Honestly I was surprised to see name of Datacoin on this thread... I thought it was only me to relate the two projects.
Datacoin is a kind of extreme experiment, which consumes a lot of disk space, while Cryptonite has oppisite direction of extreme experiment, which does not guarantee correctness of very old data to save disk space.
Both projects are doing good old altcoin way -- insightful experiment of original bitcoin.
Will it succeed or not, it is still an interesting experiment. Devs and communities are not obsessed with making easy money, its just honest PoW coin.
I am sure that this is one of the few rare alts today which is still honest, along with Datacoin, Slimcoin, etc.
I have an idea of building crypto exchange for only these honest alts, not only for profit, but also for giving some chances to undervalued yet meaningful alts like this.
Exactly ...
We are doing the same. If you wish to chat over this, we can.
CWI (as am I personally) is sick and tired of the crap we have seen in the industry, and the blatant disgusting attitudes and lack of care we have recently endured through Bittrex owners and employees and affiliates, that it is time a DECENT exchange that actually gives a damn about it's traders and users exists.
A good exchange takes time to build, not a thrown together one that is the staple of todays Exchange diets in Crypto these days, so a good stable base, with security and usability at the forefront is what we have been working towards. We have also been in discussion with a very respected developer over the last two years regarding the exchange he has been working on, and even though it will be based primarily for the coin he has and the community he has built, we have every intention on backing his project any way we can.
XCN - with it's decent developer and decent community, is one of the coins that we carry dear to us, and as long as it stays this way, then good things will always come of this.
Let's see how all this goes.
#crysx