Is Novacoin (NVC) the real deal?

[bitcoinrocks]

I've always thought BTC, LTC, NMC, PPC, and XPM were the best coins, but I just realized that NVC has the third highest price behind BTC and LTC.  Is NVC the real deal?

[bitcoinrocks]

After some more research, I believe it's market capitalization that matters in this context, not price.  NVC is #5:

http://en.wikipedia.org/wiki/List_of_cryptocurrencies

It sounds like people are concerned about the pre-mining that took place with NVC and also the centralized checkpointing.  That may be enough to keep me away.  Should I reconsider?  Does anyone here like this coin?

[Masaca]

Novacoin is heavily premined (something around 200k I think). That's enough for me to stay away from this coin. But it's up to you if you believe in it or not.

And as already mentioned you have to look at the market capitalization (price * current amount) http://coinmarketcap.com/ (currently #12).

[Balthazar]

Novacoin is heavily premined (something around 200k I think).

http://www.devtome.com/doku.php?id=Novacoin

There is a lot of FUD, which comes from a few biased persons, like him (maplesyrupghost). They are spreading desinformation about 180k/200k/250k/(rand())k premine. It's obvious lie, such amount of coins simply didn't exist at the moment of this (i.e. troll's threads) threads publishing.

https://bitcointalk.org/index.php?topic=282314.msg3042727#msg3042727

NVC isn't more scamcoin than FTC or LTC. And you have nothing against this sentence.

Was NVC premined? Yes. Not just premined, but half of the premined coins were given to an exchange so they would accept NVC into their exchange.

All premined coins have been destroyed. I have looked over the blockchain and noted the graphs here:

http://www.cryptometer.org/novacoin_96_hour_charts.html

From the research I have done it appears it is as Balthazar has stated all along. All premined coins were destroyed.

There seems to be a lot of FUD going around about NVC at the moment.

Balthazar is a great developer. NVC has widened the gap between itself and PPC over time by balthazars continued development. Look at github. Its a endless field of updates all for the better

https://bitcointalk.org/index.php?topic=143221.msg3730462#msg3730462

I just recommend any new comers to Novacoin, or to alt-coin trading in general, to do at least do 1 hour research into NVC before saying the old tired stuff.

Do you know what my first post about  Novacoin was, 8 months ago?  It was something along the lines of "Is NVC just the newest scam lol, what a joke" -- or something to that effect, check my post record if you don't believe me, maybe it was my 30th post (complete guess).

But you know what? I jumped the gun like many others and accepted the prevailing bad press about Novacoin. This is in part because of all the scam/dumb coins that do exist, which makes people defensive, understandably. Novacoin is not one of those.  I read up on it, Balt himself patiently addressed my own ridicule of the coin back then, and now 8 months later I can say come around 100%. I was wrong in my initial poor judgement NVC, and this changed after learning more about it.  

Just asking people politely to please read the facts (and not so much the press) and make your own judgement if you are new to NVC.  

Also consider the possibility that at least some of the people telling you it is such a bad coin could also just be trying to keep the price down for themselves.

edit: here's the link to my own post. Just want to show how much I came around from my initial impression to my sincere liking of the design of this coin:

https://bitcointalk.org/index.php?topic=171438.msg1783254#msg1783254

==>

Masaca is heavily paid (something around 200 LTC for each post I think).

Seriously, try to spend some time to create a reasonable lie instead of this copy&paste. "200k premine" is nothing more than ridiculous bullshit, it's something like "The Bible is written by Bill Gates".

[Balthazar]

It sounds like people are concerned

It sounds like someone tries to buy more coins while keeping low price. Take a closer look to this posters, they are all seems quite similar. Too similar, actually.

and also the centralized checkpointing.

It's optional and can be disabled... And it's planned to remove this feature in the upcoming releases.

By the way, XPM, PPC and FTC has the CPs too.

[bitcoinrocks]

What makes NVC better than PPC?

[Balthazar]

What makes NVC better than PPC?

NVC ideology is slightly different.

1) NVC has the dynamic PoS emission (depends on PoS difficulty);
2) NVC uses PoS & PoW blocks for the network protection (i.e. NVC requires some energy to function properly);
3) Stake holders are significant emission source, but they are not a "Gods" here;
4) Some developers time is reserved for the new technologies (LevelDB and many protocol fixes are implemented, we are also investigating a ZeroCoin advantages or disadvantages, for example).

