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Showing 6 of 6 results by spacedv
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Board Altcoin Discussion
Re: Best Altcoin to invest in for 2016 and WHY
by
spacedv
on 28/10/2016, 07:05:46 UTC
WBB for a small amount of money. Risks are very high, but if this coin isn't a scam, it's comparable to ones with 10x higher market caps... (Current market cap is under $400k, and final market cap with all coins mined would be only $ half a million at current price, unless I'm mistaken.) Scam coins generally try to make people buy through heavy marketing and branding efforts, while here the current branding seems to have deliberately been made to not bring "serious money" into mind, and the marketing is non-existent. So if it is a scam, it's at least a very clever one. But if it's honestly and professionally developed, which I want to believe, then holy shit - $50 million market cap within a year should be realistic when you look at the crap that is currently valued at that range. That would be about 100X growth...

ETH - get it before the issues are fixed. Assuming it becomes more stable, it will eventually find its way onto the big Chinese exchanges. Upside potential could be as much as 5X from now till some time in 2017, while downside risk is relatively small.

Possibly SDC - the market cap is still fairly small. The privacy features might still be inferior to XMR (pretty fairly valued atm) and ZEC (way overvalued), but it doesn't need centralized 3rd parties to support some important use cases. Also it has PoS, which I believe will eventually make PoW obsolete.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZET] Zetacoin - SHA256 coin - Quick confirmations
by
spacedv
on 14/12/2013, 02:00:19 UTC
Can someone explain to me what makes Zetacoin so great?  There is no one in the IRC, no news, nothing except people hoping the coin rises?  

Anything I'm missing?  Is there a marketing team?  Is there a plan?  Any development in progress?

Kinda looks like a shitcoin with a cool name, but how is it planning to compete with Worldcoin/Peercoin etc?
No offense, but I think you're looking at it the wrong way. In my opinion, none of these coins are (or should be) products that need to be marketed heavily to people. At their core, they are open protocols, that can and will be picked up, used and developed further by organizations and individuals as long as they seem useful. I think a lot of people are not entirely convinced that bitcoin's limited supply of no more than 21 million is ideal. Thus they might find zet's solution of +1 million per year after 160 million interesting. Or I hope that's one of the main reasons it's gaining support, not just the name. If a coin is considered useful, it will have third party support. If not, no amount of marketing might not be enough, except for pump'n'dumps.

Now, peercoin has some great qualities as well, I believe, but why worldcoin? I think even bitcoin will have much faster confirmations later when the tech for that is ready, which will make worldcoin completely redundant. Zet still has that eternal inflation, which will not and should not ever be added to bitcoin. There is a scrypt coin that has eternal inflation too, Argentum. They made it 1.1% per year instead of a fixed amount. That's potentially a good solution too, and it's another coin I'm personally following.

EDIT: And of course the eternal inflation is good for rewarding hash rate too, a very important point.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZET] Zetacoin - SHA256 coin - Quick confirmations
by
spacedv
on 12/12/2013, 23:02:50 UTC
Just want to say I think zetacoin has a cool name and logo, and more importantly, I think the small, constant minimum inflation is a great feature to have in case bitcoin goes too wildly deflationary. (Not saying it will, but no one really knows yet.) The rate is so small anyway that its effect is going to be 99.9% psychological, making holding to infinity not seem like such a great strategy. Not saying that bitcoin will fail, but it's good to have coins with slightly different economic models as backups.
Disclaimer: I have been holding a bag of zeta for a while now.
Post
Topic
Board Altcoin Discussion
Re: Sexcoin Pro/Cons
by
spacedv
on 11/12/2013, 14:56:59 UTC
I think its name is its biggest enemy. While others say its an asset.

Agree.

Would you want your computer to have a wallet that is linked with porn?
Porn is everywhere, any adult didn't watch it? how much is sex industries, see Japanese AV profit per year.

Sex is legal. Not like Silkroad using BTC for illegal trading. So Sexcoin has much potential to be mainstream coin.

Silkroad was taken down. Besides, any similar sites are going to use whatever cryptocoin that seems to be the most stable and established, as long as it's anonymous enough (or can be used and exchanged to $ anonymoysly enough). Porn sites will do the same. Businesses don't want to be screwed by volatility.
Post
Topic
Board Altcoin Discussion
Re: Sexcoin Pro/Cons
by
spacedv
on 11/12/2013, 14:38:06 UTC
  • So, what makes sexcoin more anonymous than bitcoin? I'd say it's the other way around; bitcoin can be used for many kinds of things, while sexcoin labels you as someone who pays for adult entertainment or sex.
  • Having a separate coin for some market means that the coins will only circulate from exchange -> user -> service provider / vendor -> exchange, not from user to user or service provider / vendor to service provider / vendor, as bitcoins are ultimately meant to do. If, however, the coins circulate throughout the whole economy, then what was the point in having the sexcoins or gamecoins or whatever in the first place, and not just a generic currency-like coin?
  • The supply and demand and therefore the price is entirely dependent on supply and demand of non-free adult entertainment, prostitutes(?), toys etc. That means it will be hell of a lot more volatile than a general purpose coin is going to be, because the price of the latter is dependent on many, many more things that aren't exactly causally related to each other. If you don't understand why, think about investing. The first rule in investing is to diversify across many different types of assets and many different markets, to decrease the variance of your portfolio's worth. So, why does it make sense for anyone to accept sexcoin as payment rather than bitcoins?
Post
Topic
Board Beginners & Help
Re: New user
by
spacedv
on 06/12/2013, 14:30:11 UTC
Hi all, I'm new here too. Well, actually I have another account with just one post made in 2011, but I hate its username too much and decided to make a new one. I've been following bitcon since 2011, when the first bubble caught my attention. If you follow bitcoin related subs on Reddit, you may have seen some of my posts there (same username).