Quote from: Ozziecoin on February 10, 2015, 03:37:32 AM

Quote from: FXCI on February 09, 2015, 06:47:18 PM

I wonder - why the coin has no value?

Because people are rightfully suspicious of pre-allocated coins, and Ozziecoin is pre-allocated by 50% of total coins.

We are distributing the pre-allocated coins slowly at first, and if the user base grows we will accelerate it.

If the wider public actually starts using crypto and Aussie want to try a free digital coin first, they can use Ozziecoin and have a play before buying bitcoins.

This is also why we tell people not to speculate on Ozziecoins. We don't want anyone to lose any money.

I am an Australian myself and this coin IMHO has no reason to exist, a lot of Business and Services in Australia do accept Bitcoins & a lot more are gradually coming aboard.

Altcoins just aid in the way to make Bitcoin through "Playing the GAME" If you look into what the game is then you will understand why I chose not to write about it all as it is ever changing and ongoing in the way you play it, you gotta remember Bitcoin is the Big Boss in the Crypto Scene and everyone strives to get some/more through Mining/Investing.

The whole phone number thing to get Ozziecoins is ridiculous too as anyone can buy any Service Providers Prepaid Sim for $2, if you really are Australian you should know this already...

I am not saying anything to cause FUD intentionally but this is how I see it, if you were into mining you would acquire the most profitable hardware at the time for mining and mine the shit out of the most profitable coins and then dump them for all you could get to make your way to ROI.

Most if not all Australians that know about Bitcoin & Altcoins that want to make money do this, soon the X11 Series of algorithms will be cracked by ASIC's and then the scene will start using other different algorithms that will essentially start on CPU, then go to GPU and stay there for a while until ASIC's get adapted to them once again.

We have seen it go on for ages as it is basically the norm and how companies make money for potential gain by miners which is the "game we play" when it comes to how investors feel about offloading money into potentially big coins then dump when the price goes high, rinse and repeat.

Plus getting a CryptoCoin that is made in Australia recognized, your odds will be fairly low, look at our governments & media.

All this leads to the question "Why not Ozziecoin" ?

The above are the majority of the reasons but also it has Billions of coins (Too much in the game we are playing today) also the coin doesn't have any current incentive.

If you could find a way to improve/get around all these thing & maybe reboot I would perhaps look over the coin again.

Good luck in your endeavors.