Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SCRYPT] KimDotCoin
by
sa_ddam213
on 05/09/2014, 03:29:06 UTC
wow some of u trying to revive this old beast ?
its been dead for awhile , i hope i can find my old wallet .dat for this ^^.

did a new dev take over ?
any future plans to move to pos or other algo's ?


I never went anywhere, have been actively developing stuff for DOT since day one.


There will NOT be any POS, if you want coin mine them or buy them, you don't get them for free

There will be NO algo change, I would rather have the stability of asics to secure the network, the GFX guys will just bail when the new fancy algo comes out.

Because DOT is going to be used as the primary coin for Cryptopia (similar to Crypsty points) we are after stability not pleasing the people that don't want to pay to mine them.

I understand this will upset the GFX miners that don't want to pay a thing to mine coins, but the coin being hard to mine (power consumption) is what makes coins valuable.
If a coin cost nothing to mine what makes it worth anything, its like mining Gold vs mining Dirt, Dirt's is easy to mine uses very little effort, but dirt is worth nothing, its kinda simple.
 

But I suggest you find that wallet, because they will be sought after if people want to upgrade accounts, add images to their actions etc. on Cryptopia


TripleHeXXX will happily buy all your coins if you find that wallet, we need as may as possible for launch.