Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Acoin - SHA-256 - New Currency with Random Rewards and Quick Blocktimes
by
Elite2TheMax
on 03/11/2014, 13:32:14 UTC
Get a cup of coffee as this post is quite long and I think meaningful to all involved.

This post is going to be long and insightful and I would like any one who is mining or investing in this coin or looking into buying Acoin to read this and give their ideas, thoughts or suggestions. I will be making a long series of statements as I am a top 3 investor in this coin and I have been mining it for just over a month and continue to do so as I believe that the coin will go places in time, or by the ideas and suggestions that are considered and implemented.

So what we know is that Acoin has been around for two months. It is listed on cryptsys and was a few days ago de-listed from bittrex (good riddance). So we have a good trading platform for buyers and sellers. The coin had a fair launch with no pre mine and is going to be a rare currency as up to 1.6 Mil coins is very little. Dark for example is 22 Million, just to put it in perspective.

Now the value of the coin is very low, but the dev hopes to achieve "gold grade crypto". He cannot do this alone, and the support comes from the miners, investors and the community of the crypto world. I like the concepts of Acoin, and I love the supper fast block times and random rewards.

The recent development with Acoin is now the Acoin Village online shop. Now I have paid for the miner, and it has been mining away for two days now. So good so far, but now I got an email from the store that I must put in an offer to continue mining as it is just for people to get the basic idea of the online store. You cannot offer something and put up a price and then say, oh no the price is just too low, put in an offer. You need to put in a disclaimer for this otherwise you are going to annoy people with the store and they will not use it. I keep my calm and it does not bother me as I have a powerful miner.

Moving on, the Acoin store is a gimmick at best. Ask yourself, what do people want from crypto? It is not services and products. It is BTC and Dollars at the end of the day. We want to see the coin do well and trading at much higher than current prices. As I have said before, I will continue to mine and support the coin.

Community, do give your feedback as that is what drives the coin forward. Possible changes that may need to be looked at for this coin is also important. Many coins have been changed via the use of a hard fork and have been done so successfully. The one thing that I would like to see change with Acoin is to implement POS. The value of the coin is already so low, so those who have spend much time mining will be able to get rewarded from their effort. As we know, BTC prices are a joke, and since Gox fell, crypto has never been the same. Then their is the dilemma of what happened to coinex and crypto rush, so on and so forth. Crypto has been through a lot of turmoil this year, definitely more this year than all the years combined since its inception. Some people have even had to unplug their miners due to no profit being made.

In closing, we must as a community with he help of the dev look at what changes can be brought about to really push this coin into the mainstream. POS is a great way to bring new investment into the coin and to make it grow. TEK is the best example of this. You do not want to turn this coin into a dump coin to invest into anther coin scenario.

These are my thoughts and suggestions, provide your feedback and lets move it forward. Even polls can be started so see what the community would like to see from the coin. This is all for now, lets see how it goes.