- 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:
- personally I was sure, that deleloper has designed that even before the start...
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.