Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPA] SpainCoin: freedom for Spain -MERCHANTS added, now traded on CRYPTSY!
by
dminer69
on 04/04/2014, 17:51:54 UTC
The Spanish Cryptocurrency > They didn't pre-mine (PesataCoin) - https://bitcointalk.org/index.php?topic=403378.0

Basically . the premine and free distribution to a specific population is what makes the "national coin".
What will make the peseta coin be used if the people don't have it?


How did Bitcoin spread? organically via its users. Spaincoin is just a “a classic pump-and-dump scam”

It is hard enough distributing the coins to people who have no idea about this and have to install a wallet, so imagine if you told them to start mining...

For such people, there are giveaways. "Airdrop" always results in a drastic devaluation of the currency, as we seen in the case of Auroracoin, Spaincoin, etc.. It is hard to imagine that a real business would take a currency with 50% pre-mine seriously. On the other hand, Pesatacoin has a high adoption rate (already accepted in over a dozen of stores), and developers are soon releasing PayPTC (https://vimeo.com/90411524) a payment system similar to BitPay that will enable fast and easy integration into brick and mortar stores.

Good for you buddy, best of luck with pesetacoin.