Quote from: a29654 on June 04, 2017, 03:58:13 AM

Quote from: JapieAmerika on June 03, 2017, 07:48:46 PM

I had some INSN, and I must say they have a good community going. But I do think they are dependent on other groups for their development (http://cryptocoderz.com/, CryptoCoders). CryptoCoders are involved in other coins as well, http://cryptocoderz.com/#portfolio, and I think this slows down development. It was one of my first coins that I bought, I bought the old INSANE coin and later did the swap on Novaexchange. I was a fresh newbie and bought on a high (6425) and then I was kind of locked in. The community are very amped on their coin, and they have a lot of plans, but I do not think it has much intrinsic value, for example 20 confirmations are required to transfer coins, which takes a few hours. This kind of removes the idea of being a viable currency for commerce as it is way too slow, but the community believes this improves security.

I cannot say what the future will hold and I wish them all the best, but I think they are missing some direction and in the mean time the coin is losing value while other coins are rising. For this reason I sold all my coins.

I suggest you do more research on the coin. If anything one of it's important aspects is the speed in which it confirms and is ready to be used by the receiver

I'm only talking about my own experience, and this was not very favourable towards speed of transfer.

JapieAmerika

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