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Author Topic: [ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2  (Read 686754 times)
Jonesd
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December 08, 2014, 12:44:11 PM
 #4721

A really great opinion article was written about REDDCOIN on Reddit. I thought it would be nice to share this:

Quote
Cryptocurrency and the associated blockchain technology are very new and exciting investment opportunities. Because It could potentially disrupt the whole financial system by empowering common people. But there is a small problem. Crypto is SO new, and has such a low barrier of entry, that many new investors don't know how to view their investment. Which often result in people panicking for the smallest thing. But worry no further. It's basically simple.
Investing in cryptocurrency is like investing in a start up technology company with a twist. Imagine for a moment that there's an open source startup company called LaudneyTech. It is a new company, with a great idea. LaudneyTech wants to change the way we reward people doing great things on the internet by introducing decentralized microtransactions. So LaudneyTech wants to create a product called Reddcoin. And in order to fund it LaudneyTech does an IPO (Initial Public Offering) with a twist. The stock of this company, IS the product.
Soon LaudneyTech created the fully functional, but rather basic product, and gave away part of the total stock. The product is based on a product that is already well-tested for 3 years called Bitcoin. So now the software is here, the ideas are here, and LaudneyTech is growing. Soon even more people invest in Reddcoin by using their computer's processing power. This is called mining. Now all the current stock has been "generated", and has intrinsic value because it resembles used processing power.
Now that all the stock has been generated LaudneyTech runs into a problem. In order for it's product Reddcoin to function, it needs to be secured. One of their competitors called Peercoin has already found a solution to this problem and made it open source software, so anyone can use it. Peercoin calls this technology POS and it is truly amazing. In order to secure their product, every stockholder that has their computer connected to internet helps to secure the network, and gets rewarded for it. This is called minting. But POS still has some problems. For example POS doesn't promote being an active part of the network. LaudneyTech saw this, took the opportunity and created POSV. Which is a considerable improvement. There is,however, still some work to be done, but for now it works great.
LaudneyTech now has laid a strong foundation to build on. In order to better represent their vision, it is now dubbed Reddcoin - The Social Currency.
In the following months many new services were launched revolving around Reddcoin.

A tool is released which allows you to do social marketing for free called Reddcoin Broadcast.
ReddAPI is released allowing developers to easily use Reddcoin.
The community site Reddheads get created.
A new block explorer is released, which allows you to easily check transaction history of any ReddCoin address.
Reddcoin can now be easily bought in FIAT using Paypal and exchanges like Cryptsy.
The basic Reddcoin Tip Platform has been launched! (Chrome) (Firefox)
The Electrum Wallet & Social Wallet have been released!
A payment processor called Litepaid now accepts Reddcoin!
Services like Coin4Coin and SimpleSwap launch to easily exchange crypto.
Rdd.pw, an url shortening service for Reddcoin services was born![/li][/list]

And much much more.
Here we are now. 7 December 2014, not even a year after Reddcoin launched. The price for Reddcoin has fallen a bit, but it's real value has increased tremendously. The only thing stopping Reddcoin right now are some small growing pains. Mainly one big "Shark" who gains money by creating a massive buy and sell wall. But as bit by bit of the big Reddcoin puzzle come together. These growing pains will resolve themselves. Reddcoin may fall and rise, but I believe the future is bright.

If it was easy, everybody would be doing it
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unamis76
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December 08, 2014, 01:05:35 PM
 #4722

Very good read Smiley
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December 08, 2014, 08:11:21 PM
 #4723



You run  blog?, You can take as reward RDD.
You wrote a good post on forum ? you can take as reward RDD.
Recorded video?, You can take as reward RDD.


And there are 10 other coins that do the same thing and in some cases do it better.  If you are happy with RDD being in the 5-15 sat range this is a great coin, but if you think it is ever going to make you money, look elsewhere. This coin has missed its launch, and its community at reddit is now hanging on by a thread.

