Bitcoin Forum

I just launched my crypto currency reviews and interviews blog..
I need at least 20 good questions that I need to ask to devs
about their project..
I need this so we can investigate their roadmap and projects

That can prove that they are running a legitimate project
What would be the best questions to ask dev about their coins?


Your response will be appreciated..

Is there a fixed number of coins that can ever be in circulation?
What percentage of coins in circulation will the main developer have?
Is there an ICO/Premine for this coin?
Which algorithm will be used to verify the transactions, what is the mining reward structure and how would it be sustained?
How were the software clients generated (did they use the main Bitcoin client or something else to make their software)?
What will the estimated price of coins given from an ICO be?

Here are a few questions I think would be quite important to check for the created alt coins.

Wow thanks jackg,I'll definitely going to include this,this is the technical aspects and the most important features of any coin some of us have overlooked this area I will give weight to that questions some coins are just cloned coin with this we will now know it.

Thanks, most of it should be helpful.
Most coins are duplicate in most ways (the dogecoin and Bitcoin core wallets wre almost exact duplicates as they both have the same file size in the windows executable (or they did when I checked them a few months ago).
On the developer owned coins, it's more trustworthy if they own less than 5% of the total coins in circulation.

All those who will participate and get their questions included in our "Questions" will be mention in our blog
originally I was think of asking only 10 questions but I want to cover every aspects of the project that i might be miss something so I ask the community.

1. What is the purpose of the coin? (Is is only used as currency or there is some deeper system behind it, like Namecoin for example)
2. Is the coin deflationary with hard cap of coins or not?
3. What is algorithm behind the coin? Standard hash solving mechanism, or like in  Primecoin case mining involves finding Cunningham chains or something else?
4. Is coin POS/POW or mixed?
5. Was is heavily premined, how many coins are in the hands of devs?
6. What is special about the coin? Is it having any form of unique solution implemented?

Thank you for participating maku I will include some portion of your contribution
 this is a  must without this,coin will only become a pump and dump coin and will just another pile in the altcoin announcement..

1. In what 2 ways did Satoshi's protocol obsolete centrally issued fiat currencies?
2. Will you implement the same 1MB chain-crippling 'technology' supported by the bitcoin core team?
3. If you ever had the chance to kiss Satoshi on the lips - would you?  :)

I'm definitely going to add this three especially the third one,it's a surprise question I would just add some pretty obvious questions.
I'm glad that all response are great and very rich .

In addition to the above I would focus on the dev(s)
1. Is dev anonymous or not
2. Does dev have any experience that makes him likely to succeed?
3. Is dev known to follow through in his projects?

Out of all of these questions I did not see what I feel are the crucial ones.
1. Is the coin going to be usable by Joe & Jane Public?
2. Are  the wallets going to be able to be ran by a non crypto nerd, i.e. the granny test?
3. Will the wallet coins be directly accessible via a debit card, i.e. without going through a 3rd party processor such as VISA?

I feel all 3 of the above are crucial to get the coins to be a viable cryptocurrency with some longevity.

okie

you only need to ask 2 questions and 2 questions alone.
1) what are you plans and time lines on pumping your altcon
almost every altcoin is a pump and dump specially the new altcoins and I can say this with confidence that everyone around here gave up on altcoins being anything more than that and they are only interested in the answer to this question to make more bitcoin out of it.

if anybody resists accepting (publicly) their altcoin is pump and dump they ask
2) what are the features that makes your altcoin unique and useful
making an altcoin is easy, it is only clicking on the Fork button on their github repository and changing the name. what matters is what they offer.
and what they offer as new and better features, need to be really useful. you can add too many different features to add to the "bling" but nobody ever uses that altcoin outside of an exchange.

It seems the contributors knows what makes a real coin development,I'd like to add ..
In case you are in an emergency situation or have to take a vacation

Will your coin sustain and can the community take over this while you are away
I think this is very important ,because we have seen so many coins being left by it's creators
of course one of them is the great Satoshi Nakamoto.

Well i just have one question for the developers of coin, are they so serious building their coin?.
Because many developers of coins just looking for money and never be serious building the coin,
the finally coins was die and the developers of coin running out.
The comunity and investors has becomed victim of scam coins.

I´d like 2 add a few:

- transaction time
- max. number of transaction possibe/@time
- wallets for which platforms (web, linux, windows, adroid, IOS)
- plans 4 mass adoption (e.g. form amaozon 2 zippo lighters)

;)

Here is my question:
1. Even Vitalik Buterin with Ethereum can't beat Bitcoin. How you gonna do it ?

This is a very hard feat for any coin developer,because Bitcoin is the pioneer,it's just enough that he can help early adopters to make a profit and create usage for his coin but beating Bitcoin is almost impossible ..

The coin which is not trying to beat Bitcoin doesn't deserve investments.

Here's a couple good questions:

1) How many transactions per second is the network able to handle/process?
2) How much time does a transaction take to process/confirm/validate?

I thought it was a great idea. But you're wrong if Vitalik Buterin with Ethereum will beat bitcoin to Vitalik Buterin with Ethereum altcoin using token could die anytime. unlike the case with bitcoin bitcoin for sure that most currencies in the future.

I have sent some of the questions to one dev and we'll wait for the update I'm still going to look for 5 more questions,I have merged some questions and some questions here are similar,all original question poster,will be mentioned in my blog..

Thanks to those who contributed.

1)   What is your plan for market adoption?
2)   Where do you see the coin in 5 years?

I might consider this questions although there are also similar questions included but this two are much simpler and direct to the point thanks for dropping by to my thread and thanks to your contribution..

Who do you consider to be your main competitor(s)
What do you consider to be the biggest risk or obstacle in your project

Here are my questions:

1. Does a coins in crypto are ponzi scheme?
2. How does crypto has been created?
3. Is it possible that there's an altcoin that can be greater than bitcoin?
4. Why most of the altcoin are doing pump and dump?

These are the only thing that pop up in my mind about you wanna know.