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Question: Which Alt-Coin should LegitCoinage Review?
DigitalCoin (DGC) - 10 (31.3%)
Franko (FRK) - 0 (0%)
Phenix (PXC) - 2 (6.3%)
YaCoin (YAC) - 12 (37.5%)
Other - 8 (25%)
Total Voters: 32

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Author Topic: Which Alt-Coin should LegitCoinage Review?  (Read 686 times)
solracx (OP)
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June 06, 2013, 01:39:58 PM
 #1

LegitCoinage (www.legitcoinage.com) would like to review coins that have a legitimate chance of long term success.

I have selected a few of these coins and would like a vote at to which to evaluate first.

ZenithCoin - Sustainable Scrypt Based Crypto Currency
Praxis
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June 06, 2013, 02:36:30 PM
 #2

Please add WorldCoin to the list.
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June 06, 2013, 02:40:17 PM
 #3

There is only 1 legit (alt) coin to begin with..
nothing hard about that..
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June 06, 2013, 02:41:19 PM
 #4

I think a direct comparison/review of DGC vs WDC would be a good read.
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June 06, 2013, 02:43:31 PM
 #5

YACoin.
r3wt
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June 06, 2013, 02:45:23 PM
 #6

I voted Other, for MegaCoin. I know it is new, but this is a great coin. is far less buggy than the others. However, i will say that Digital Coin is of comparable value in my opinion. My favorite alts are: GLD, MEG, and DGC

My negative trust rating is reflective of a personal vendetta by someone on default trust.
solracx (OP)
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June 06, 2013, 02:49:11 PM
 #7

Please add WorldCoin to the list.

WDC?  Convince me that it has a chance to be legit.

ZenithCoin - Sustainable Scrypt Based Crypto Currency
solracx (OP)
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June 06, 2013, 02:49:33 PM
 #8

YACoin.

YACoin?  Convince me that it has a chance to be legit.

ZenithCoin - Sustainable Scrypt Based Crypto Currency
bitdwarf
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June 06, 2013, 03:24:58 PM
 #9

YACoin?  Convince me that it has a chance to be legit.

Some stuff:

  • No risk of "doing a FTC" because it retargets every block and it won't compete for CPU resources with any other existing coin
  • There's going to be always academic interest in observing the effects of the N factor changes over the next months and years
  • The scrypt N factor hardening makes it the only coin you'd want to be holding if something went wrong with coins that can be mined by typical ASICs/FPGAs (read: all other coins)
  • Many early adopters are highly computer literate types due to launch seeming a joke coin for anyone that didn't understand the features and linux clients being better optimized at first
  • The original developer did a reasonablely skilled job and got out of the way. IMO many new alts get devalued when the not so reasonablely skilled devs open their mouths to try and keep propping their own coin.
  • It's value has behaved more like a typical IPO than typical pump and dumps. After day three on Bter it has ranged between 0.0006 and 0.0003 -- currently 0.0004
  • It has a 5% Point of Stake (highest apart from NVC's currently variable PoS) which should help keeping mining costs under control.

𝖄𝖆𝖈: YF3feU4PNLHrjwa1zV63BcCdWVk5z6DAh5 · 𝕭𝖙𝖈: 12F78M4oaNmyGE5C25ZixarG2Nk6UBEqme
Ɏ: "the altcoin for the everyman, where the sweat on one's brow can be used to cool one's overheating CPU" -- theprofileth
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June 06, 2013, 03:28:20 PM
 #10

If LegitCoinage has to do a poll on which coin to review then LegitCoinage is not to legit, is it?
r3wt
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June 06, 2013, 03:29:58 PM
 #11

YACoin?  Convince me that it has a chance to be legit.

Some stuff:

  • No risk of "doing a FTC" because it retargets every block and it won't compete for CPU resources with any other existing coin
  • There's going to be always academic interest in observing the effects of the N factor changes over the next months and years
  • The scrypt N factor hardening makes it the only coin you'd want to be holding if something went wrong with coins that can be mined by typical ASICs/FPGAs (read: all other coins)
  • Many early adopters are highly computer literate types due to launch seeming a joke coin for anyone that didn't understand the features and linux clients being better optimized at first
  • The original developer did a reasonablely skilled job and got out of the way. IMO many new alts get devalued when the not so reasonablely skilled devs open their mouths to try and keep propping their own coin.
  • It's value has behaved more like a typical IPO than typical pump and dumps. After day three on Bter it has ranged between 0.0006 and 0.0003 -- currently 0.0004
  • It has a 5% Point of Stake (highest apart from NVC's currently variable PoS) which should help keeping mining costs under control.

excellent explanation. you seem to have did your homework. would you care to review Megacoin. it seems really stable, but im not sure what to make of it.

My negative trust rating is reflective of a personal vendetta by someone on default trust.
solracx (OP)
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June 06, 2013, 03:33:14 PM
 #12

YACoin?  Convince me that it has a chance to be legit.

Some stuff:

  • No risk of "doing a FTC" because it retargets every block and it won't compete for CPU resources with any other existing coin
  • There's going to be always academic interest in observing the effects of the N factor changes over the next months and years
  • The scrypt N factor hardening makes it the only coin you'd want to be holding if something went wrong with coins that can be mined by typical ASICs/FPGAs (read: all other coins)
  • Many early adopters are highly computer literate types due to launch seeming a joke coin for anyone that didn't understand the features and linux clients being better optimized at first
  • The original developer did a reasonablely skilled job and got out of the way. IMO many new alts get devalued when the not so reasonablely skilled devs open their mouths to try and keep propping their own coin.
  • It's value has behaved more like a typical IPO than typical pump and dumps. After day three on Bter it has ranged between 0.0006 and 0.0003 -- currently 0.0004
  • It has a 5% Point of Stake (highest apart from NVC's currently variable PoS) which should help keeping mining costs under control.


Poll has been reset to add YacCoin to the list.   Elacoin removed for lack of votes.

ZenithCoin - Sustainable Scrypt Based Crypto Currency
karsy
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June 06, 2013, 03:34:50 PM
 #13

I vote for DGC because I simply love it.

bitdwarf
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June 06, 2013, 03:55:06 PM
 #14

would you care to review Megacoin

It's not that interesting, really. I guess it may not need a hard fork to fix the diff like FTC had, but that's about all I can think about it.

𝖄𝖆𝖈: YF3feU4PNLHrjwa1zV63BcCdWVk5z6DAh5 · 𝕭𝖙𝖈: 12F78M4oaNmyGE5C25ZixarG2Nk6UBEqme
Ɏ: "the altcoin for the everyman, where the sweat on one's brow can be used to cool one's overheating CPU" -- theprofileth
solracx (OP)
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June 06, 2013, 04:00:56 PM
 #15

If LegitCoinage has to do a poll on which coin to review then LegitCoinage is not to legit, is it?

Running a poll makes it more legit.


ZenithCoin - Sustainable Scrypt Based Crypto Currency
r3wt
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June 06, 2013, 05:21:25 PM
 #16

would you care to review Megacoin

It's not that interesting, really. I guess it may not need a hard fork to fix the diff like FTC had, but that's about all I can think about it.

huff! classic case of bias. i like YACs, they hold their value well. but it appears that Megacoin is going to revolutionize cryptocurrencies. I spied on a conversation about it yesterday in IRC

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Kruncha
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June 06, 2013, 08:26:14 PM
 #17

I won't vote until worldcoin is listed Smiley

Just check out the new community forming around it here http://worldcoinforum.org/

Lot's happening in the worldcoin world.

K.
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