Quote from: bathrobehero on December 17, 2016, 04:30:30 AM

Quote from: bensam1231 on December 17, 2016, 03:41:00 AM

A slow start is absolutely needed to prevent instamining.

Yes it's a stupid idea to invest from the beginning during slowstart, why do you need to invest immediately? That's not a problem.

SP says a lot of things, I'll believe these things when I see it. It's just as easy to say I'm going to be making a coin and it'll be released in the next decade, fair for everyone, amazing technological innovations, and large whale investor support! It's like the tagline for every trash coin released in the last three years.

Some people has to invest otherwise barely anyone would mine it. But I see what you mean. Unfortunately ZEC was way overhyped and likely heavily manipulated as well.

And the slowstart was so slow that ZEC was essentially instamined in a sense. Not amount wise, of course, that amount is nothing now but the first couple of people made a lot of money even with a fraction of a coin. Miners were virtually ripping pool owners' throats for payment delays. And then there's early private miners which also hurt distribution.

Anyway, my point is that you don't need ~34 days of climbing to avoid instamining, that's ridiculous. Even if there's a new algo waiting with no public miners.

But this day and age newly a released big coin without a windows wallet and some basic GPU miners for both teams is kind of laughable imo and makes it hard to take it seriously. Even Eth got a lot of flack for it and rightfully so.

A coin with linux/mac/windows wallets and basic GPU (not just CPU) miners at launch and some proper marketing way beforehand shouldn't need more than a few days of slow start.

And if you don't have all that, what's even the point of releasing a half-cooked coin - even if it has a killer feature (other than the obvious answer of making money)? It's not like you want as many people as possible to use it... oh wait.

Every coin gets heavily manipulated. People will invest regardless of there being a slow start, like with ZEC. Considering the market price of ZEC it's still a very healthy coin. Not many coins go 0-100 instantly.

It wasn't instamined. If people overvalue something other people will profit. Remember when the Playstation 3 launched? People paid way too much to get theirs day 1. That has nothing to do with mining and isn't a issue that can be fixed with a coin. Some people simply want to be first and are willing to pay a premium for it.

Coin had nothing to do with pool problems, also had nothing to do with private miners. They had a contest specifically to help aid in miner development (however they botched that a bit).

30 days isn't a bad window, if you consider a coin is going to last years, it's a drop in the bucket. If you want to get the word out and make sure everyone is there, there is nothing wrong with it. People will simply hold off to invest if they're serious. Investors are generally not stupid, they understand how this works better then a rag-tag bunch of miners that barely understand economics. By definition investing is risk-reward behavior.

Consider that we're two months out and only now coming into 'public' miners that hit 300sols on hardware. If you're a private investor with a lot of money and you can hire developers, how much earlier do you think they got theirs? If you had someone working on it from day one it may have even been close to two weeks in. Claymore is pretty much the best case scenario for miner development as he does it full time and he's pretty skilled, even that took him a month and a half to reach those speeds.

I agree there should be a windows wallet available early on, that really didn't have a whole lot to do with anything I was talking about though.