Topic: Is Swisscoin the next Bitcoin? (Read 13834 times)

If you analyze Swisscoin, please note that total supply on the coinmarketcap is not true. It shows 10,2B (that was initial max supply), but current total supply is more than 10.52B. Till the end of the year it will reach 11B.

The number of coins is increasing based on the PoS algorithm. Yearly inflation is 15% for the staked coins.

Check the total on the block explorer directly: https://richlist.cryptobe.com/SwissCoin

Swisscoin would be a lot better if it was part of the lightning network. Actually, just typing that I realized that if bitcoin never joins the lightning network there is a possibility that swisscoin could overtake bitcoin. However, I think swisscoin needs to be accepted by some more large merchants first. I am happy with some of the decentralization ideas. I am not worried about technological advantages, which can come and become obsolete in a matter of months. What really needs to happen is real, on the ground, productivity advantages and merchant acceptance.

Hello everyone! This coin can not be compared with bitcoin,even in dreams. It is possible to show your prospect the value swisscoin coins will greatly overstate the short term, but to use the opportunity to transfer their money can only experienced HYIP investors.

I can say only it is a big dream but not realistic dream. new bitcoin, next bitcoin ideas are really bad presantation.

As soon as the Lightning Network is fully operational, many altoquins who claimed to be the role of "electronic money", especially those that do not carry any additional advantages for investors (anonymity, masternodes ...), can seriously to fall in price.
Since, when solving the main problems of Bitcoin, the meaning of their existence disappears.

I wish I have enough authority to take the kicking step over this thread.

@OP, you must atleast give a thought that this is not the place to shill, the community here is much mature then your other social platforms.

Incidentally, a very interesting project, but not Swisscoin, but Swissborg, to be honest, the names are very similar, I think that this project is really very promising, I can not say anything about the Swisscoin project, because I'm just not familiar.

Bitcoin cannot be replaced. It started all of crypto, if it gets removed all rest of the altcoins will die out from it. He can be only one and it all ready is only one, there is not even a solid good reason for it to get replaced.

No, of course not.

What does the next bitcoin mean? This is another currency, with its origin. You do not need to compare them in this way. But it will not be worse at all.

So we finally got the long expected news yesterday. Since the news didn’t clarify anything or had any real value, I had a chance to chat with Mr. C in the telegram group and to get some of additional answers.

This is the summary of our chat, which I posted in that group.

So here is my view on today’s news:

Basically non of my questions were answered:

Let’s repeat them:

1. ICO coins - no answer
2. The company registration paperwork - no answer
3. Number of ICO coins to be distributed - no answer
4. Initial whitepaper - no answer
5. Roadmap - no answer

So it seems that we should finance again some new projects, which is yet to be announced.

The old company is sold to new investors, but we don’t know what they plan to do. We don’t know the developers, and the projects.

This all could happen.

Usually when we have normal ICO, it takes at least 2-3 months to launch anything. And since we are starting from the scratch, then additional 2-3 months to prepare the plan and the team. This is more or less in line with the today’s message.

So the best I could say is that we may see the price to remain in this range for a while. You can earn some money by trading (or pump and dump).

However I still don’t see any intrinsic value. I’m open to evaluate the project again when the roadmap is released.

I wish you all luck!

And in the end my post from today, so you can compare the news with.

So here is my view.
0. MLM promotion
As far as I know, only some of the leaders earned nice fiat money. Others are blocked and accused for fraudulent behavior. If promoters believe in project they should have been paid in SIC. In this way they would be motivated to keep the value.

1. The value of SIC is now only speculation based on the expectation that the coin will have the utility or application in the future. Based on the whitepaper we have very limited application. And that’s staking. Staking is not working currently.

2. I was very in favor of staking, as a tool to keep the coins of the market. Then I asked several times in the past, from where are we getting the rewards for validation of transactions. Since the transaction fee is very low, those coins are coming from somewhere. At the beginning, I thought that the max supply will remain the same. But it’s increasing for the inflation. Currently the inflation is 15% yearly. This is rather big, since we are not storing any value.
The better solution would be to use coins locked by the company for rewards and not to increase the max supply.

3. Merchants. This was nice idea but the competitors did the job on time and there’s little chance that this will be a big breakthrough. There are now projects which enable use of multi crypto currencies, even spending your crypto with MasterCard.

4. They broke every promise made in the whitepaper. The most important, they haven’t released the ICO coins before the trading. The biggest mistake ever!

5. We don’t know the people behind the company. Every ICO is promoting theirs experience and developers. Using their bio and LinkedIn. Here still nothing.

So when we here some news, it’ll be only the speculation again. The intrinsic value still depends on the delivery. And till now the delivery of results is zero!

Disclaimer: I closed all my positions in SIC, and have no emotional attachment to it. I earned and cashed out some profit, and covered my ICO costs. Until we receive a new roadmap I’m not going to analyze it anymore.

Hi Guys what do you think of SWISSCOIN now? Still a scam? Or is there some potential?

It's definitely not new Bitcoin, but good oppportunity now for profit.

I didn't like the mlm scheme when they started, although I bought for few hunderds €. My mistake, coz it was dumped to only 10 sat. In the end, I was lucyk to get it for average price around 13 sat, and now is 26 sat. I'm running offline wallet, and it usually earns me around 1k coins in ten days as Proof-of-Stake reward.

If it will go to some bigger exchanges soon the price go up, currently only in coinexchange.

why is it always that many people compare BTC with other coins ,, I think it is rather difficult to compare BTC with other coin ,, BTC is the mother of all coin

Their are lot of competition to see which one is replace the bitcoin.The coin in competition are ETH,litecoin and so on.But Swisscoin is not even in the list.I don't know,how you are saying this.I think Swisscoin is look like a scam coin,so better don't inverse your money in it.If you had a plan to inverse means,just get through about that coin twice.

This is just like you bought a share from the company doing business and in return they will pay you through bank.

Not even close, the fame of this coin is near to zero, and this coin has been labeled as a scam coin,so I don't think any people will interested to switch their coin to swisscoin, and this coin even not the top 10 alt coins, so I don't see any hope that this coin can replace bitcoin

It's a scam that the people who purchased the coin a very long time ago can make money from. They depend on the newbies and less fortunate people to enter in the Swisscoin fantasy and lose their money and being okay with it.

I don't care if it is announced in dubai or in any country,the fact still remains that is very far from being the next bitcoin,it's not even in the top 5 in the coinmarketcap,and there's no big buzz from the crypto currency industry,people are posting non sense just to hype their bags of shitcoin so they unload their shitcoins.

The Swisscoin Convection DUBAI 9th, April 2017
http://ccnz.gq/ssvt
http://ccnz.gq/scn
Every new digital asset looks a scam until it becomes announced officially and in  country like DUBAI ...