i dont know much of writing code but i guess pandacoind devs are pretty much copying the code and the devs of vertcoin are way ahead because they created it..
pandacoin is also so much premined that they easily control the prize and markets long time. so sounds like scam to me..
but, if its success i believe there is market for both of VTC and panda because pandacoin is designed especially for asian markets.
May do a quick pump and dump on that crap clone, then come back and buy more VTC.
i was thinking the same. no way im putting money to it, looks absolutely too shady.
good point to vtc is also the very open dev group. cant say exactly the same about pandacoins devs&investors..
Doesn't look like they're even going to bother renaming the Vertminer. Guess that makes set up easy though.
Mine the stupid thing on launch day for a day, kill off all the easy blocks (3% premine "not sold, but bidded off as an IPO" - so they sold off the premine instead of using it for giveaways and community actions like the description promised), make a few bucks if it ever hits an exchange, and then come back to one of the most creative community coins I've seen. Doge didn't even have the amount of innovation VTC has. Seriously? ATMs, Amazon, etc, etc, etc.
I'd love to see what would happen if you had a USD/VTC exchange set up. Just bypass BTC entirely.