Experiment with 5 altcoins (BCN, DRK, FLT, KMC, MINT)

[havanabob]

How will the devs use premined MINT? They say nothing about this, this is very strange and alarming.

Part of it is meant for the creation of the Mintcoin Fund the world's first legally registered NGO for crypto (despite its name, the Bitcoin Foundation is not an NGO). I can't say much even me I don't know how all the premined had been spent (or is planned to be).

What connects the exchange MintPal www.mintpal.com with MINT? Exchange and coin were launched at the same time. I hope MINT isn’t purely speculative.

Officially, nothing, just a nice coincidence. Since I am neither in Mintpal admin's nor Mintcoin dev's shoes, I have to believe it

It's too good to be a coincidence. I won't assume the worst possible outcome but it does look suspicious.

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[JPSelzer]

I discussed about a future of cryptocurrencies in this thread (My view on the future of Crypto Currencies), and mgburks77 give the link to interesting thread also (Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat).

Clear that cryptocurrencies 2.0 must have a several options:
1.   Resistance of GPU- and ASIC-mining. Not a “clean” fork.
2.   Resistance of the threat 51%.
3.   Privacy and data protection – it’s named “truly anonymity” in community. Sender’s and receiver’s data should be encrypted maximum.
4.   Decentralization. Low concentration of funds in large exchange. Not speculative.
5.   Apps to better part platforms (Windows, Linux, MAC and mobile of course). Native wallet.
6.   Strong devs (with background). Tech. support.
7.   And philosophy! It should not be speculative cryptocurrency, devs must want to change an economic and this world.

Most of this options are declared in some cryptocurrencies.
I decided to conduct an experiment. I chose the 5 cryptocoins and I will follow them during the month. I will install wallets, mine and trade them and see on changes (devs, community, courses, rumors etc).
I will be glad to get advises and comments!

So my choices is (alphabetical):
1.   Bytecoin (BCN) – https://bitcointalk.org/index.php?topic=512747
2.   Darkcoin (DRK) – https://bitcointalk.org/index.php?topic=421615
3.   Fluttercoin (FLT) – https://bitcointalk.org/index.php?topic=509499
4.   Kimocoin (KMC) – https://bitcointalk.org/index.php?topic=524216
5.   Mintcoin (MINT) – https://bitcointalk.org/index.php?topic=450381

I will start tomorrow. Stay tuned!

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

Your link is not working.

[Nxtblg]

KMC was launched on April and has the KimoShop where you can buy real products already.

That's actually a great idea. More developers should introduce something like this.

It's so great an idea, it'll be copied all over the place if it flies.

But seriously, using cybers as virtual coupons is a perfect niche for alts.

[omahapoker]

out of the 5 i perfer MINT


hope it goes higher

[Denni]

KMC was launched on April and has the KimoShop where you can buy real products already.

That's actually a great idea. More developers should introduce something like this.

It's so great an idea, it'll be copied all over the place if it flies.

But seriously, using cybers as virtual coupons is a perfect niche for alts.

It is! It's a great reason for start mining something. Imagine if each coin has it's own partner and offers different goods - select a coin according to the goods it's offering!

[Nxtblg]

KMC was launched on April and has the KimoShop where you can buy real products already.

That's actually a great idea. More developers should introduce something like this.

It's so great an idea, it'll be copied all over the place if it flies.

But seriously, using cybers as virtual coupons is a perfect niche for alts.

It is! It's a great reason for start mining something. Imagine if each coin has it's own partner and offers different goods - select a coin according to the goods it's offering!

Yeah! If I had the bank to buy a small store, I would jump on the idea. Effectively, I'd be distributing store credit to miners via PoW. It'd be an interesting experiment to see if I could drum up some business for the store that way...

[whatsthestory]

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

[whatsthestory]

How will the devs use premined MINT? They say nothing about this, this is very strange and alarming.

Part of it is meant for the creation of the Mintcoin Fund the world's first legally registered NGO for crypto (despite its name, the Bitcoin Foundation is not an NGO). I can't say much even me I don't know how all the premined had been spent (or is planned to be).

What connects the exchange MintPal www.mintpal.com with MINT? Exchange and coin were launched at the same time. I hope MINT isn’t purely speculative.

Officially, nothing, just a nice coincidence. Since I am neither in Mintpal admin's nor Mintcoin dev's shoes, I have to believe it

I like your signature and glad to hear this ;-)

[Bitcoin Fiction]

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

[smithch]

Thanks for trying to keep a seemingly unbiased approach to these coins.

[BreakingBAD]

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

The new generation altcoin must be completely anonymous, easy to buy\sell and have good dev team who would solve any problem asap (cause there's always hacks)

[jekecoin]

Interesting post, more reviews?

[Bitcoin Fiction]

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

The new generation altcoin must be completely anonymous, easy to buy\sell and have good dev team who would solve any problem asap (cause there's always hacks)

How can _new_ currency be easy to buy/sell? Nobody wants it yet, so by default it's impossible on early stages of the coin.

Agree with you on everything else tho

[JPSelzer]

Thanks for trying to keep a seemingly unbiased approach to these coins.

Why are bots quoting me? I said this like 3 days ago.

Maybe he liked it so much he couldn't resist and tried to be as cool as you?

[ndonnard]

Thanks for trying to keep a seemingly unbiased approach to these coins.

Why are bots quoting me? I said this like 3 days ago.

Maybe he liked it so much he couldn't resist and tried to be as cool as you?

Or he couldn't find another words to express his point of view..

Anyway I want to see next post about the experiment! Where is author? 

[whatsthestory]

Sorry, I still cannot use my PC (laptop only)! So I will continue my review when the problem will be solved. 

[whatsthestory]

Thanks for trying to keep a seemingly unbiased approach to these coins.

Why are bots quoting me? I said this like 3 days ago.

Wow, It seems to me - anyone says "DRK" and bots appear in a thread.

[whatsthestory]

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

The new generation altcoin must be completely anonymous, easy to buy\sell and have good dev team who would solve any problem asap (cause there's always hacks)

How can _new_ currency be easy to buy/sell? Nobody wants it yet, so by default it's impossible on early stages of the coin.

Agree with you on everything else tho

Oh, you can see my view in the top post - https://bitcointalk.org/index.php?topic=561992.msg6129696#msg6129696 :-)