Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY
by
coldstorage
on 29/08/2018, 02:38:09 UTC
My only regret is not to have more cash to throw into altcoins (and of course EMC2 first of all) during this atrocious bear market. Everying's on sale everywhere, but still you need money to buy Smiley

Yup.  I scratched together as much as I could, but at these levels, nothing is ever enough.  People are crazy.  The people selling in december had their heads on straight.  The people selling in August are going to be kicking themselves.  Even modestly successful coins have so much room to run.  Forget trying to beat bitcoin.  If a coin can corner a niche and capture a local market (could be geographically local, but could also be localized to interest, use etc), it doesn't need to beat anything, particularly with lightning atomic swaps in tow for easy cross chain interaction.

I'd love to see Einsteinium not as a general purpose currency first (though it could still function that way too), but as a platform for science crowdfunding (a la indiegogo) and edutainment (blockchain based games and other dapps focusing on scientific themes).  Lightning is a great start, both to make it easy for other cryptocurrency users to support science/have fun on our chain, but also to allow easy scaling of smart contracts that would otherwise easily bring congestion.  If the right smart contract platform got attached, it could really be a big deal. 

Additionally, PoS might be better than attempting to outrace the asic manufacturers who always catch up to any algorithm that becomes popular enough, and might pair better with smart contracts anyway.  But with lightning, it might not matter.  I do hate to see energy devoted to asic resistance when it appears to be a futile endeavour.