http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

" For those of us keeping track, Blackcoin was launched Februrary 24th at 6:00 (no indication is given what time zone this is) 21). Block 4100 commenced on February 27th at 6:15. In 3 days…Blackcoin produced some 40 million coins (or 50 million). Now they rest at around 75 million coins and only PoS occurs from here.

This is photographic evidence that supports our brief searching of the blackcoin blockchain. The majority of the first 10000 blocks were PoW, and since they were all producing 1,000 BC, the bulk of the coins were made within one week. Anyone should be highly skeptical of the start of this coin. Who would think that the creator of this coin is thinking about enriching your pockets and not theirs?"

66% of blackcoins created in 3 days to a select group of scammers. Blackcoin is an instant-mined scam that got pumped up high, and original group of scammers that got hold of the 66% of blackcoins already left the coin laughing to the bank already, leaving bagholders left to defend the fort.

Your move now blackcoin shill.

Ah...good response. Keep at it PND devs

The community is behind you guys all the way. From reading up on recent post and responses, most of the Pandas here are starting to get your vision and understand the current problems that is preventing average Joe's and Larry's from getting involved with the exciting world of cryptos!

Imagine you spend a day conducting a survey towards the average Joe's and Larry's out there, and asking them to name all the decentralized digital currencies that they know of. How many of them would you think could name more than just Bitcoin and/or perhaps Dogecoin? Most would react to the question with "decentralized-wha?".

The market segment that I've highlighted in my above example would have no clue about any of the 1000's of cryptos, or any of the 'cool features' that they will have no idea or will care about how it works. They will either know nothing about cryptos, or have only heard of Bitcoin or Dogecoin.

We should focus on getting a solid foundation and setting up Pandacoin so that it's easily accessible and understood for those that barely know about cryptos. Once the foundation is set up, then devs can concentrate on adding the bells and whistles that the average folks actually care about.

"World’s first decentralized digital currency that will focus all future developments and marketing efforts, that is specifically designed for mainstream mass usage and adoption globally." <<<< I like, and am now wondering why the heck are no other alt coins doing this?

Official response from the dev team regarding these screenshots -
https://bitcointalk.org/index.php?topic=568529.msg8397546#msg8397546

So imagine you spend a day conducting a survey towards the average Joe's and Larry's out there, and asking them to name all the decentralized digital currencies that they know of. How many of them would you think could name more than just Bitcoin and/or perhaps Dogecoin? Most would react to the question with "decentralized-wha?".

The market segment that I've highlighted in my above example would have no clue about any of the 1000's of clone coins. As bdanyo stated, PND is aimed at appealing to those that are outside of early crypto adopters like yourself, myself and the typical crowd that frequents this forum.

Nice, what are they saying in general? Here's hoping for PND to get on some Chinese exchanges (but not BTER after their NXT fiasco) so they don't have to use english based exchanges.

Wow. Just wow PND devs. GG well played. Expectations exceeded from what I've been anticipating on how I had thought how the PND devs would be taking PND forward and reach out to the general populace.

I now understand why Devs had kept their tips so damn tight for so long, as surprisingly enough, NO OTHER DEV COINS had taken this "easy to use, simple to understand" approach for their coins. Every other team is so focused on rather uninspiring so called "innovative" technological advancements (which btw, the general populace will not even care about), when they all should be concentrating on designing their coin so that it is mainstream friendly.

Easy to use + easy to obtain + easy to understand = global mass appeal. This is the right formula and direction which ALL coins should be focusing on. My concern with these leaked screenshot is that other teams will try to copy PND a bit earlier now and play catch up. There is bound to be a whole heap of "Oh crap why didn't we think of that, it's so obvious" moment for so many other alt coin dev teams. It appears devs focused on getting the foundations right first, before building an awesome church of Pandas with the right features on top of it after!

Assuming the screenshots are real, then the PND community is getting a strong makeover for PND which we can finally show our friends and family so they can understand what the magic internet money business is all about. The familiar banking GUI for PandaBank, the easy to mine and buy developments and Crypto Crash Course will make cryptocurrencies in general THAT much more accessible for the general populace, all in one place.

