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It's 3 minute blocks - btc is 10 minutes. You're shown to be wrong already from that fact alone.
You use a coin based on bitcoin code because it's easier to maintain and keeping it updated. Why would you make things more complicated than they have to be?
If you think it offers nothing over bitcoin, then just don't buy it. Why do you even care?
I would argue these are merely emission parameters - a block is targeted to be emitted once every three minutes rather than, regardless they are simply constants in the code. I already said I don't care, I just like to troll, but using a coin based on bitcoin doesn't mean you can't offer anything above or beyond bitcoin or that hasn't already been done. Namecoin offers name services, Huntercoin offers a human mineable game alongside traditional mining, Myriadcoin offers five algos allowing for people to mine with ASICS, GPUs, or CPUs, Dash (which I'm not a fan of) at least offers some features not available in other Bitcoin forks - built in coinjoin, masternodes, etc. If you fork and add features or technology, it's a coin based on Bitcoin; if you fork and change a couple constants, it's a shitcoin clone.
2 years emisson is 'really fast'? You're not even making any sense, sorry.
You guys don't even show the emission curve on your self-moderated ANN thread:
https://bitcointalksearch.org/topic/uno-unobtanium-info-discussion-hardfork-block-1042000-merge-mine-wbtc-527500At least you guys make it into the questionable category not extreme caution here:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#unobtaniumBut still, I agree with the devtome author when he says "However, the coin does have a rather fast reduction of coins per block. The bitcointalk thread 141) states that the PoW subsidy halves every 102,000 blocks, which as you can see above, the coin generation went from 1 coin/block to .125/block in ~6 months."
Emitting like 80% of all coins in 6 months seems 'really fast', yes.
It's a commmodity and used mainly to store value. Low volume is quite normal for commodities like that as it's not transacted often (some wallets haven't moved in years - #3 didn't move 1 year; #7 didn't move for 2 years; #10 on richlist didn't move for 3 friggin years!) because again: commodity not currency but that's probably too much for you to wrap the head around as you don't seem to have any clue about what money actually is. You seem to think "features" are money
What "features" does your goldbar have? Yeah, that's a yelllow pet-rock too, that's just completely useless. People who think like that will always be broke.
That doesn't prove anything about distribution. If anything I would say that indicates that there were a few folks who mined the shit out of it in the first six months and are now sitting on a pile of coins that amounts a huge portion of the total coin distribution. Gold has the feature of limited supply and not being able to be cloned by any idiot who can change a few constants and launch a new coin every few months, unless you're friends with an alchemist or something.
If you look longterm charts the price is on the floor right now. It's not "propped up" at all right now.
Well, they're propping it up above zero
Go to the blockexplorer and know #1 wallet is ex-cryptsy-coldstore currently with the receiver (should be auctioned off to the community within a year or two). The rest are individual holders. I have been with the community for quite some time and been watching movements on the blockchain on a daily basis - i do know what i'm talking about.
You've got 15 to 20 large investors and up to 200 medium investors and countless small ones. That's the deal with it.
Better than most coins, really.
So, basically, just trust you. OK then...
But since you actually outed yourself already as a troll i think we're done here. Everyone should make their own research and come to own conclusions.
Just because I'm trolling your favorite shitcoin doesn't mean it's not a shitcoin. I would suggest everyone to do some research at the devtome site linked above. That guy/those folks do a pretty good job at separating the cream from the crop, so to speak.