Hi,
I, like many crypto enthusiasts, am interested in creating a crypto currency from scratch! But in a crypto-world full of "get-reach-fast" schemes it is very hard to actually spot out, something worth the time to develop or help in development, i mean look at all those Bitcoin forks that are "revolutionary", with the same technology and core elements!!! Not to mention that there are actually tones of instructions on the net, on how to create your bitcoin fork, which made Bitcoin more or less in a business model at least here in the Altcoin section of the forum.
Of course this is not necessarily a bad thing as people are active with the root and they are constantly moving the "crypto" notion on and on!
In the last 8-10 months i witnessed the birth of a few so called Gen 2.0 Cryptocurrencies! Some where inspiring and well designed, other naive and quite foolish!
A lot of them had no real "mojo", and went down as expected! More or less those coins were determined to appear in desire to get the same outcome as NXT did.
Forging introduced by them, was one of those revolutionary ideas, which i like better compared to bitcoin( cause its bitcoin's weakness).
But the idea of this thread is focused on 2 other cryptocurrencies that i was very excited about (at the beginning):
NodeCoin(aka NXT Lite) & Cripty I was very proactive with these innovations, mostly because these projects used Node.Js, and i was very happy for them, since they used a language which i posses and and i'm quite nerdy when it comes to it!
But, to my regret, i was disappointed of the result!
If i were to analyse Node and Cripty, i see a difference in magnitude between the projects and their developers!
First of all Node has a a smaller team, compared with cripty! The same thing you can say about their budgets! But they failed to make everything as to their roadmap, and their followers turned around!
Node on the other hand made an awful entry, with a very bad distribution! Not to mention their attitude, is quite imposing!
Also both projects are obfuscating their code, and not letting out none, which is in my opinion a bad thing, as it can't be verified by a third party and that is quite an disadvantage! Of course you can say that it is more or less copyrighted but i ain't buying it
Both projects are going down in my opinion at least in the long run!
So, this is my point:
I made and analyses of both projects, and now i know their weaknesses and strengths, and the exact moments when they failed. Due to the fact that there was a source leak from the Node team, i was able to get the idea of how NodeCoin works, and where from it got their fast transactions and what drives the transaction to be secured. So i thought i would give it a try and replicate NodeCoin on my local network! Guess what.... Secured! I'm very proud of myself, i got to a certain level of making the network work, of course there are a lots of bugs and it needs more time, but its working. So i'm thinking of making this project an OpenSource witch will lead to more innovations! And more CryptoNews that you can handle
Now I have the know how and the desire to do it, but i need your help to figure it out!!! 1) Should I start a Gen 2.0 Crypto Currency from Scratch?
2) Is it worth the time
3) Does it intrigue you to be a part of such a project?
4) As an investor, does a project like this sound profitable to you???
5) What features are you expecting to see???
6) How do you see it in the long run??? Help me decide, if it is worth doing or not! Thank you for taking your time to read this!
Please share your thoughts, and make it in a constructive way so others could participate!
P.S.
I'm also looking to motivate you to participate in discussions, so i will prepare some symbolical bounties to thank you for your help!
EDIT: Removed the scam attribution towards NXT, not to create conflicts!