Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
stormia
on 29/03/2014, 21:16:17 UTC
I have an honest question.

To an investor in wall street how can i explain in a single powerpoint slide why Blackcoin has bigger Market Cap than Mintcoin, they have same features. Mint was released 10 days before and is hybrid POW/POS, to an outsider they are practicaly the same

Im conducting investing rounds, i now FAST/POS is the future and i need your side of the story, for an possible investment.

Thanks.



1. Mintcoin is pre-mined by the developer. Roughly 3% of the total money supply he gave to himself. The crypto community tends not to like such schemes.
2. Mintcoin dev launched the coin saying the pre-mined coins would be spent on bounties etc but weeks later he refuses to list what he spent the coins on.
3. Mintcoin has 20% rate of interest compared with Blackcoin 1% rate of interest. The higher the rate of interest the great the dampening/suppressive effect it has on price as some of those new coins will get dumped on the market.
4. Blackcoin has a great developer. He's responded very quickly to any issues that have arisen.
5. The community has pioneered innovative concepts eg the blackconimultipool, a pool to boost blackcoin price whilst decrease the price of competing alt coins. Encouraging for the future.
6. Community and trading volume. Mintcoin trading volume is tiny. Very few people are buying and selling it on exchanges which suggests to me a lot of the activity in the mintcoin community is sockpuppets (one person with multiple accounts).

Those are specific reasons. There's lots of general reasons why two clones with identical features (seemingly) have different values. Feathercoin is a clone of Litecoin with 4 times as many coins and it has been out for 9 months and is nowhere near Litecoin's price. Community support is a huge factor in a coins success (see dogecoin for example).

MINT is PoW/PoS hybrid so it doesn't have blackcoin security flaws

+1. Pure PoS is new, which is exciting and has great potential, but its security has also not been as tried and tested. Plus people really need to get over Mintcoins premine. It IS being used to build infrastructure, hence mintcoin is on 23 exchanges and already has 34 merchants accepting it, the Mintcoin Foundation is in the making, other developments surely on the way. We need to find better selling points for BC other than the fact that it has no premine- especially considering the PoW phase was only 1 week long and anybody with any sense of what that means understands that that is essentially an insta-mine. Sorry, I am a supported of both Mint and Blackcoin but I like Mint more in the long term even though I've made more money off of Blackcoin (that should say something).

point #6 from mr_random is a joke. mintcoin is on way more exchanges than blackcoin so of course its volume on any given exchange will be lower. Also, if anything, blackcoin is the one being manipulated by sockpuppets- the community is much smaller and just pay attention to the market and you can see people selling to themselves/buying from themselves (this has been pointed out many times by other people on this thread who also support BC).

Please don't listen to mr_random, there are much more unbiased people on this thread who support BC and will give you more honest answers which don't rely on bashing another coin (I'm not saying listen to me, I have conflicting interests too although I honestly want both mint and bc to succeed and dont see why they cant, but don't listen to mr_random as he has demonstrated many times in the past that he is little more than a shill for BC).