Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
rpietila
on 03/08/2014, 18:53:25 UTC
How about a 10-line summary on why cryptonite is good and why I should buy it?

CHALLANGE EXCEPTED!

1) Hero Member BitFreak is project lead and provides active support in [ANN] thread
2) well planned R&D plus month-long testnet phases ensured fairly smooth launch
3) 100% open source available since testnet began
4) 0% premine

5) builds on proven standard BTC client with technology suggested by BTC core devs (gmaxwell)
6) mini-blockchain radically improves BTC scalability (Holy Grail of pruning)
7) mini-blockchain minimizes full node footprint to point of being able to run on smartphones (with more entropy/security than PoS or SPV)
Cool innovative proof-of-work seems GPU and ASIC resistant
9) sane emission rate strikes excellent balance between rewarding/incentivizing early adopters and encouraging widespread distribution
10) reviewed positively by cypto-guru AnonyMint and immediately trading on bter (thanks to thorough testnet phase)

- How many devs? Who?
- When launched?
- How exactly is emission schedule?
- What algo?
- Quotes from AnonyMint posts? Smiley