Topic: Investigation Complete of Instamines and Fastmines for almost every top alt coin - page 6. (Read 12024 times)

How do you judge value? Why would Nxt price increase so much and why hasn't the debilitating dump occured after such a large percentage increase?

All POS are created at the beginning, how could it be any other way? And how is this reflected in your article? So you are to conclude that all POS are poor investments for all time and not to consider how they are distributed over time?

ohhhhh man. Just solved the Clean Water Coin dilemma.


After this post...they are sunk.

The Noblecoin founder Jason Curby was SO RIGHT about the likelihood of "charitable" and "good" coins coming around to supposedly counter the scam coins...when in fact it would just be a veneer to provide another scam.

Added a few more...


Clean Water Coin
USDe
Ixcoin
Mooncoin
Karma
Bitcoin Plus
Zimstake
NXT
hobonickels

It was more like they got it for free. BCNext just had to solve the problem with sockpuppet-multiaccounts somehow. Bitcoin, the max. bid for IPO, cost about 100 USD, when the rules of IPO were set in September. So there were no risks, IPO was 2 months long, anyone could invest in September-November

http://nxtcoin.blogspot.cz/2014/04/what-can-you-buy-with-nxt.html

http://www.singularityweblog.com/androklis-polymenis-donates-1-million-to-brain-preservation-foundation/

http://youtu.be/ehrIvLJXcsE?t=10s

Not sure if you noticed...Google actually changed the world. There was actual risk involved.


What was the risk from the November IPO investment to the December sales in excess of 230x the investment price?

Nobody uses NXT

You can't hardly get anything for NXT

So why the ridiculous premium?

who cares?

http://allthingsd.com/20091005/new-yorker-bezos-initial-google-investment-was-250000-in-1998-because-i-just-fell-in-love-with-larry-and-sergey/

and people still use google

NXT: where .0101 BTC (around $7 at the time of investment) invested earned you about 500,000 NXT

THE LOWEST NXT has traded since being recorded on coinmarketcap.com is .00326 on Dec 11th, shortly after it was trading on exchanges.

At that lowest rate, 500,000 NXT x .00326 = $1,630

How can you invest 7 dollars and within a month expect people to trade it for 1600 dollars?

Pure insanity. absolutely no "risk" for the the ipo investors.

AT THAT LOWEST RATE, NXT investors were getting over 230 times their investment back in less than a month. 230 times!!! Not 2x, 3x, 5,x or 10x. 230x.  Don't even get me started on when the charts were topping out.

nxt infographic based on https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=13

Re: inclusion of Nxt fao the author

Please see the following link for initial stakeholders and the initial bountiesfor development
http://wiki.nxtcrypto.org/wiki/FAQ#The_original_stakeholders_are_hoarding_their_coins

There is also this infographic re: current distribution, slightly out of date (Feb 2014) but a re newed analysis would almost certainly continue the trend to more distribution rather than a move the concentration. It shows nxt is less concentrated now than bitcoin is after 5 years.
http://nxtcoin.blogspot.ch/2014/01/nxt-distribution-infographics.html?m=1

Please ask if you have any queries

popularity is the context man you keep dodging it hard..

Lets make a list of top coins too

Yes, I try to have a stake in coins that are easily and cheaply available, and will likely 100x my investment. I really recommend that approach to you too. 



You don't have to be a miner to be there at launch. Every coin has multiple times the people selling them in these forums immediately after launch than buying. Again, if you're not willing to take the risk, don't complain if you're not getting the reward. You can't have it both ways.



What "regular people" will possibly start using in the future has nothing to do with the mining rate.

I laugh at this when I hear KGW, do you know how peercoin does the retarget calculation? The KGW simply re-invented the wheel, and those who don't understand anything just know the name, and don't know what it is about.

funny article, clearly the author does not have enough time to do deep investigations. Infinitecoin, for example, has no premine/instamine, and its distribution model is a fast distribution model that halves each month (the first that define this model). Author has no idea and mixed many scamcoins with good ones, did not really tell people which are good ones.

I'll check out what you wrote. FYI, I am adding NXT and others. It was an easy way out for me to shorten my article. I wasn't planning on doing something so comprehensive. It looks like it may become that.

