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March 08, 2014, 06:40:29 AM |
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I'm throwing 2Mhash at it on the theory that the rapid weekly halving on the first 6 weeks will cause the price to spike up massively once all the dumpers run out of easy coins to throw away for 2 satoshi a piece.
It looks to me like the dev as examined the crypto scene carefully and realized how chock full it is of people who mine alt coins with no intention at all other than seeing how much BTC they can obtain from the nearest exchange at their first opportunity.
I hear a lot of people throwing around the term "shitcoin" at the drop of a hat, it seems to be the generic label for any coin which doesn't become an instant success. Sure there a lot of "devs" who are not really dev's at all, and are pumping out coins also for the same purpose of merely trying to get hold of as much BTC as they can, but that doesn't mean the technology of any given coin is "shit". Any one of these coins is a technological tour-de-force which could be taken over and run properly by the community, if the dev vanishes. Fact is, the chances of any coin becoming an instant success, regardless of it's settings, are extremely small, and even less so if the community does not support it's growth and development because they've decided it's a "shitcoin" and the dev ought to be working 16 hours a day for free to support their desire to create free money out of thin air with their graphics cards.
I don't think Zeit is a "shitcoin" or a "scamcoin", I also don't think that the devs on this even need to have honourable intentions because the massive Zeitguest community (which in all honesty I've never really taken seriously), is likely to support and develop this coin regardless of who developed it originally.
In fact, relying on a single developer to have good intentions and to keep a coin running, for free, is a very strong point of failure, these coins are meant to be de-centralised and yet people seem to think there ought to be a central authority "the dev" controlling things and doing programming work for the community like some sort of slave.
Everytime I see someone saying "shitcoin" what I see is someone who blatantly has no clue about how coins actually work, how to create one without using coingen.io, or how to get involved in actually working to support and improve a coin. Someone whose sole contribution to the entire crypto endeavour is badmouthing any coin they don't like. In case you don't get it, I will reiterate; all it would take for any "shitcoin" to become a viable platform for business is for a group of people to create a foundation for it, perhaps re-brand it, and to actually do some real WORK promoting it and creating business start ups around it, instead of just sitting around on their arses bitching about "shitcoins".
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