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May 28, 2014, 05:28:30 PM
Last edit: May 28, 2014, 06:02:35 PM by boymilk |
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What do you think about Bytecoin and its forks?
If I were to invest, I'd probably put about 40:60 in Bytecoin and Monero with a little bit left for the other two forks (Fantom, Quazar) just in case.
Bytecoin was the first to implement CryptoNote technology and having the original developers behind the coin is a good thing of course but the fact that early adopters had already mined 80 percent of the total supply while the coin was only known in the deep web community is a bit worrying because that means that everyone else is pretty much fighting over the 20 percent that's still remaining plus if only a couple of the early adopters decided to dump their coins, the value would surely drop.
Out of the three forks (Monero, Fantomcoin, and Quazarcoin), Monero seems to be the most established fork as well as the oldest and the distribution seems a lot more transparent compared to Bytecoin which is a good thing. On the other hand, the Monero devs - while they seem competent, didn't actually write the code themselves so that's a bit worrying as well.
EDIT: Also does anyone know why Bytecoin isn't showing up on Coinmarketcap.com? Monero seems to be there but I can't seem to find Bytecoin anywhere.
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