked this question, some guys just say it will have more function, but can not tell detailly Mining innovation is great, but the space usage of data is not. I'm not complaining, it would be nice if the plots had some kind of positive data/application usages. But the biggest thing is, what is the business roadmap of the coin. Cryptos are a business also that is driven by innovative technology. For the coin to survive, it has to have an explicit plan for the business side of things. no, it makes no sense to use those plots! if i'm a investor, i don't care which way you get the coin, don't care you mine it with gpu or cpu, and for investor, did they need the plots? coin itself is still have nothing innovation to them, and for miners, when one years later, you must delete the plots for they can not mine coin anymore, i don't care what usage of these plots, plots's usage is nothing to investor or to miners. the most impotant thing is the coin itself, its innovation is what investor cares, and what they will take it a long term of investing.all important is coin itself,so if burst want to survive for a long time, new feature of the coin itself must be added Guess there's where you and me don't look eye to eye, I like the technological side of cryptos. Don't want this to be like LTC and BTC, just be currency only. No one came up with anything innovative as far as coin technology after being mined/minted. ie. Cloakcoin anon, NAV anon, etc.... Innovation in mining is a nice honeymoon, but what's after is most important. In the end, it's the business aspect what most people only care, sadly mostly profits. I just want to said feature must be added to coin itself, but not added to plots, because investors don't need any plots, it is meaningless to them, coin must have the feature they are willing to invest for it, i Putting something on the coin after minting/mining, can be appended any time. But the wasted space usage to mine, just really is wasteful in my opinion and probably a couple IT people would agree in that regard. Regardless, I fully support this coin and hope the best for it. i also support this coin , but we need a detail roadmap of this coin,right? we can discuss with dev, if he is busy developing poc mining, have no time to think more about this coin, we can discuss what feature can be add and if we have ability, then we can together discuss with dev and to make a roadmap of this coin, right? when the pool finished, have no problem at mining at all, then what's important is coin's feature, when we introduce the coin to miners , we tell them the feature of POC, that is they can mine with hdd, but when we introduce this coin to investors, what we tell them is the coin's feature..right? |
