Post
Topic
Board Altcoin Discussion
Re: What do you guys think about ReddCoin?
by
EventualCoinMillionaire
on 07/03/2014, 22:13:55 UTC
It's strength is that a large investment was made by over 300 members totalling 168 BTC during the launch and post-launch phase. This investment has allowed for a return of the investment in RDD (not tied to the current price). The coin was well launched without trouble, and has for the most part been running flawlessly. The devs behind the coin have kept in touch with the community and have developed many good things for the coin including various tipping bots and so forth. The coin has a large community that is tipping the coin everywhere because of the large volume of coins available in total. There is a hard cap unlike Doge which removed the total coin cap recently, so the coin will rise in value over time.

The strength of that large investment, however, is also it's weakness. The devs have the BTC, and the community has the RDD but nothing obligates the devs from stopping all communications except for their moral conscience, which so far, has held ground.

The coin will enjoy a long and bright future but will eventually die if the devs stop supporting it's growth.