Quote from: sharkbyte093 on May 10, 2013, 09:46:22 PM

Quote from: TheSwede75 on May 10, 2013, 09:32:33 PM

Mincoins and Solidcoin. Ha ha, yeah the market for trading those coins is HUGE Roll Eyes

Mincoin is a scam and solidcoin is a dead currency... damn when can I start trading?

Yea, SolidCoins are kinda meh.

I can see your concerns with MinCoin. A large portion were mined in the first 3 days, I think it's around 10%. But doesn't Satoshi Nakamoto hold around 10% of all bitcoins in circulation?

Quote

Although Bitcoin users are anonymous in the sense that they arent identified by name, their activity is logged in a universal register of Bitcoin activity known as the blockchain. By analyzing public blockchain data, Bitcoin blogger Sergio Demian Lerner discovered someone who has been mining bitcoinsrunning the software that introduces new bitcoins into the systemsince block 1.

In other words, this early miner was involved in creating the very first bitcoins.

While it cant be proven conclusively that the miner is Nakamoto, Lerner is convinced by the consistent mining patterns, which have stayed the same since Bitcoins first block.

And besides, he adds, this entity is the only entity that has shown complete trust in Bitcoin, since it hasnt [spent] any coins.

http://www.dailydot.com/business/satoshi-nakamoto-bitcoin-fortune-100-million/

Yet, Bitcoins are seen as legitimate. Isn't that a little bit of a double standard?

MinCoin is actually relatively innovative. It has scrypt for its algorithm, very fast transaction times, low market cap. I'm not trying to push it, just saying it doesn't really look like a 'scamcoin.' SolidCoin is kinda whatever, but I don't think you should lump it in with MinCoin.

Bitcoin was the first of its kind, and was an entirely new concept, you can't really fault someone for that.

Mincoin on the other hand, was a very carefully orchestrated launch, I guarantee you the exchange was in the works the same time the coin was, and 8 hours to mine all the bonus blocks meant that 9.36% of all the coins that will ever exist were mined by whoever caught onto it in the first 8 hours, and obviously people with low latency (such as the first node on the network) have a huge advantage in early mining of new coins.

Thracky

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