Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
by
bzyzny
on 03/09/2017, 16:37:48 UTC
Reasons I like Sumokoin:
1) No ICO! Not a fan of premines either, but is better than ICO. I see ICO as a money grab and catering to traders instead of focusing on development and proving/earning the coins worth thru solid development. At least with premine the devs still have to work to make those coins worth something. Also late adopters have a fair chance to obtain sumo thru mining for many years.

2) High level of privacy from the beginning with ring size of 12. Monero is great but the fact that the transactions prior to 2017 aren't really private is not ideal. Also xmr has a low minimum ring size (I believe ring size 0 is still allowed, which is definitely not ideal). Higher ring size reduces the effectiveness of Sybil attacks.

3) Devs do not hype or make unrealistic claims about the coin, but instead they have shown they are more concerned with steady quality development.

4) Despite the large amount of hash rate that is either a private mining farm or botnet, it is still possible for the average person to mine a reasonable amount with 1 or 2 GPU/ CPU. Also cryptonight isn't brutally stressful on my GPU, unlike many other algorithms.

5) Great community so far, the thread is not full of "to the moon" BS or trolls. Everyone here seems genuinely interested to see how development will progress.