Quote from: coins_and_coins on August 06, 2014, 11:04:59 PM

I spoke with somebody at Anthem Vault and got some info. He wasn't a dev, just a spokesperson I think. I was told they've had articles in 13 different languages written about INNcoin, people calling up asking how they can sell their Bitcoin for a gold-backed cryptocurrency, etc, and that the response has been great. He went on to say that this coin is more of a promotional coin, like others suggested, and that they will eventually release a new coin that is backed by much, much more gold, and their goal is to eventually have ATMs around the world where you can convert your coins to...(not sure). They are working on setting up their own pool for this coin, but it won't be ready for a few weeks or so. They think there is a giant mining rig using an estimated $7k of electricity per day, mining 21% of all INNcoin at this time... but they will only support their wallet and pool... and this is why they haven't released the github. They said the ledger has already been released.

http://4thjulycoin.com/

Does that mean we should wait for the new coin backed by large amounts of Gold, or is there a chance that this coin can gain value exponentially greater than the gold backing it?

Mate - there is a pool and noone is hiding it : inn.hash.sx . It is our teams pool we made ourselves , and we bring it to the community a week or more ago.......!
It is not "giant one" - current pool speed is 290 mh/s @ 7.44 difficulty - it is nothing for a X11 algo. Everyone is welcome to mine on it - there is not even a fee Wink