Post
Topic
Board Altcoin Discussion
Re: Best Alt coin to invest in 2014
by
Kergekoin
on 25/05/2014, 11:35:54 UTC
The biggest issue in Cryptocurrency today is anonymity.

The only real anonymous technology is cryptonote.

Monero is the best of all cryptonote coins.

For this reason, Monero is the most important altcoin you should invest.

Experts agree with that.

https://bitcointalk.org/index.php?topic=400235.msg6915300#msg6915300
(please don't pollute rpietila's thread, don't post anything)

I read and disagreed with the analysis for the following reasons:

1. Darkcoin instant mining is NOT true. Darkcoin value at formation was close to zero. ANYONE could have bought available supply in the early days. The fact that the devs bought and held attests to their foresight and self belief.  But, I don't think they hold anywhere near 2 Million coins.  I know one Chinese miner who has 300k darks though.

2. Monero is not tested technology. I just don't know anything about it and it hasn't been around long enough.  However, if darkcoin works, why should I bother with untested tech?

3. Darkcoin is based on the bitcoin protocol, which is tested.  It is not perfect but it is definitely good enough.  

4. Darkcoin is undervalued compared to litecoin, which offers no privacy.

5. If monero tech is any good, why shouldn't I buy bytecoin, upon which it is based?

These are my objections.  Please debunk and question them.

Few comments regarding DRK.
Anyone who truly believes that what happened with Darkcoin launch was a "mistake" or "accident" deserves the award for being naive.
It was well planned and executed by developer, who now probably has complete control over this coin.

But just maybe - Its not too bad that dev controls the coin? Lets suppose that he will just gradually sell hes stake and will be a multimillionaire soon. Perhaps he desires even higher price and only sells when he needs some money. Price rise will give him more motivation to work hard and perhaps even take on Litecoin market cap some day.
Lets just hope that he doesnt get bored or stuck in hes development which results with massive dump and clear death for the coin.
Do hope so.