Re: Help us choose the 6th cryptocoin securities market for CIPHERTRADE
I'm afraid we have agreed to have a blanket ban on Feathercoin. Our advisory board does not believe it has a future. It is clearly a commercially-backed coin, not a product of the open source community. The strength of the order books are definitely artificial - they are too regular and too big. Also, there are many shills out there from what I can tell. Just hang out in the BTC-E Trollbox for a bit!
Megacoin is one I'd like to understand more. It has outperformed all other coins in terms of value this week (a 200x increase). But why? What is special about it?
I had not looked at Quark before. I thought it was just another scum coin. That looks very interesting indeed. A coin with a USP focused on security is definitely a niche. Of course there's the likes of Cryptogenic Bullion which strive to be extra-secure, but I don't think they have actually made any differences to the base scrypt coin other than increase the confirmations requirements.
Kate.
Megacoin is one I'd like to understand more. It has outperformed all other coins in terms of value this week (a 200x increase). But why? What is special about it?
I had not looked at Quark before. I thought it was just another scum coin. That looks very interesting indeed. A coin with a USP focused on security is definitely a niche. Of course there's the likes of Cryptogenic Bullion which strive to be extra-secure, but I don't think they have actually made any differences to the base scrypt coin other than increase the confirmations requirements.
Kate.
Pecunia non olet, your Majesty.
I advise your advisory board to be more agnostic and less judgmental, instead letting the market decide desirability of and assign legitimacy to coins.
4,500 BTC worth of Feathercoin changed hands today. Why let BTC-E alone reap those trading fees? Because of the 'ZOMG PUMP&DUMP SCAMCOIN' FUD common to all altcoins? That harms my interest as a shareholder and I object.
Megacoin, despite being open-source as well, faces the exact same charges of premining and other forms of bad-faith. It has excelled regardless, now with a market cap of $45 million.
If Litecoin has a glorious future so does its little sister Feathercoin. Just as Litecoin is a backup for Bitcoin, Feathercoin provides Litecoin with hot swappable redundancy.
As Ciphertrade's large marking budget attests, there's nothing wrong with commercial backing. Play time is over; the adults are arriving.
Megacoin's success springs from the same factors lifting Feathercoin: attention to translations, services, community, ease-of-use, aesthetics, and yes, marketing.
If Feathercoin is PNG at Ciphertrade, Megacoin must be for the exact same #REASONS.
And so my vote changes to Quarkcoin, in order to sidestep this rabbit hole for the time being.
All hail Queen CipherKate of Bitopia!