WRT the anti miner position....close, you are getting at something in my writing. I'm against miners who mine coins with the sole intention of trading it into BTC/fiat and aren't in it for the revolution sake. Particularly, I am against miners who mine scam coins and flood social media (and by extension regular internet media) with all this hype about complete crap.

...I am fed up with substandard Bitcoin alternatives. Correct me if I'm wrong, but many of these scam coins that come out are scams that benefit someone mining those coins. If a coin can demonstrate fair play in mining, I'm willing to use their coin. If they can't, I won't.

I see two main problems that are fueling this alt coin hydra; ignorant investors and unscrupulous miners. Hopefully, my articles will inform some investors and simultaneously put all those miners on ALERT who mine coins with questionable distribution practices.

Why do they mine them?

Not because it's going to be a revolutionary currency. Because it will make them money. I'm sick of hearing about all these people who mine coins to sell them into bitcoins. Great, we now have a subset of the cryptocurrency revolution who is leeching the new members of our group ("investors") with less than stellar coins in an attempt to get paid.

I don't know about you, but I want to see massive changes in how the world views money and what we call money. The explosion of alts makes it so that only a fraction of these coins will appreciate in value long term, let alone survive in 5-10 years. For every 10 new investors/regular people who also want to see currency change, how many do you think will be pleased with their results entering this game? I would suspect less than 3 of 10. The other 7 out of 10 will lose a significant portion of what they invest. That isn't going to produce a good growth curve for cryptocurrencies in general.

The solution, IMO, is to try and hold people (devs, miners, and investors/users) to very high standards when dealing with alt coins. Let the miners and developers know that the investment crowd isn't going to pony up unless you ACTUALLY HAVE SOMETHING better than bitcoin. The more miners call out and protect others from bad investments, the quicker we can clean up the garbage. Everyone wins if someone actually creates something better than bitcoin. That should be the goal.

I am moving Vertcoin to the questionable category. Their very slow block halving or 4 years is commendable in comparison to some of these scam coins that cut down blocks every few weeks. If they didn't have the "unintended" fastmine, they could have qualified for the Acceptable status. They are essentially what Litecoin was when Litecoin was 5 months old; a rather hefty fastmine (Litecoin had 4.5 million coins by their 5th month with 450K Litecoins being slammed mined. Vertcoin will be 600k VTC to around 4.2 million. a little worse but comparable...).
 
I haven't come across any information that suggests foul play for Vertcoin. The evidence of their mine may have been purely unintentional but it doesn't encourage me as an investor. That is different than what many of the coins in the "bad" category do in terms of "encouragement", to say the least. Until I hear of evidence of foul play, I am leaving them in the questionable category.

Assuming this is what you believe, then 99% of your article should have been discussing why you think NXT, or any IPO coin in general will never succeed, but neither subject is mentioned at all.

Going back and reading your article and all your replies in this thread, virtually everything you type is anti-miner in general.  It seems you believe "mining" is an invalid distribution method, and everyone should be forced to just buy all their coins in some kind of shady IPO where the user can't even verify if it's a scam or not and just has to throw money at the screen hoping for the best.

Perhaps you should read my post on why IPOs are generally a scam and don't belong on this site.  I'm not sure you really even understand exactly what Bitcoin is in the first place.  The mining distribution method is 100% mandatory for it's goals as summarized in my quote and article below:

"The normal Bitcoin protocol was not designed to be issued for profit, or to have a central issuing authority.  It was designed to be a trust free system where others work to acquire it through mining, and for any reward to be independent of the creator."

This goal is not accomplished without miners

https://bitcointalksearch.org/topic/should-ipos-be-banned-from-the-site-poll-443196

https://docs.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit

https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=13

You continue to speak as though everyone were a miner. Most of the people using these coins in the future will not be miners.


Just because a coin didn't have KGW doesn't excuse the coin's poor start. Why would an investor look at a coin, see a large fastmine or instamine...and say "oh, well its not their fault, really, they didn't have kimoto's gravity well. I should use this coin anyway, they tried really hard."

Nope, that isn't going to happen.

KGW isn't apart of the analysis because to someone wanting to use the coin (not necessarily mine it), all they see is that the coin wasn't up to par at the beginning.


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and also...great speculation there. you want to armchair criticize my post to hell and back...and you want to sling accusations while openly saying you are too lazy to find out if your accusation is true.


:hands clapping: