I have been mining SKC for a few days now and as a noob in cryptocurrencies I was wondering what coud lead to potential succes for an altcoin. I figured this would also be helpful with the "marketing", as u guys were speaking about it earlier.
Hopefully u guys will be able to help out with these points.
First of all a few arguments I saw passing by in other topics that made a coin fail:
1)Pre-mined PoW coin = fail 2)Bad community? 3)Popular because of the name (conye, weed, alien) 4)A copy of BTC (why not use BTC then?)
Now I know SKC passes the first 3, but I am not technical enough to understand what makes SKC an alternative for BTC, what does SKC have over BTC, why is it renewing?
Secondly, pretty much the opposites of the first, what could lead to succes:
1) A solid community, support, bugfixing 2)A good image/reputation (no pre-mining), the logo, an app 3)Functionality, what can I do with the coin? I already saw the idea of buying Skeinsocks coming by
4)Innovation, better technology (Skein claims to be energy efficient for example)
I think answering these questions could actually help make it more popular, if answered correctly ofcourse
Maybe make a small advertisement text out of it.
What do u guys think about these points? Why is SKC better then other alternatives?
First of all we need to be clear, that there is two types of good coins:
1. For users.
2. For miners.
The only really good coin for user's is Bitcoin - it's mature enough, it's price more stable than other coins', it easy to get (popular enough). The Litecoin is very close to the Bitcoin right now: it stable, mature, but it still not so popular as Bitcoin, and to be honest when people start accepting cryptocurrencies, they start from Bitcoin, and not Litecoin.
From other side Bitcoin (and all sha2D based coins in general) isn't good for mining, unless you have huge ASICs farm. There is nothing to do with GPUs.
But there are few good coins for mining:
1. Litecoin (scrypt). It used to be very good for GPU mining, but it's going to be changed soon, the scrypt ASICs are coming, and they will displace all GPUs soon.
2. Alternate algorithms (quarkcoin with 6 different hashfunctions, Skein-sha2, blake). All they will get a lot of miners, who will move from scrypt. But almost all quarkcoins are already mined! so there would be almost nothing to mine. That's when Skeincoin will rise. But people should know about it! That will never happen, if no one hear that Skein exists. Miners will find another alternate coins with GPU friendly PoW to mine, if they more popular than Skein. But Skein will have some very strong plus at that time: It will be mature enough, and block reward still will be the same as on the beginning (or halved, but not 1/2048 like with Quarkoins).
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