Quote from: bdanyo on July 18, 2014, 02:13:46 AM

Quote from: Joesixpack9000 on July 18, 2014, 01:56:03 AM

Quote from: PndaSanta on July 18, 2014, 01:12:58 AM

Quote from: I_Collect_Geodes on July 18, 2014, 12:49:27 AM

This is the most legitimate sounding coin I've ever seen. Dogecoin doesn't seem this high quality. Will Pandacoin be bigger than Doge?

It'll be easy to make an informed judgement once we get to August the 30th.

If the set of developments are inline with the vision statement that the PND dev team has made, and on the right track to be one of the cryptos that have a real chance of making waves later, then yes.

Doge has the power of meme to reach towards those ages under 25, but would most likely be contained more as a gateway crypto before they move unto something more polished and refined later.

I really like the statements that the PND devs have made so far, as I heartily agree with the notion of how there is a real need to rethink the current approaches to dcentralized digital currencies so that your average peeps could get into crypto.

An excerpt from a Reddit AMA by an economist and expert on Digital Currencies - (http://www.reddit.com/r/IAmA/comments/2aurxb/i_am_an_economist_and_an_expert_on_video_game/)

EdwardCastronova 471 points 1 day ago
I would not invest in any coin at the moment. I don't like risky investments at all. All cryptocoins are risky at the moment and, from 60,000 feet, they do not show enough signs of better or worse right now. It's like social network software in 2005. Would you bet on MySpace, Friendster, or Orkutt? It turned out that Facebook was the winner.

So the million dollar question is - once we see what is released post August 30th, does PND have what it takes to be the Google or Facebook of the decentralized digital currency race to the top? We'll find out soon

Agree with most of what you've said, but regarding the quote from that economist using the social networking analogy, I'm only with you say, three quarters of the way there.

My personal opinion is that the space will not see the Google or Facebooks of digital currencies for many years to come.

Bitcoin has the advantage of being the first market mover, with the largest user base and infrastructure built around it. But it's a prototype and has multiple issues and problems, mainly that it's viewed and used more as a commodity like gold to hoard for its future value. Bitcoin would most likely end up being similar to Berkshire Hathaway Shares later, where you hold onto a bunch and pass it on to the next of kin.

With that pointed out, there is a need for a later generation of digital currency to fill the future void of acting as a currency, and not a form of commodity. And there should be a couple of viable options later competing for the top spots, fighting a fierce market share battle to be the dominant digital currency used globally. Until then, similar to how during the early social network website battles in the decade of 2000's, there should be a preference of their own digital country across different regions and cultures. It would be akin to how Myspace dominated the Western space for a while, but over in the East, there were websites such as Weibo that took a life of it's own over in China. Note that in this example, even with Facebook replacing Myspace, Weibo stood its ground and served a completely different market with a large enough population to sustain itself.

This is where Pandacoin PND has an incredible advantages and could prove to be the crucial factor that correlates with its success. Before the Googles or Facebooks of digital currencies arise, Pandacoin PND could very well be positioned as the cryptocurrency of choice over in China first and completely dominate the market there. There is a niche market that no other coins are being positioned for later. Most people lack the foresight to see this massive inherent advantage, and one that I hope that devs will take capitalize on.

We are well aware of this inherent advantage that you spoke of. The PND dev team shares a similar optic to you in regards to the Weibo vs Myspace/Facebook example that you had outlined.

But I would like to stress that we are not only aiming to be the decentralized digital currency of choice over in the East, but also globally and on the internet. So any future comparisons for PND such as "the Chinese Doge" would be unfair, as we will be developing PND to be much more than just that. If we do end up gaining traction over in the East, in particular China but see a lesser level of reception in other global markets? That's great news, but ultimately it would mean that we have still failed to see our COMPLETE vision come to life.

i say this from beginning - China ready for crypto!!! look @ fiatleak.com and see us eating all BCT!

it why I <3 PND!