Re: [ANN] TopCoin, Unique coin with rapid Block Halving (2 Days)
Yes I'm new but wanted to input my own two cents on the matter, been following this thread since about page 30 (when this coin was first introduced to me). TBH I see more potential with the coin than has been reported. One of the concerns brought up was that there will be no one to mine. From what I'm seeing, there are more workers mining this altcoin (and at a faster hashrate; more workers, faster hashing) than some of the other new and popular coins out there as well. Also, if the block solving expectation is at 30sec intervals, won't the mining of the coin still return results faster than say a bitcoin or litecoin? Per-day hashing with this coin will still have a better return and add new coins to the market more frequently than some of the other coins out there because of the 30sec block rule without saturating the market with too many coins.
The other thing this coin needs is markets to use the currency on. So many people worried about pumping-and-dumping this coins for quick easy cash, that method will only keep the coin low for a long time. This particular coin is so new in its infancy (it's only been mine-able for 6 days...) but will only gain the potential we want if we put some effort into it.
I remember when bitcoin first came out, like many I shrugged it off as a fad. The main thing that got bitcoin off the ground was that businesses and services took a chance on bitcoin, accepting payment with an otherwise useless currency at the time and now look where it's at. If we can get the word out about topcoin, getting some people exchanging it for goods and services like bitcoin started, it will eventually take off. I've seen the internet come together for a cause many times when something warranted it, we can do that here too.
I think the fact that so many people are still mining this coin well into it's infancy gives it a fair shot. We as a group and out there on other crypto forums just need to push on and give this coin a chance to walk. I do not think topcoin is or has the potential to be the next bitcoin, but who knows? Only time and our efforts will tell.
The other thing this coin needs is markets to use the currency on. So many people worried about pumping-and-dumping this coins for quick easy cash, that method will only keep the coin low for a long time. This particular coin is so new in its infancy (it's only been mine-able for 6 days...) but will only gain the potential we want if we put some effort into it.
I remember when bitcoin first came out, like many I shrugged it off as a fad. The main thing that got bitcoin off the ground was that businesses and services took a chance on bitcoin, accepting payment with an otherwise useless currency at the time and now look where it's at. If we can get the word out about topcoin, getting some people exchanging it for goods and services like bitcoin started, it will eventually take off. I've seen the internet come together for a cause many times when something warranted it, we can do that here too.
I think the fact that so many people are still mining this coin well into it's infancy gives it a fair shot. We as a group and out there on other crypto forums just need to push on and give this coin a chance to walk. I do not think topcoin is or has the potential to be the next bitcoin, but who knows? Only time and our efforts will tell.
On the whole I definitely agree with you
I am working hard every day to get the word out about this coin, so much so that I hope I can convince local businesses to accept payment in topcoin. Once everyone is familiar with the wallet software it's a breeze from there.The chance of a pump and dump decrease the longer this coin is in circulation. Big holders are circulating their millions into new hands. Eventually the big holders right now will have sold off at certain intervals to make a profit, while investors will buy in as the price goes up. The investors will then become big holders themselves, but not quite as big as the first (think hundreds of thousands rather than millions). More investors come in, some sell, some hold, plenty continue to buy, and the miners will continue to mine. Most importantly, the supply evens out among holders. You won't see people holding tens of millions at a time, but rather hundreds, or thousands if you're lucky, so the chances of a huge pump and dump lower dramatically.
I love the deflationary trend of this coin. The coins will get circulated very fast as more businesses accept payment in topcoin and more people trade it for goods and services. TopCoin has the potential to be huge, like Bitcoin huge. The only question is how much effort every topcoin holder is willing to give in order to make the coin a massive success. All it takes is an involved community that cares about the life of the coin and some word-of-mouth advertising. I think we can do it.