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Author Topic: Some thoughts on investing in datacoin: potential money-maker or not?  (Read 512 times)
nobodysbusiness
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March 03, 2014, 02:17:33 AM
 #1

I've been watching the price of datacoin drop lately, and I've been thinking about investing. I've already invested in MemoryCoin (MMC) and datacoin seems to be at a similar price-point right now. Some analysis:

With MMC, there's 10 Mil coins before 2% inflation kicks in, so if you wanted 1/10000 of the initial 10 Mil, it would cost about $100.

However, I found this thread on datacoin:
https://bitcointalk.org/index.php?topic=358592.0

It says that there will be 2 Billion max datacoins, so buying the same 1/10000 of the coins would cost about $17000. Something doesn't add up...

Is the max coins figure from the above thread incorrect? Or will the max coins not be hit for centuries?

Maybe there's someone on this forum that can advocate for datacoin and explain the situation...
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nobodysbusiness
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March 03, 2014, 01:28:22 PM
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Another question: has anyone spent any money to upload data to the datacoin blockchain? What was the user experience like? Do you feel that it was money well-spent?
GreekBitcoin
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March 03, 2014, 02:52:07 PM
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Another question: has anyone spent any money to upload data to the datacoin blockchain? What was the user experience like? Do you feel that it was money well-spent?

https://krypte.net/

i uploaded here for test and fun. It was as easy as a pie.
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March 03, 2014, 02:54:36 PM
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stay away from investment learnand watch at least 6 months. You will see. But if you want to feel some pain go for it.
nobodysbusiness
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March 03, 2014, 09:22:51 PM
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Good find. It looks like they have an interesting service built upon datacoin.

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stay away from investment learnand watch at least 6 months. You will see. But if you want to feel some pain go for it.

I'm only investing very small amounts at this point. If I were to buy into datacoin, for example, I'd probably only buy $50 worth. I can easily afford to lose that much.
Skaterdiejosh
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March 26, 2014, 11:36:01 PM
 #6

Seems to be at a low now any one think its going to go down even more??? Thinking about buying some ....

Tips -  13q4b2Rq2dA579KShuC2LapSK8E94ZeAWy
https://coinbase.com/?r=5276ab
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