Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPA] SpainCoin: freedom for Spain, LAUNCHED!
by
Herp
on 18/03/2014, 11:19:03 UTC

I don't like the idea of nation coins.
Simple as that. I see them failing one after the other. I am even willing to make a bet on it. How about something long term?

It doesn't mean that I didn't hold and then sold a few coin myself.
But right now, the situation is f*** up. And even the biggest fan would have to be an idiot not to see it.

Nation coins popping everywhere , no actual plan for delivery , peopel stuck with coins they bough at 10x times the price , bitcoin tanking...

This is the reality , but as I said it times after times

People blinded by greed can't hear the voice of reason anymore.

I think these nation coins have a great deal of potential if executed right. Have my eyes on one that's very successful doing the distribution. PM me for details if you want. I won't disclose it here.

Spaincoin needs to change a few things, IDs alone won't work, I'm afraid. Devs, however, seem to be surprisingly committed to the project, which is good.

I agree with those point. However I don't see the issues being fixed that soon.
As for the last it takes a lot of man power to actually do the checking  without a public id database.

Aurora will use a public database for the distribution. Iceland has public database with all people.

The coin I've mentioned earlier uses a combination of paperwork IDs and Facebook profile in a very ingenious way. Spaincoin could learn from that and try and use the same model.