I will develop a brand new altcoin X11/X13 + PoS for as low as 0.3 BTC
Dev envy?
Dedicated FUDster ALERT for the weak handsThis guy,
Revelation, has been criticizing Viacoin since day one (July 19). The very first day the coin was listed on Bittrex.
https://bitcointalk.org/index.php?topic=699278.msg7921287#msg7921287Now, he continues to spread FUD until today. Be aware of his posts.
So what is so special about this coin that it gets a nice high volume pump? IPO, PoW... not that interesting.
ELI5?

Good dev, good idea, good vision, good marketing, good launch, good communication, good delivery of goals, good supportive community, good possibilities, good future.
Good dev - how do you know this? For now we just have a clone of bitcoin with some sloppy copy-pasting. Example:
https://github.com/viacoin/viacoin/search?q=bitcoin&ref=cmdformGood idea, vision - maybe, but isn't this someone's else idea and even dev admitted that?
Good marketing - hell yeah, selling all premined coins in the IPO is good marketing
Good launch - 3 days of 0 reward mining...hm, is this really good?
Good communication - self-moderated thread
...... and so on
The biggest worry for me is that the dev has no incentives to do anything as he has already cached out. Why would he, even if he can, further develop this coin? He has no vested interest.
As some of you know, ViaCoin is supposed to be new alt star by supposedly building applications on top of counterparty protocol.
Let's see what they have done so far:
Their wallet update that includes a week of work is this:
https://github.com/viacoin/viacoin/commit/8a0ea92e7ce48c38d0e4f20b6c882ad93f98335bMere 5 lines of code added, 3 deleted, no real changes, only 1 number is changing. It is not even clear why is this "update" necessary. Probably, just to keep the hype. When I wrote about this in the ViaCoin thread my post was deleted within 30 min. I don't like the fact that I have to start a new topic, but the dev leaves no choice.
I will keep track of this shitty coin development and will keep updating this thread regarding their "amazing" work done. Btw, if some of you forgot ViaCoin dev collected 600BTC in his IPO.