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Author Topic: Coin of the week  (Read 1550 times)
c0de
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May 08, 2013, 09:47:53 AM
 #21

it looks like yacoin didnt happen, the developer went quiet but people found the gitbhub and started compiling and mining it anyway, its gone from a average of 1 new coin every few days to 1 a day or even more

With 0 or any reason to do so except maybe wishful thinking so a pump-and-dump scheme can be done.
barwizi (OP)
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May 08, 2013, 11:13:57 AM
Last edit: May 08, 2013, 11:30:37 AM by barwizi
 #22

https://bitcointalk.org/index.php?topic=196196.1320

While the difficulty is still low! I think this coin has better survival chances due to how it will become rare, like its parent coin Nova coin, the returns per block have a steady reduction based on time and overall hashrate. Best part is that it is currently cpu only, ergo the playing field is still manageable. Of course we can expect a gpu port in a few weeks to months but hopefully by then the market would be stable. Considering the huge market shift from Bitcoin to alt coins due to inaccessibility of ASIC's and their price, coupled with the very high difficulty of BTC and LTC, this coin may become popular with the masses due to the cpu implementation and reletavely low difficulty. Marketers may find this coin viable due to its dwindling rewards per block which will push the price to a competitive rate, current estimates are in the range of (0.007 and 0.013) /btc.

This is more of a store of value coin that what was being attempted by the other alt coins. Most were seeking immediate adoption into mainstream markets hoping to make it rich fast, but this seems to be a more mature approach with a sustainable supply and hopefully a medium acceptance quota. (too high would invite the pumpers and dumpers, too low would reduce the value)

Oh, and since its solo mined Smiley hahaha the DDos bwoys wont push it out of market


Thoughts anyone?
elgeo
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May 08, 2013, 11:20:26 AM
 #23

Any1 got a line on the next coin of the week?

CNC

I don't have a signature because I'm not a customary person.
Zaih
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May 08, 2013, 11:24:28 AM
 #24

I really feel as if people should maybe try stick to Bitcoin.. Maybe Litecoin as well at best..

This seems like a very easy way for con's to make a quick buck I'm feeling. Considering it doesn't take much to get interest among people.
usafinders
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May 08, 2013, 12:10:01 PM
 #25

I guess it will be YACoin
johnras
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May 08, 2013, 12:12:53 PM
 #26

It should be YAC
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