Re: Bitcoin Private: the revolution of privacy coins?

Any coin that is a fork is just a lazy attempt on the part of the developer to try to piggy back off of the success of the coin that was created by someone else.

Despite the decent privacy features, you are right about the attempt of this and similar forks to capitalize on the success of of other coins.

And this one is a double fork! Just look at the market cap.

The market cap is artificially inflated because they forked from BTC. The vast majority of bitcoin holders would probably never claim their BTCP coins, ever.

But they are taken into account when calculating the current market cap.

Unclaimed coins will be used as reward to miners.

Yes they will, but for now they all count toward the total market cap. Do you have an estimate of the number of unclaimed coins? Another question is how long they are going to wait before using them as block reward. I guess, they will have to do that in stages, not all of the unclaimed coins at once.

Yes for now it's very bad and probably there is nothing we could do... in my opinion all of the unclaimed coins should be burned, but this is not on the whitepaper. Despite this Bitcoin Private is a community driven project and community have the power to ask for burning unclaimed coins if everybody wants this.

I think that almost 40% of the coins will be unclaimed, i dont know exactly. But probably this coins will be distributed in stages for miners, not all at once.