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(.
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███     WHITEPAPER      SLACK      ANN THREAD     ███
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▬▬▬  JOIN OUR ICO    From Nov 10th, 2017  ▬▬▬
BitsparkHK
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December 09, 2014, 03:24:14 AM
 #4724

We heard from the Reddcoin community and decided to add Reddcoin up for voting to be added to Bitspark! Support RDD Here

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December 09, 2014, 09:13:48 AM
 #4725

Guys how to install ReddWallet on Ubuntu?
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December 10, 2014, 08:10:59 PM
 #4726

Muhahaha great video Cheesy https://www.youtube.com/watch?v=_CdFtuF4UpQ
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December 11, 2014, 02:09:05 AM
 #4727


Happy about that 0.00000010 wall haha

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(.
.@75 c Stage 2.
)
███     WHITEPAPER      SLACK      ANN THREAD     ███
████     FACEBOOK      TWITTER      TELEGRAM     ████

▬▬▬  JOIN OUR ICO    From Nov 10th, 2017  ▬▬▬
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December 11, 2014, 02:43:47 AM
 #4728

I was recently asked to help out with the marketing of Reddcoin.  The following is my response.  Hate me, flame me, insult me.  However, until the developers of Redd understand the truth of my response, this coin is destined for obscurity.

"Sorry, in my humble opinion, Laudney is an idiot and this coin will die a slow death. Great beginning, great innovation ... and some of the worst leadership I have ever seen. Put the right person in charge and this coin soars ... Laudney is not that person. It is like this coin's development is run by a pack of 16 year-olds. That is what makes it so frustrating ... it has the potential to be the next big thing. Unfortunately, it is obvious that the powers that be will prevent this coin from realizing its true potential .."
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December 11, 2014, 04:46:33 AM
 #4729

Quote
And there are 10 other coins that do the same thing and in some cases do it better.  If you are happy with RDD being in the 5-15 sat range this is a great coin, but if you think it is ever going to make you money, look elsewhere. This coin has missed its launch, and its community at reddit is now hanging on by a thread.

Agreed.


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Sarahiko
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December 11, 2014, 05:37:23 AM
 #4730

Being in 9-15 sat range makes this coin no better than other alt coin, publicity is a must when it comes to this coin, supply is great but but few knows about it.
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December 11, 2014, 12:02:46 PM
 #4731


10 sat wall is good for me i buy right now a lot of RDD on 9 sat, and when 10 will begin to disappear i have to time for purchased. I now this coin from begin, at now price 9 10 11 is really cheap.



Edit: Hmmmm meaby 7 ? Wink
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December 12, 2014, 09:34:04 PM
 #4732

10 sat wall is good for me i buy right now a lot of RDD on 9 sat, and when 10 will begin to disappear i have to time for purchased. I now this coin from begin, at now price 9 10 11 is really cheap.

Well, now we are at 8 sat and dropping fast.  Go ahead and purchase your pile of Redd now ... I'll wait and start thinking about getting back in at 3 sat in a couple of months ;-)
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December 13, 2014, 11:52:28 AM
 #4733

Brand new Reddcoin faucet!
Should you want to start with Reddcoin, you might want to try and get some via this one!

http://reddfaucet.dogenews.eu/
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December 13, 2014, 06:36:24 PM
 #4734

10 sat wall is good for me i buy right now a lot of RDD on 9 sat, and when 10 will begin to disappear i have to time for purchased. I now this coin from begin, at now price 9 10 11 is really cheap.

Well, now we are at 8 sat and dropping fast.  Go ahead and purchase your pile of Redd now ... I'll wait and start thinking about getting back in at 3 sat in a couple of months ;-)

My actuall rate is 25% rdd buy at 9 now i waiting for next 25% at 8  10% at 7 and 30% at 6. Smiley Last time i sell all RDD at 17-18 sow now i can wait to droop biger Smiley  6 is ground for me

but i still think buying at rage 10-15 is good option for long term


btw. someone now what we doing now Wink
ReddCoin
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December 15, 2014, 01:55:16 AM
 #4735

This topic is closed.

Join us at ReddcoinTalk.org to continue the discussion.

https://www.reddcointalk.org

thanks

Reddcoin

REDDCOIN - THE SOCIAL CURRENCY
www.reddcoin.com
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