Post
Topic
Board Announcements (Altcoins)
Re: ANN: InsanityCoin
by
cryptohunter
on 17/02/2014, 16:03:26 UTC
i dont get it

I think the point of this coin is to deal with dump issues by adding a large transaction fee and then destroying those coins, so as coins are dumped 10% in demand by default is added. That's what I'm getting from the post anyway. Sounds interesting.

Pretty much yes - you'd have to be mad to dump it, as over the next 9 weeks all BTC will be used to buy back as much coin as possible to be destroyed. And every transaction destroys 10% of the coins sent. So the money supply always reduces, and the price always goes up.

Yes the concept does seem different and perhaps not to bad, however how can you consider launching anything without a windows qt. You do realise windows users for the most part have no idea about compiling their own qt from source ?