Anyway, it depends on your definition of "better" term. Somebody can say, that PPC is better because of energy efficiency... Or even "PPC and NVC are broken, FTC FTW"

[Slingshot]

"Peercoin's original and noteworthy innovation is the proof-of-stake+proof-of-work hybrid system."


"Novacoin is a hybrid scrypt Proof-of-Work (PoW) + Proof-of-Stake (PoS) based cryptocurrency operating with no central authority via peer-to-peer open source network. Novacoin has no hard cap except for the 2 billion coin max that has been entered for coding purposes; this can be lifted in the future if needed."



edit:
----------------------------------------------------------------------------------------------------------------------------------------

Primary Difference Between them:


                  Sonny King is the creator and designer of PoS with his Peercoin that has lead the way for all PoS types.

                 These are the first two Hybrid Crypto-Currencies with both PoW & PoS combined in each of them.


Peercoin -   The Proof-of-Work in Peercoin is based on SHA-256 like Bitcoin is. Plus the evolutionary PoS by Sunny King.

Novacoin -  The Proof-of-Work in Peercoin is based on Scrypt like Litecoin is. Plus PoS adapted from Peercoin's PoS.

               ---------------------------------------------------------------------------------------------------------------------------------------




What’s the Difference between NovaCoin and PPCoin?
------------------------------------------------------------
see this for starters:
http://novacoin.org/wiki/



SEE their mining history for yourself on easy to read charts!

cryptometer.org - Historical Mining Rate Production Charts
-----------------------------------------------------------------
http://cryptometer.org/index.html




and


NOVACOIN
-------------
http://novacoin.org/



The Correct Download site for Novacoin (NVC)
----------------------------------------------------
http://sourceforge.net/projects/novacoin/files/



and


PEERCOIN
------------
http://peercoin.net/ (new?)

https://en.wikipedia.org/wiki/Peercoin

The Correct Download site for Peercoin (PPC)
--------------------------------------------------
http://sourceforge.net/projects/ppcoin/

http://www.ppcoin.org/ (down at the present time?)
I think their about to switch them around so the .org will come back.
Their remodeling the home site as I recall when I was reviewing
PPC threads again early this week?




 Many superior newer issues are based partially on one or more of the two above from what I have learned reviewing things.
.


 These are improved models over PoW Only Types, imo. But that doesn't make it so just because I or others think so! Yet they do have some very innovative features that will very likely prove irresistible to many, again, imo.


 These don't take anything away from properly built PoW-Only issues such as Bitcoin for example.



 As for the allegations of Novacoin pre-mining. Well even Bitcoin was a premine of a sort, well maybe "insta-mined" is a better fit, but it too doesn't exactly fit. Okay, yea it does fit, okay, well sorta it doesn't, well...sorta it does...IF allegations are 100% accurate! Impossible to say with any certainty at all. It's all hearsay that I heard so far. See the very first week it appears that the developer(s) got to mine bitcoin for several days, all, or mostly by themselves. Get over it. I did in about the time that the video ran.


Video: RE: Bitcoin
------------------------------------
Satoshi has how many Bitcoins?
------------------------------------
http://www.thebitcoinchannel.com/archives/29156


 It's called Capitalism. Not Socialism. Not Communism. And not Fascism. But instead, real, live, decent, and a vastly superior alternative to our present fiscal and monetary systems and policies. They deserve what ever they ultimately get as long as their never punished but instead handsomely rewarded. They EARNED it. At least in my own mind they earned it. And a whole lot too! But a drop in the preverbial bucket in the scheme of things. That's fine too. For the gift they handed the world, mankind, and the future generations that's the bargain of the millennium, and then some. Once one catches on I think they will agree too. As long as their not...well figure that out yourselves!

See the link for the Mining History Charts I listed above and below. It's all there, except WHO was doing the mining! So whatever. They EARNED it. Unlike a whole lot of others that claim that their billions and power earns them the right to pay less of a percentage of their incomes in taxes than us 'little people'. Wrong.

This is ALL ABOUT DECENTRALIZATION of Power and Control by the Few over the Many. Or in other words to simply to take the Credit Card away from our crazy and wild children (Governments and Bankers). And in doing so we are forever freed of having to carry their water for ever more! ''They don't relish this concept. But at least some governments are seeing many of the vast benefits this will all bring to everyone, them too. And realizing that this is a vast improvement for all of us, even governments and bankers too, imagine that, and most of those bankers fear what they should readily embrace. Guess their not the 'best and brightest' after all, lol...

