Post
Topic
Board Altcoin Discussion
Topic OP
CHNCoin - A social experiment?
by
thaile4ever
on 02/05/2013, 04:49:28 UTC
I imagine the person who released this coin is sitting back and laughing his ass off at all the lemming who jumps at the chance to mine a coin with zero information at all.  Why go through an effort to pump a coin up yourself,  if all you have to do is release one and let other people waste their time doing it for you and then reap the benefit yourself.

Lets looks at some facts about this CHNCoin.

The member who release the coin created the account the day before and has only  7 post.  5 post to get out of the Newbie area.  1 Post in the Chinese forum area 4hrs before another post in the Alt Crypto Forum.  During which over 1000 blocks had been mined already.

Does it offer anything innovative over litecoin?  Nope.

Do we know who even made the coin? Nope, there has been no information on the developer at all.  The fact that the Linux version wasn't compile correct shows just how much effort they put into making the coin.

If this is what happens every time a new coin is released then I feel that the crypto-currencies as a whole are bound the fail.