Quote from: crunchtime88 on February 27, 2014, 10:10:02 AM

Hey guys,

I'm looking to point my miners to an altcoin with the intention of holding long term. Coino is one my strongest candidate coin, just a few questions to help me understand better:

1. I read an article linked on the OP about the improved security, but how is that so if there is only 2 confirmation? doesn't that make this coin more prone to double spending?

2. I remember Coino being at 20000 satoshis? what happened that it came down so much? I understand all altcoins have lost quite a bit of steam from Bitcoin's crash, but seems like Coino went down even more significantly compared to other altcoins

3. I really like the idea of the credit and debit card idea. But doesn't bank fees still apply for merchants? how does this work?

Otherwise, seems like a great community, and I get the sense the dev team is very serious and professional. Thanks for taking the time to help me understand.

The starting price was unrealistic and people took immediate advantage of that and did a lot of dumping to drive it down to its actual value. Then it lost some of its actual value because the huge immediate drop caused panic. At the same time that this was happening, the dev had to take a leave of absence to handle some personal business. All of this at once lowered people's faith in the coin and it lost a lot of its steam. The core community that is driving this coin is still here though and now the dev is back and has a lot of big plans for this coin. Coino just got hit with the negative effects of ignorance and impatience. For long term holding I still believe in its potential.

I will let someone else answer your other two questions as I do not know the answers.