Hi all, is CAPTcoin in any way superior to Bitcoin considering that there will be no mining required? One big discussion on bitcoin has been on the consumption of electricity to keep it running which is a big wastage.
Many people think a POS coins is superior to Bitcoin, they all save electricity.... CAPT is a POS coin.... there are MANY POS coins...
The next question is a question of distribution of coins...
Some POS were simply given away, some were IPO's, one ( CLAM ) was even distributed BEFORE it was released..
Many of them are plagued with problems.... smart people could write bots to get more than a fair share, others made promises for coins and broke them. IPO: coins many just ran off with the money and stopped development...
THIS coin's distribution is unique... solving captchas requites a HUMAN and some time on your part... it allows for a fair distribution, yet also rewards individuals who spend some extra time with more coin...
So I think yes it is superior to Bitcoin. And indeed it has an equitable distribution system...
Everything depends on services and such introduced ( I think ) during the waning distribution era and after...
Right now GET YOUR COINS.... there initially will not be many of them... There are 20,000,000 total coins premined but I seriously doubt we will see them all given away.... but it could happen... we may have an excelerated adoption as the reward starts to drop...
Would be interesting to see graphs and such for this...