Here's my
short analysis of Piggycoin, and I'll be honest: other than a somewhat interesting wallet I'm not seeing much here. Yes, a community can build a coin out of nothing, but with dozens of new coins each month it's getting harder to differentiate. Best of luck to the community, and it will be interesting to see how much my PIGGY are worth in a few months, or even a few years. If there are errors in the specs, let me know -- and if someone wants to fill me in on what's happening with the original PIG now, I don't have time to dig around for more information but it looks like people are trying to keep it going? Interesting idea...bound to fail IMO, but interesting nonetheless. :-)
I guess he missed that PIGGY has a working web wallet, and an android wallet, and some PIGGY games, and a foundation, and a very active dev team, and a multipool, and an educative faucet ... and targets a niche unlike any other coin ...
so yeah nothing interesting about PIGGY.
Oh, wait... I mentioned every single one of those items. Yes: Every. Single. One. (Well, except the faucet and "games", but really, I can't say I care too much about either -- "get your free $0.001 by wasting two minutes of your time!"). Do you know how many coins have most of those items? And do you know how important most of them are? Besides a working wallet -- which is basically a requirement for any coin to do anything -- the games, foundation, etc. etc. do very little for a coin. Look at the price of PIGGY, and despite all the talk here among the "believers" it's not really doing much. Neither is DOGE, which is what... about 400 times the market cap of PIGGY. People might use DOGE for trading, sure, but I don't think anyone is now of the opinion that going long on DOGE would make sense.
I basically advocate holding coins that seem to have a future -- well, at least if you want them to be worth something. VTC is barely holding on, and it was the first Scrypt-N. UTC, YAC, YBC, etc. have all basically gone nowhere despite being early Scrypt-Jane. Get some BTC and hold it, or DRK, LTC, and perhaps a few others and they will likely pay off long-term. But PIGGY? What's it have that's a first? Nada. It has a decent wallet, but if you want to know what drives price and adoption of a cryptocurrency it's really quite simple: volume.
People complain about miners, pump and dumpers, coin developers, bloggers, etc. but without them, none of the new coins will really do anything noteworthy -- well, unless they're actually NEW coins and not just copies of other people's work. PIGGY is a copy of Scrypt, PoS, and X11 all rolled into a new wallet. Great. That's better than 95% of new coins. But given that 99% of new coins are destined to fail, the reasons to hold PIGGY are pretty questionable. Get the trading volume to spike up to 50 BTC in a day and people might take notice, and if you're lucky (and actually have the people to support and market the coin) you might even sustain that. But without hype and someone trying to pump PIGGY, it's going nowhere. 28 satoshis today, 14 next month, 7 the following... maybe that won't happen, but in five years -- heck, in TWO years! -- I will be truly shocked if anyone cares at all about PIGGY.
Worst thing going for PIGGY: the devs already bailed on PIG when it didn't do as well as they'd like. They're looking for the "Next Big Thing", and when PIGGY doesn't meet their hopes they'll try again, mark my words. If I didn't know any better, I'd think perhaps some of the devs for PIG/PIGGY came from CAI/CAIx -- or they're envious of CAI/CAIx, which is perhaps worse.
You really are just making assumptions based on YOUR past experiences that clearly werent good.. The dev is doing the best he can with what he has and has not bailed on anyone. The continued effort and new features being added is better then most. There is an explorer in the wallet aswell as IRC chat built in this is very interesting aswell as there is new features to come. You have yet to see everything in store for piggy.
There is also piggy trusts coming soon! there will soon be piggy held long term and simply selling this idea to parents for there kids will increase overall value of piggy. I will be starting a trust myself and being able to build a website and information around donating to your childs piggy trust will certainly spark alot of interest and help educate both the masses and children which is the goal!
Look at the big picture of the demographic. this is a focus on ease of use and targets mostly but not limited to children. Once there are easier ways to mine, easier ways to learn and easier ways to get piggy then people will see the potential. There will be a time when BTC conventions will want piggy there to help educate and to provide a place for the youngsters to go. Soon piggy will be a strong force in the crypto-world and I think if it continues the proper path and focus points. Theres no reason this cant be huge.
Why does a coin like crypt or cloak or silk deserve any sort of attention at all? due to anon or pretty wallet? features that will die as quick as they are born and spread to coins that actually matter. Maybe pig doesnt have anything specifically overly innovative, but its a proper compilation. Its a great execution. It has great target demographic and again with ease of use updates, rallys and piggy trusts there will be tons of opportunity for new users. This is by far a better option than say blackcoin or any of the other PoS parade going on nowadays. Also I have seen coins that actually deserve attention get trashed like yesterdays news (nutcoin, curecoin, gridcoin) so theres never really a true notion of what will or might happen (even with said nutcoin/curecoin/gridcoin who knows).
Really I dont think that the guy was complaining as much about what you missed more-so then the way you mentioned them. Why write a paper about a coin and point out its perks as flaws? The way you speak of piggy is like its bad when really you think its ok at least. Your words reflect some sort of distain like its already dead without any form of support for the possibilities nor with a look towards the future. You dont see anything special out of what it is now and choose not to look ahead. Just came off very negative and seemingly biased towards your experiences rather then facts.
Long term = Pig
Short term = everything else
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To change the subject.. I have another wallet idea!!!
Why not make a sort of "man" wallet for pig? Have it be basically the same thing but opposite for boys? a black pig with gold or something? I dunno just a thought but i figured it might be cool to actually have 2 seperate graphical interfaces. both pretty much the exact same as far as icons but the second wallet would have no pink and be more of the cutting edge adult piggy wallet? This could go with the idea of releasing trusts in multiple colors/years (only 20 different wallet colors to update! haha).
Let me know what you think @piggycoin