Topic: Investigation Complete of Instamines and Fastmines for almost every top alt coin - page 7. (Read 12004 times)

Dark coin dev said he thought about an air drop to give away coins to make up for the cheating instamine crap..

Vertcoin dev is actively looking out for Asic Resistance and denies any shady instamine crap..

which coin would you chose to invest in ? the one that admits a crime and the one that admits doing no wrong ?
i am not investing in admitted scammers screw that shit !

Okay, this makes some sense to me...you have a stake in these coins.

Btw, I have never mined a coin and I am not a miner. I'm looking to invest in coins and when I look at a coin's history, certain things turn me off to to them; namely, coins that distribute or generate really fast.

If you want some of these coins that you mined like Blackcoin and Darkcoin to be used by regular people, you are going to need to address the crappy history sooner or later.

I wasn't going to do any second or third gen coins, as per the second sentence in my article which a few of you glossed over. I was simply targeting around 15 of the most popular bitcoin clones. I have gotten a lot of requests for more coins...and since so many people want it...I don't see why not.

I will put up mastercoin, nxt, etc shortly.

feel free to post solid links about these coins with useful info if you want to help out.

Yes; incomplete and therefore misleading.

The whole thread is just nonsense.

This article is pretty much useless as it provides a single one-dimensional view of each currency.

For example in the case of instamines, you provide no blockchain data, no distribution data (bounties, giveaways), etc., and fail to consider the entire history of the coin. I would love to know the motivation behind the spin.

That coin is just weird. From the name to the logo.

Honestly, when you don't even mention the fact that things like KGW came late to the crypto scene and most coins didn't launch with them, and then don't even mention NXT distribution once, this analysis could not be more bogus.

I'm too lazy to look at original poster's post history, but I think it will turn out he's trying to promote some ridiculous coin nobody has ever heard of that has a seemingly fair mine because 0 people mined it like the Cryptoshekel: 

https://bitcointalksearch.org/topic/ann-shkl-cryptoshekel-launched-pools-up-running-shilling-intensifies-394123

I look forward to reading your improvements. Please post the link here when you have uploaded it.

This and your coming analysis is good for the crypto world as it is "cross-crypto" so bias will be minimised.

What a shallow analysis.

Yeah, and because you've missed the launch, it is instamined. 

Dunno what's there to address. I saw the pre-announcements and specs for both those coins and immediately noticed the value in them. I was ready at the launch and started mining them. There were no problems for me.

What I have a problem with though, is people who are too lazy to do any research on what coins are being launched and what their potential is. So they just mine whatever they mine (doge or ltc probably) and when some other coin starts gaining value they become pissed they didn't mine at start. So basically they want to let everyone else take the risk on new coins and when on some rare occasion that risk pays off they become jealous.

There were 6 weeks to join the IPO for Nxt and coins* were distributed on a proportion of how much BTC you gave. This was also capped at a maximum of 1 BTC. i.e. if you gave 0.1% of funds collected you got 0.1% of the coins, 5% of what was collected you get 5% of the coins.

Only 100 or so people came forward in 6 weeks and then only 73 of those claimed the coins that they were entitled to. They understood, as the first POS, that nobody would join them if they hoarded their coins so there was an orgy of bounties, selling and giveaways. When comparing POS coins, perhaps this period should be judged as the distribution phase? Which pure POS have the fastest dilution of the initial founders stakes? As the nature of pure POS requires all coins to be created at once. If there were only 73 holders now then Nxt wouldn't be valued at 10s of millions of dollars.

The tech was then released and this is what gave the coin its value when people understood what was being built. It also has provided the funds to build, arguably, the most advanced cryptographic platform devised so far (I won't go into details to avoid looking like advertising but start another thread and we can discuss it there).

Finally, the initial distribution is moot as the distribution between accounts now is better than bitcoin's and improving slowly all the time, all achieved in a few months. I can dig out the links if the auther would like to see them.


I for one would welcome the author's inclusion of Nxt for all to see, as I think wasamata would be surprised that it would come out the other side with a good overall report. Though comparison should be to Ripple, Counterparty and Mastercoin as you would comparing apples with oranges. These are also striving to beyond being solely a currency.


*(these are not generally referred to as coins as this limits what Nxt actually is peoples minds, they are more generally considered tokens for the Nxt Crypto Platform's features)

P.S. I wasn't one of the 73!  

Well, first line say "Second generation coins like Ripple, Mastercoin, Counterparty, etc are not incuded in this discussion.", so yes it seems it was deliberately excluded.

Like it or lump it (I'm in the latter camp btw), NXT's distribution model was as it was, and only time will tell how much that is holding it back. But everything about the initial distribution is out in the open; nothing is hidden. The coins discussed in this article have large premines / fastmines / instamines that are hidden from sight and denied by the coin's core team; and any talk of them in the coin's thread marks you as a whining ranter (so they go off and make a moderated thread instead).

Put aside the "NXT, fair or not?" debate (which everyone knows about), and let the scope of the study be what it is.

Are you like, deliberately excluding the worst distributed coin of all, NXT?
Theres no excuse pal, it is up there on the high market cap list.
Here you go: NXT coin-100 % insta pre mine shared by 70 early adopters.

Great article and data.  Keep up the work and thank you.

Added...


Particle
Limecoin
XXL coin
Hobonickels
Myriadcoin
fluttercoin

no, but since you advertise darkcoin and blackcoin in your signature, would care to address the problems brought up in the article about these coins?

What makes you confident about Blackcoin's 50 million mined coins in 3 days?

What makes you confident about Darkcoin's 1.6 million instamine in its first 8 hours? there are about 4.2 million coins today.

have guess what... read ?

@illodin bingo