Bitcoin Forum
July 11, 2024, 06:51:12 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SPT] - Spots - Cryptsy | Fork 9/19 | Scrypt | Introducing Reward Reduction on: March 16, 2015, 07:12:35 PM

1) There was no premine in Spots.
2) Spots v2 is a continuation of Spots by a new team without the involvement of iGotSpots who made Spots v1 (who owns/owned a cleaning business.) It is the same blockchain but with a updated client.
3) It would be nice, but I don't think it would be possible to enforce with no silver holdings backing it or anything.

It's a stable and established coin, it just doesn't have any "hype" making it more popular.

It seems like one of the first things a person would want to know about a coin is whether there is a premine or not. There are a lot of sly coins with hidden premises etc, so it would be helpful to mention no premine in the initial coin description.

I followed some of the comments of igotspots who created the coin initially. He seemed like an honest broker. If this is "the same block chain but with an updated client", then it should be a good long term coin.

The comment about linking a commodity is forward looking. I looked at the first post and saw the new developer is offering silver ingots for spots coins. It's not practical at this point, more of a cosmetic service. But eventually the coins that are stable will have to be linked to something. This will probably take the form of 'market makers' who are comfortable in both currency and commodity markets, who can afford the risk etc. Selling small ingots might be a very tiny step toward linkage, sort of symbolic.

This looks like an okay coin.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SPT] - Spots - Cryptsy | Fork 9/19 | Scrypt | Introducing Reward Reduction on: March 13, 2015, 12:43:12 AM

It's a blank page. No info on premine or history. Google has very little. Is this coin dead?
3  Alternate cryptocurrencies / Altcoin Discussion / Re: [BTE] The Bytecoin Information Thread on: March 11, 2015, 11:22:29 PM
Is this coin working okay?

It looks like it has possibilities except that almost half the coins are in one wallet. Most people pass on monopoly coins.

Is that a Cryptsy exchange wallet?

2.4 million coins so far https://www.cryptocoincharts.info/coins/show/bte ?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SPT] - Spots - Cryptsy | Fork 9/19 | Scrypt | Introducing Reward Reduction on: March 11, 2015, 10:55:31 PM
Some basic questions.

1) How much premine, or is there one?
2) There was a spots coin some time back by a fellow I think who worked in a cleaning industry or something. What is the relationship with this coin?
3) The idea of linking a coin to a commodity like silver is good, as long as it is done at a technical level, and not just marketing. Are there any plans to make a hard link between the coin and silver for example?

I'm curious too why the coin is so cheap. The market cap seems to be around 10 btc but it looks like a healthy coin. Can someone summarize any drama or news that a person looking at the coin might want to know about?

Thanks.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!