Quote from: LindsayJewels on February 03, 2014, 05:29:25 PM

Quote from: Mivexil on February 03, 2014, 05:11:46 PM

Of course the altcoin market is saturated. The point is, coins like this one at least set the bar a little higher. If people keep picking coins with at least an innovative PoW, that will cut off the basic coingened scrypt clones.

And let me repeat my question - What do you expect?

This coin does set the bar higher I agree. It is better than most being pushed through the market. Sorry I missed your question. In order for any alt-coin to break through the market it needs to be innovative enough to stand against the founding fathers of crypto. BTC and LTC for example. No need to get into the reasons why they are where they are at.

Out comes hype coins.

Then prime coin. Searches for prime numbers. Oh this is new and helps with science! Science is good right? Sure Riecoin does it different but the real target audience doesn't know and doesn't care. Most people get lost after the word crypto. Many people got lost when we wen't from money to debit cards. How do you think they feel here?

Regardless of the difficulty of creating an altcoin it needs to stand out in an easy way that makes people want to join in and purchase/trade/adopt them. Make a coin that helps cure cancer, stops obesity, solves world hunger, removes the american debt. Those are just quick examples but any cryptocoin needs to contribute to society in such a way that it grabs not only media attention but anyone outside the pool of crypto fanatics like us in order to stand any chance within an accepted market.

Transition into crypto being a valid currency exchange is an uphill battle made worse by hype coins. It is an inevitable issue but be smart about it authors. Jesus.

Let the hype coins hype. Release something that grabs on and "goes to the moon".

This is not a personal attack on the author(s). This just happens to be the unfortunate release that I happened to blow my steam. It is a step in the right direction but alas, not enough.

"A journey of a thousand miles begins with a single step".

The truth is - of course Average Joe is not interested in cryptocurrencies. They're just a hassle - you need to send your money to an exchange, buy whateverCoin and only then you can finalize your transaction. It's way easier to use a credit card.

The only real way to achieve any level of adoption is to have a vendor accept your coins, possibly with a discount for purchases (let's skip the curing obesity stuff, unless you have an idea how to implement that. Proof of running, maybe?).

But that's a vicious cycle - in order to have a vendor accept your coin, you need to be big, and in order to be big, you need market adoption. No vendor will accept an experiment based on an experiment.

Besides, you keep talking about LTC - what made LTC known to masses? It was one of the first cryptos other than Bitcoin and it had a new PoW algorithm. You claim that the second is not a way to make it big, and the first is now unattainable.

And this coin can be marketed to an extent. "Prime95 that you can pay your bills with"? Sounds fine to me.