 Their grownups. They are willing to tolerate this as long as it doesn't overwhelm them all at once. We're all likely to have both existing fiat currencies we all know and use, and crypto side by side for quite some time to come. That's perfectly acceptable to myself, finally something acceptable! Did I stress FINALLY...! yea, finally!


 Ever so slowly we can all help turn this world around and make it a whole lot better if only we try. These are The Solutions. Many of these types of Crypto-Commodity-Currencies (CCC)= just coined the phrase CCC myself. Run with it.


 If you care to know the detail of Novacoins history here are two great, private, secure, offshore search engines. Think of great search phrases and have at it.

 I am rather sure you can quickly get the picture if you spend enough time reading all sides to the story. Just realize that sometimes the truth lays in between the allegations and the defensive statements. And sometimes it doesn't.


https://www.ixquick.com/

https://startpage.com/




 Above all else do your due diligence! (read, study, learn, research). Earn it.
--------------------------------------------------------------------------------------



repeat:
--------

What’s the Difference between NovaCoin and PPCoin?
------------------------------------------------------------
see this:
http://novacoin.org/wiki/


and


SEE their mining history for yourself on easy to read charts!
cryptometer.org - Historical Mining Rate Production Charts
-----------------------------------------------------------------
http://cryptometer.org/index.html





Caveat emptor - let the buyer beware!

 

[Masaca]

Novacoin is heavily premined (something around 200k I think).

http://www.devtome.com/doku.php?id=Novacoin

There is a lot of FUD, which comes from a few biased persons, like him (maplesyrupghost). They are spreading desinformation about 180k/200k/250k/(rand())k premine. It's obvious lie, such amount of coins simply didn't exist at the moment of this (i.e. troll's threads) threads publishing.

https://bitcointalk.org/index.php?topic=282314.msg3042727#msg3042727

NVC isn't more scamcoin than FTC or LTC. And you have nothing against this sentence.

Was NVC premined? Yes. Not just premined, but half of the premined coins were given to an exchange so they would accept NVC into their exchange.

All premined coins have been destroyed. I have looked over the blockchain and noted the graphs here:

http://www.cryptometer.org/novacoin_96_hour_charts.html

From the research I have done it appears it is as Balthazar has stated all along. All premined coins were destroyed.

There seems to be a lot of FUD going around about NVC at the moment.

Balthazar is a great developer. NVC has widened the gap between itself and PPC over time by balthazars continued development. Look at github. Its a endless field of updates all for the better

https://bitcointalk.org/index.php?topic=143221.msg3730462#msg3730462

I just recommend any new comers to Novacoin, or to alt-coin trading in general, to do at least do 1 hour research into NVC before saying the old tired stuff.

Do you know what my first post about  Novacoin was, 8 months ago?  It was something along the lines of "Is NVC just the newest scam lol, what a joke" -- or something to that effect, check my post record if you don't believe me, maybe it was my 30th post (complete guess).

But you know what? I jumped the gun like many others and accepted the prevailing bad press about Novacoin. This is in part because of all the scam/dumb coins that do exist, which makes people defensive, understandably. Novacoin is not one of those.  I read up on it, Balt himself patiently addressed my own ridicule of the coin back then, and now 8 months later I can say come around 100%. I was wrong in my initial poor judgement NVC, and this changed after learning more about it.  

Just asking people politely to please read the facts (and not so much the press) and make your own judgement if you are new to NVC.  

Also consider the possibility that at least some of the people telling you it is such a bad coin could also just be trying to keep the price down for themselves.

edit: here's the link to my own post. Just want to show how much I came around from my initial impression to my sincere liking of the design of this coin:

https://bitcointalk.org/index.php?topic=171438.msg1783254#msg1783254

==>

Masaca is heavily paid (something around 200 LTC for each post I think).

Seriously, try to spend some time to create a reasonable lie instead of this copy&paste. "200k premine" is nothing more than ridiculous bullshit, it's something like "The Bible is written by Bill Gates".

Ok I am sorry, I didn't knew that. I joined the cryptocurrency community a few weeks ago and informed me only a bit about Novacoin. There was an article saying that Novacoin is heavily premined. That was already enough for me to not trust this coin... I didn't knew that the coins were destroyed.