Post
Topic
Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
tempestb
on 04/08/2014, 13:50:29 UTC
is this coin really worth investing? need your inputs...

thanks...

The coin has a very strong developer behind it who appears to be committed to it, at least so far in the technology sense.  It's complete, it works, and he's open to any good ideas to improve it.  He is, however, often pretty busy and has not laid out a real roadmap as to what he's going to work on to help improve the coin's adoption by consumers.  (Which is key to making it profitable.  Otherwise, nobody is going to use it.)

On the other hand, as a coin, there is nothing about Hirocoin that makes it special or better than the other coins that are out there.  There is no reason for anyone to use this coin, currently.

At best, it'll be flat with maybe some minor take-up due to the reward limit in effect.  However, there is little investor interest because it doesn't distinguish itself.

If you look at a similar coin, such as Noble, you'll see a much higher degree of interest and heavy programming investment by its developers.  Hiro Coin isn't anywhere near that level of effort, so it is very stagnant.

That said, Hiro can't do it all himself.  You need to have outside players building tools and adopting the coin to make it more worthwhile.

Realistically though, that will not happen until this coin is designed to distinguish itself from all the other coins that are out there.  Right now, it's just a Me-To coin.   It works, it has a developer, but improvements and new software?  That all seems a long ways off...

It's cheap though.  I'd buy a couple million coins and sit on them.  There is always the possibility that Hiro invests real time into this coin and develops new features that cause it to stand out.  Then you could have a Darkcoin style situation where it just shoots up quickly in value.  Though Hiro has said he's not interested in making the coin anonymous himself.  So that's not likely to be the course the coin is charted towards.  Just as well, there are too many anonymous coins right now.  It would do little to distinguish it.