Not to mention that the community and PND devs will no longer become reliant heavily on spreading the PND gospel to peeps already involved in crypto, which has became nothing but a cesspool of speculators, traders and scammers, with market caps being shared and spread out so damn thin within the same bunch of early adopters as more and more shitcoins are created daily.

This Panda is happy and can't wait to check everything out first hand. GG well played.

Wow. Just wow PND devs. GG well played. Expectations exceeded from what I've been anticipating on how I had thought how the PND devs would be taking PND forward and reach out to the general populace.

I now understand why Devs had kept their tips so damn tight for so long, as surprisingly enough, NO OTHER DEV COINS had taken this "easy to use, simple to understand" approach for their coins. Every other team is so focused on rather uninspiring so called "innovative" technological advancements (which btw, the general populace will not even care about), when they all should be concentrating on designing their coin so that it is mainstream friendly.

Easy to use + easy to obtain + easy to understand = global mass appeal. This is the right formula and direction which ALL coins should be focusing on. My concern with these leaked screenshot is that other teams will try to copy PND a bit earlier now and play catch up. There is bound to be a whole heap of "Oh crap why didn't we think of that, it's so obvious" moment for so many other alt coin dev teams. It appears devs focused on getting the foundations right first, before building an awesome church of Pandas with the right features on top of it after!

Assuming the screenshots are real, then the community is getting a strong makeover for PNDwhich we can finally show our friends and family so they can understand what the magic internet money business is all about. The familiar banking GUI for PandaBank, the easy to mine and buy developments and Crypto Crash Course will make cryptocurrencies in general THAT much more accessible for the general populace, all in one place.

Not to mention that the community and devs will no longer become reliant heavily on spreading the PND gospel to peeps already involved in crypto, which has became nothing but a cesspool of speculators, traders and scammers, with market caps being shared and spread out so damn thin within the same bunch of early adopters as more and more shitcoins are created daily.

This Panda is happy and can't wait to check everything out first hand. GG well played.

Semantics. Apple succeeded with the message of 'Simplicity' with their entry to the smart phone world so that your grandmothers and kids in kindergarden can use their iphones and ipads.

Pretty sure the devs just meant it in the way they are packaging PND so it is mainstream friendly, and not necessarily mean "featureless". "There is a need to rethink the current approach to the design and marketing of digital currencies in order to achieve a global mass appeal." This statement from their official announcement is something that I'm sure that anyone tried spreading the crypto gospel around to their friends and family will understand. Crypto at its current state only appeals those that are tech inclined.

We definitely need simplicity if crypto is to go mainstream. The real question is, what is the PND dev team's take on this? Will PND be the one that the mainstream can easily get into? I for one, am waiting patiently for 14 more days to see the results and their take of their design and marketing of digital currencies.

http://www.theguardian.com/money/2012/jun/15/secret-apple-success-simplicity

I'm personally am waiting for our Chinese Overlords to embrace PND, and have PND get banned by the Chinese government, elevating it instantly to bitcoin status. There's no other altcoin currently that has the potential in China like PND has right now.

Exposure will be global and and like they say, all publicity is good publicity.

Just find it weird, that no altcoins but bitcoin have fully functioning iOS wallets that communicates directly with the blockchain.

All I've seen are read-only wallets, and the web/centralized versions.

What's going on here?

This. Anonymity is not going to be a killer feature that will wow the average folks and get them into digital currencies. Design the user experience for the average commoner, and Pandacoin should be a hit.

Not to mention governments most likely won't take anonymity too kindly, as it could be used to launder money and for tax evasion purposes. I don't see what the hype is all about. Darkcoin being marketed as the darknet coin? Yeah that's fair. But ain't we aiming to bring awareness and involve to those that typically don't care and just want something that is easy to get into and just works?

Devs should not forget about China! Untapped potential there.

What do YOU want to see being developed using the Pandacoin PND Community Chest funds?

