Quote from: mindtomatter on May 24, 2013, 05:42:53 AM

Quote from: Lebrick on May 24, 2013, 05:35:03 AM

Quote from: limbaugh on May 24, 2013, 05:33:55 AM

Quote from: mindtomatter on May 24, 2013, 05:30:19 AM

Happy to talk to the creator, a miner, anyone who wants to represent the pro case for the coin.

You picked a fine example but feathercoin would be an better example of a successful shady coin launch.

Even Ripple would be better for you to interview

Quote from: mindtomatter on May 24, 2013, 05:35:03 AM

Feathercoin is on the list too, you guys just appear to have one right in the initial stages of taking newbies money, and also seems to be a more obvious scam with the amount pre-mined and the very fast exchange integration.

Forex and Crypto coins are like gambling, you choose where to spend your hashes and electricity, no one tells you or forces you to mine this coin or that coin. That is your CHOICE.

We're trying to understand what potential use coins like this serve besides being easy to mine because they're newly created. Does GLDcoin offer *any* improvement or advantage over bitcoin or litecoin? I get why you'd want to mine it, but I don't understand why anyone would want to buy it except being lied to about its future valuation.

Every single Alt-coin/Scam-coin/W.E.-coin now is a small step forward in helping us to learn about the bitcoin protocol better. Why do we have so many different smartphones on the market? they all do the same thing, text/call/web/smartphone stuff etc. Its all about competition and getting people to like this coin over that coin. Competition is what drives things forward.

In regards to it improving or having an advantage over bitcoin/litecoin it doesn't do any of those, as i said it helps us to understand the bitcoin protocol better. Even if the devs plans is just to pre-mine it and then dump it, if the community likes that particular coin then they will continue it on even after the dev has done a runner, an example is Gamecoin.

Buying it is like buying any other alt-coin really, your unsure if its gonna be worth something or not.

Quote from: Vikerus on May 24, 2013, 05:56:50 AM

I wouldn't worry about the dumps cause that is just the nature of what happens when there is high block reward in the beginning. The actual spread of the currency has to happen now. If someone wants to make money on GLDcoin the only way is to put in the work to create a back bone for it's value. Which means creating venues where GLDcoins are accepted. This could be something as simple as a payment system in a game where you buy in game currency for GLDcoins. Simple little things like this add up quickly because it spreads the user base around.

If you want to know what GLDcoin has over others. It's that if you provide the environment for it to grow the coin will hold its self up. The name is also very clever because gold is a timeless symbol for money. Meaning it's very easy for people of all ages accept "gold"coins over lets say... "feather"coins ect. As a legitimate token of value.

Well explained here too Grin