Mincoin is not garbage, it's the rarest and fastest coin out there! One day it will trade higher then bitcoin that's for sure.
No it won't the design is garbage it will dies like all the scrypt based coins, unless someone invents low power ASIC's to mine them. The coins that win in the end will be low power fast transaction, with no requirement to store a local copy of the entire block chain. Scrypt was designed to be a power waste, it was intended to prevent brute force attacks, not for coins.
PM me when 1 MNC = 0.1 BTC i'll sell you some at good price!
I bet you got some of that pseudopremine, huh?
They are right it will trade higher than Bitcoin and it may turn out to be better than Bitcoin but because it was designed in such a way it's not something I would prefer over Bitcoin. PPC on the other hand has a good chance to take Bitcoin if Proof of Stake is proven to work.
Right now Proof of Stake has security issues but if they solve those it will be the next best thing to BTC. The total worth of a coin is based on the total number of coins produced and the ease of producing them. Litecoin is only worth at best 20% of Bitcoin so why is it useful if it's only 25% of a Bitcoin?
Until a coin actually is worth 150% of a Bitcoin it's not a future oriented altcoin. Mincoin is actually the first coin to be worth more than a Bitcoin but the problem with Mincoin is it was practically premined out of the gate and doesn't seem to offer any actual value beyond a pump and dump profit motive.
This is ridiculous. Why does a successful altcoin have to ever be worth more than Bitcoin? If it's much less scarce than Bitcoin (like Litecoin or Feathercoin, for example), each individual coin will have less value even if the sum total of all coins is worth more. That's fine. We know that there will be 4x as many Litecoins, and 16x as many Feathercoins. So, really, if we want to compare their value to Bitcoin, we want 1 BTC to equal 4 LTC or 1 BTC to equal 16 FTC.
Or, if you want to be even more technical, we can compare market caps directly - the total value of all outstanding coins.
To give you an idea:
The total number of outstanding BTC is 11103125.
The market cap of LTC is 560474 BTC.
The market cap of PPC is 52086 BTC.
The market cap of FTC is 15668 BTC (Estimate, calculated myself).
The market cap of MNC 1170 BTC (Estimate, calculated myself, may be off by 10 or 20% because nobody trades them and the order book has a huge gap between asks and sells).
So you can confidently say, regardless of how many coins it takes to add up to a Bitcoin, that BTC > LTC > PPC > FTC > MNC.