The Pandacoin PND dev team wanted to gather feedback from our awesome community on concepts and ideas for development utilizing the Community Chest as we are in the process of updating our bounty project list in preparation for the August 30th big date!

We will not address or include bounty development ideas that are not aligned with our team's vision, or proposed developments (from the old bounty list, or outside of that bounty list) that have already been developed, or is already listed as a development that will be taken care of internally by our team in the future.

So let us know how you would like to see the funds gathered from this generous community to be used. Together as a community, we can discuss and access the viability of these ideas and we (dev team) will see if we can make it happen!

[/quote]

Ohhh cool. Not sure if you guys have taken care of the android/ios wallets, but they could be great additions to our ecosystem. Not the web wallets that some coins that are coming out with, but fully functioning ones.

Another one would be CSS customization of our subreddit.

That's all I can think of for now, will come back with more ideas when I think of them. but i like how we can have a say and propose ideas now I guess we can do quite a bit with 150m PNDs (assuming donations keep coming) if prices go higher later.

I got 3 of my friends interested in Pandacoin, and told them that it should be a safe bet buying a bunch now since there should be a rush to get Pandacoin as we get closer to August 30th and after that date when we get to see what the devs have installed for us

30 DAYS LEFT!!!! Please PND dev team, give me a version of crypto that even my parents can understand and get into!

I honestly feel that any alt coin that could simplify crypto and lower all the barriers of entry to the so called "scary and complicated world of magic internet money", would become one of the top contenders of this space.

Could Pandacoin PND prevail in an area where every crypto (including BTC) has failed so far? *fingers crossed*

Holy smokes the community chest now has 137 million PNDs?! It doubled overnight. WOW.

Own up, who was the one with the heart that occupies more than 50% of their body weight?

When you think about it, $8 billion marketcap is peanuts compared to even smaller country currency market caps. And 4 times that value is not that much bigger, with many countries and even individuals with more than $32 billion total. As you said, it's not anytime soon. Any digital currency, whether it is Bitcoin, Litecoin, Dogecoin or Pandacoin is endorsed by the average user will achieve much bigger market caps than say what bitcoin's size is currently at.

What PndaSanta said is right, 32 million users is peanuts in the grand scheme of things for the coin that average folks will use. Just a matter of when, and which coin.

Nooo I miss out on all the fun by not b eing on irc

Agree with most of what you've said, but regarding the quote from that economist using the social networking analogy, I'm only with you say, three quarters of the way there.

My personal opinion is that the space will not see the Google or Facebooks of digital currencies for many years to come.

Bitcoin has the advantage of being the first market mover, with the largest user base and infrastructure built around it. But it's a prototype and has multiple issues and problems, mainly that it's viewed and used more as a commodity like gold to hoard for its future value. Bitcoin would most likely end up being similar to Berkshire Hathaway Shares later, where you hold onto a bunch and pass it on to the next of kin.

With that pointed out, there is a need for a later generation of digital currency to fill the future void of acting as a currency, and not a form of commodity. And there should be a couple of viable options later competing for the top spots, fighting a fierce market share battle to be the dominant digital currency used globally. Until then, similar to how during the early social network website battles in the decade of 2000's, there should be a preference of their own digital currencies across different regions and cultures. It would be akin to how Myspace dominated the Western space for a while, but over in the East, there were websites such as Weibo that took a life of it's own over in China. Note that in this example, even with Facebook replacing Myspace, Weibo stood its ground and served a completely different market with a large enough population to sustain itself.

This is where Pandacoin PND has an incredible advantages and could prove to be the crucial factor that correlates with its success. Before the Googles or Facebooks of digital currencies arise, Pandacoin PND could very well be positioned as the cryptocurrency of choice over in China first and completely dominate the market there. There is a niche market that no other coins are being positioned for later. Most people lack the foresight to see this massive inherent advantage, and one that I hope that devs will take capitalize on.

I'm a bit new to mining myself. What's more profitable atm? X11 or Scrypt mining on our multipool? I'm looking to buy several usb gridseed miners to get started

Nice Ozzke! Is there a way that we can get a bitcointalk tipbot happening? Let's make it rain here too!!