I did read the OP, 1/3 of the coins are going to be mailed to the people of Malta. Is mining this coin going to make me want to visit Malta? How is me mining this coin going to anything for tourism in Malta? It's the same question I have with any of the so called Country coins. We mine coins to try and make a profit. So please explain how mining this coin is going to do anything for Malta? I understand a part is going to go to charity (maybe) and if the coin goes up in value the amount to the charity goes up, BTW, are you going to pay the charity in Crypto or exchange it for BTC then to Euros?
When why have this at all? Wouldn't the people of Malta support their own tourism already? I have friends who live in Malta and they seem to do quite well without crypto. Again, what is this going to accomplish other than being another pump and dump coin?
That is a very big IF!! Problem is, for the average person, how do they turn this wallet into a loaf of bread? Merchants are not going to wait around for 6 confs to get paid. Sorry, the whole idea of country coins to me is a huge scam for the DEVs to make money!!!
you can withdrawal if you trade for other coins but all their other coins with enough btc volume are 15% higher than other exchanges so you'd be taking a loss. A pretty large fucking loss if it's a lot of BTC.
I think part of it is, the blocks went from 5000 to 2000 and now at 1000 very fast. You have to mine 5 times longer for the same reward. People will move on and if the DEV doesn't start promoting the coin it like so many will die.
People are taking whatever BTC they have there and trading for whatever they can take out. They are stopping more and more people from taking anything out.