What it the relationship between WC and BC
Does WC copy from BC
No, WC is not copy or a clone of blackcoin.
White Coin :
Scrypt
Total Coins: 300,000,000
Block Reward: 30000
Total Blocks: 10000
POS After Block: 10000
Premine 0.78% for Dev support, and future development.
Block Time: 1.5 Minutes
Difficulty Retarget: every block
Confirmations on Transactions: 7
Confirmations on Mined Blocks: 350
Fees: Minimum transaction fee of 0.00005 WC
Stake Interest: 2% annually
Black Coin :
Scrypt
Total Coins: 74,000,000
Block Reward: 10000
Total Blocks: 10000
NO PREMINE (but badly distributed)
Block Time: 1 Minute
Difficulty Retarget: every block
Confirmations on Transactions: 10
Confirmations on Mined Blocks: 500
Fees: Minimum transaction fee of 0.00005 BC
Stake Interest: 1% annually
Comparing them both,
Why would any1 say it's not a copy or similar to BlackCoin in many ways? It's trying to imitate the success of what BlackCoin had created over the past 2 months.
Why is everybody bringing the distribution of BlackCoin as something that is badly done? WhiteCoin is going thru somewhat a similar process of distribution, so in effect, if you say BlackCoin is badly distributed, WhiteCoin has essentially similar properties.
Its PoS interest is a difference of 1% from BlackCoin and its transaction speed is a bit faster...
But alas, it's premined 0.78% which is = 2.34 Million WhiteCoin...
So lemme ask you, why would you expect a 900 sat price would hold with 4x more coins and not to metion 2.4 mill that's premined?
Its specs are true, in some aspects different, but all much too similar to BlackCoin, tell me what differentiates itself?
Other PoS coins are doing the multipool thing in the wake of BlackCoin's. Other PoS coins are more active in their attempts at marketing and creation of value. Community? None I see that could contend to...
Not a clone? a Laughable argument that does not hold.
But if the argument is to make money off people by trading, I agree.
Unless the community creates something that'll catch on... I'm not sure if this white rocket will take off.