Hi dev, I read everything I could find about the project, but I still don't get which problem it solved (better than others do). The "why should I care" in OP isn't that convincing, sorry :/ on top of that, installing a wallet always is a risk, even if the code is on github.
If there is a bigger picture behind this, that I don't get, it would be awesome if you could e.g. compare your project to 2-3 competitors and state why you project is better (or should be preferred).
Thanks a lot.
Cheers Mith
The main goal of the project is not the coin but putting it into use, starting with store that will be a proof of concept and a glimpse where this
coin is heading, so let the motivation for every one involved in this project be
use it or loose it. Now to some comparison with other coins, even though Bitcoin was/is and will be the king of all cryptocurrencies, will use it as reference
as what we learn since 2009 (the last 9 years)
1. Low fees: at $19000 and fee of 0.001 that is $19/transaction which is high fee. Try to buy a service with bitcoin that costs $100
with fees that will be $119 that is +19%, credit cards have a commission of 2%, that implies that bitcoin is good for sending
money let say amounts form $800 and above. The liquidity of Javacoin will guarantee low fees even if the price reaches $10/JVC
the fee will be $0.01/transaction (1 cent) .
2. Crypto-currency: let's forget for a moment the word crypto and focus on currency, the question is is it used as currency? no it is used as precious
metal.
3. Supply : only 21,000,000 , give a big chance of manipulation
https://bitinfocharts.com/bitcoin/ , the Top 100 Richest is the data shows
that ~3,000,000 BTC are in the hands of only 100 persons/exchanges, and the situation is worse with LTC and Doge
https://bitinfocharts.com/litecoin/ ,
https://bitinfocharts.com/dogecoin/ 4. Fair launch: Can't say how the launch of Bitcoin, Litecoin and Dogecoin was, no data available for us. but can say that the launch of Javacoin is
fair, there is website, twitter and this announcement to give information about the coin.
5. Fast transaction: 6 confirmation and the coins can be spendable the it 3 minutes for Javacoin, comparing with bitcoin 6 * 10 minutes = 60 minutes,
Dogecoin has also 3 minutes timing.
6. Block size: 1MB soft block size and 32 MB hard block size, gives a room for plenty of transactions to be placed into one block. Why did
bitcoin cash project (Bitcoin fork) come alive? for solving the slow transaction by offering a hard block size of 8MB and to some
how solve the problem with liquidity, one day we have 21Million bitcoins the second day after forking another 21Million coins
from thin air (so if you have 1 bitcoin after forking you will have 1 bitcoin and 1 bitcoin cash) and fork chain continued
with bitcoin gold, etc.
These are listens learned and hopefully it is enough for now.