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Author Topic: 7 things that kill coins  (Read 1532 times)
xan_The_Dragon (OP)
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July 23, 2013, 03:59:50 AM
 #1

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation
2)Releasing software that in any way impedes certain users from using mining the coin such as not releasing gpuminer if developed,or making it faulty on certain operating systems ect
3)Not giving dev support- the number 2 two thing people look at is whether or not there is dev support
4)short block times, multiple issues, high rejects and low security
5)Agressivly marketing your coin-Hijacking threads attacking other coins and such, makes you look desperate
6) Copying/pasting  doing nothing new - no explenation needed
7)low starting difficulty sameeffect as premine

I have yet to find a coin that has failed that hasnt had one of these

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iGotSpots
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July 23, 2013, 04:28:03 AM
 #2

Looks like Spots will be successful then. On wait I just hijacked a thread. Shit.

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July 23, 2013, 04:46:53 AM
Last edit: July 23, 2013, 05:39:54 AM by A L I E N
 #3

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation
2)Releasing software that in any way impedes certain users from using mining the coin such as not releasing gpuminer if developed,or making it faulty on certain operating systems ect
3)Not giving dev support- the number 2 two thing people look at is whether or not there is dev support
4)short block times, multiple issues, high rejects and low security
5)Agressivly marketing your coin-Hijacking threads attacking other coins and such, makes you look desperate
6) Copying/pasting  doing nothing new - no explenation needed
7)low starting difficulty sameeffect as premine

I have yet to find a coin that has failed that hasnt had one of these

Haven't all of the major coins that succeeded had at least one of these characteristics?
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July 23, 2013, 05:09:17 AM
 #4

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation
2)Releasing software that in any way impedes certain users from using mining the coin such as not releasing gpuminer if developed,or making it faulty on certain operating systems ect
3)Not giving dev support- the number 2 two thing people look at is whether or not there is dev support
4)short block times, multiple issues, high rejects and low security
5)Agressivly marketing your coin-Hijacking threads attacking other coins and such, makes you look desperate
6) Copying/pasting  doing nothing new - no explenation needed
7)low starting difficulty sameeffect as premine

I have yet to find a coin that has failed that hasnt had one of these

Haven't all of the major coins that have succeeded had at least one of these characteristics?

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July 23, 2013, 06:30:41 AM
 #5

Since you think bitcoin is dying,
I guess you have sold all your bitcoins.  Roll Eyes

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July 23, 2013, 06:32:17 AM
 #6

Someone presuambly has, how else is the price being kept so low so long?

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July 23, 2013, 07:13:19 AM
 #7

What was the dev support for dragon coin, missed it.
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July 23, 2013, 08:56:05 AM
 #8

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation
2)Releasing software that in any way impedes certain users from using mining the coin such as not releasing gpuminer if developed,or making it faulty on certain operating systems ect
3)Not giving dev support- the number 2 two thing people look at is whether or not there is dev support
4)short block times, multiple issues, high rejects and low security
5)Agressivly marketing your coin-Hijacking threads attacking other coins and such, makes you look desperate
6) Copying/pasting  doing nothing new - no explenation needed
7)low starting difficulty sameeffect as premine

I have yet to find a coin that has failed that hasnt had one of these

Please take a look at cosmoscoin, it's really a goodcoin.

This is accont of CMC dev team.
Please donate CMC to us:
C9F6XmSESpKJVRjc2DkRZh1w6Ch53abRxL
barwizi
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July 23, 2013, 10:05:03 AM
 #9

Someone presuambly has, how else is the price being kept so low so long?

-MarkM-


Actual real world value, after the hype news agencies made about bitcoin, people started buying a lot which caused that massive bubble. People thought it's use would spread rapidly, but it did not....then someone capitalized on that and sold a ton of them, driving the price down. Now people are cautious when buying/trading btc.
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July 23, 2013, 10:16:06 AM
 #10

Nothing wrong with a small premine (<1% of total coins ever existing), depends on what is done with it.

If you don't like it, ignore it.
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July 23, 2013, 10:31:39 AM
 #11

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation
2)Releasing software that in any way impedes certain users from using mining the coin such as not releasing gpuminer if developed,or making it faulty on certain operating systems ect
3)Not giving dev support- the number 2 two thing people look at is whether or not there is dev support
4)short block times, multiple issues, high rejects and low security
5)Agressivly marketing your coin-Hijacking threads attacking other coins and such, makes you look desperate
6) Copying/pasting  doing nothing new - no explenation needed
7)low starting difficulty sameeffect as premine

I have yet to find a coin that has failed that hasnt had one of these

Please take a look at cosmoscoin, it's really a goodcoin.
No.

@OP
Most of the coins that suceeded has had one of these characteristics, like someone mentioned above. So this is not fully true.
There will always be new people with 0 knowledge who will mine scamcoins so..

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icreator
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July 23, 2013, 02:39:16 PM
 #12

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation

for replace a fiat money - premine will be  strongly need

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PerfectAgent
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July 23, 2013, 03:24:28 PM
 #13

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation

for replace a fiat money - premine will be  strongly need

What about Bitcoin?

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Hydroponica
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fml


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July 23, 2013, 04:39:52 PM
 #14

What was the dev support for dragon coin, missed it.

Some chinese dude, released the coin with a jr. account, him and his chinese buddies raped the shit out of it with a botnet, and he was never heard from again. Roll Eyes

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July 23, 2013, 04:43:04 PM
 #15

8 ) Idiots
drummerjdb666
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July 23, 2013, 06:56:46 PM
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Dicks.. ALSO fuck.. assholes.... Chuck!
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July 23, 2013, 09:23:51 PM
 #17

These kill coins

1) Premine- This absolutely kills coins in every way no need explaining, this includes % of coins mined to foundation

for replace a fiat money - premine will be  strongly need

What about Bitcoin?
Mined only by Satoshi for a period of time, because it wasn't known then. Hence that's not a premine.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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miffman
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July 23, 2013, 09:25:49 PM
 #18

Low total circulation of coins have a good potential to hold value...CGB, JUP, etc














 

 

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