Bitcoin Forum

https://veggiecoin.wordpress.com/why-voin-is-a-better-investment-than-bitcoin/

Niche coins are the future for cryptocurrencies, IMO. A monolithic coin such as Bitcoin doesn't work. Already the blockchain is too big. Many small coins with a manageable blockchain and free exchange between the coins is the way ahead.

Maybe I am alone but I have never even heard of voin before...

Because of the limited scope and limited demand niche coins are not used to stay afloat for a long time. Perhaps you want to take a look at the NXT monetary system. That's something designed for making such coins on the top of the NXT blockchain.


No, you are not alone. Actually when I asked Google, the best hit was this topic, so if it exist then it doesn't seems to be something serious.

Its only been launched in the last few days. Its a niche coin designed for ethical and much as financial reasons. Proof-of-intent replaces proof-of-work for confirming transactions.

Ninja launch, no site, no client, no documentation, no github repository, no ANN topic, a newbie promoting it... Are you kidding mate? Maybe you are not aware of that, but these "deficiencies" are all red flags around here. I'd say proof-of-intent-to-scam... :)

I think its best to stick as closely as possible to the original bitcoin source code, which has been proven to work and only make those modifications that are needed.

NXT is fairly buggy too and not well documented.

Best investment now is Potato coin. (https://bitcointalk.org/index.php?topic=391860.0)
LOL

Its targeted at the vegan community mainly. The aim is to build up the blockchain within the vegan community before releasing it to outsiders. The ninja launch not unintentional.

Instructions on how to use the client are given here:

https://veggiecoin.wordpress.com/introducing-voin/


The github repository will be up shortly.

I don't even hear about  Voin, so i guess most people don't know  Voin, so it's not a good choice.
                                                 

Only a fool would download and run that.

It was announced a few days ago, skimmed through it and it seems like just another coin we have had almost every name variation coming out, soon we will run out of what to call these altcoins :)

Sorry mate, but Muddafudda is right. No one should touch such a new coin from an unknown source even with a ten feet pole. Such adventures are something for brave people :).

The innovation is in the way in which transactions are confirmed. How to make it a 'vegan' coin without policing every transaction? How do you know someone isn't buying KFC??

Imagine you are entering a condo. The guard knows all the people who live there. If he doesn't know you he stops you. However if you enter accompanied by one of the existing tenants he lets you in and every time he sees you again he lets you in even if you are on your own.

This is one way to create a vegan coin - or any other niche coin. Build up a blockchain of transactions that you are sure are for vegan purchases. Then once it has reached a certain size the blockchain is parsed and the transaction is only confirmed  if the public address is contained in the blockchain. The existing users of the coin are in effect vouching that the transaction is valid. This would be done after the hash has been found, and would add an additional layer of security although increase the work needed to create the new block.

You're not alone. I know that feel bro

vion?