Originally Posted by ivanlabrie Warning: Spoiler! (Click to show)
Originally Posted by Krusher33
Don't see it. i see that you download FAH and start folding. And then sign up at a pool to get paid.
And what's the point of mining via ASICs? May as well have them just mine the already existing coins and just pay the folders with that. I don't see why they gotta double the man power to make this work. Why can't they make it so that you fold while you mine?
Originally Posted by Krusher33
Yeah I'm one of the first 20 people to post in their original ANN I believe. I was skeptic then, and I'm still skeptical now.
No I don't think they're getting financial incentives from a 3rd party for the folding efforts. Personally I feel like they're just taking advantage of F@H to generate the hype. They're just going to sell their coins and the bigger the hype, the more BTC's they'll get from it.
I feel like they're just learning from the experience of Primecoin. It was so hyped up that it slowly fell unlike the other coins that falls in value quickly when created. But in the end all they did was make a mine-able coin and not go anywhere with it. They didn't go mainstream with it or anything. It's just mine and dump, mine and dump.
I feel like that's all curecoin is going to be. Just like all these other coins out there. They're not going do anything with it except just be listed on an exchange for selling. People are going to buy it and fold for it just for the hype of it. But what can they do but sell it? Nothing. It's just another coin that the creators created so that they can make money off the hype for a longer period of time than just creating yet another animal or joke coin that everyone else is doing.
Nobody is making new coins so that it becomes an actual currency. They're just all making coins to get some easy BTC's.
What's the problem with having a lot of coins for different purposes?Warning: Spoiler! (Click to show)
It's a way to generate money to pay the folders with, that's it...and it's a proof of concept as well.
Coin can be forked, and new features implemented to the original code if need be, what's important is Stanford's support, and the dev team, which is really capable.
Primecoin generates a few different prime number chains, that's it...Can't compare that to generating an incentive for people to fold!!!
Come on, Curecoin is the number 1 team in the world right now, and it took 3 days since launch. Give credit where credit is due
They're not for different purposes though are they? They're all for 1 purpose: exchange for BTC. They all have their different themes but for a single purpose. And those that promised to have other purposes, don't follow through.
I am glad that this is generating an interest towards folding. I bet most of which are people leaving other folding teams to join this one though but that besides the point. What I fear, is that people are just going to fold, get paid and dump... fold, get paid and dump. The value of the coin is only going to drop to the point where people will just stop and move onto a different coin, just like with all the other coins.
But if they make the coins usable other than dumping at an exchange, then great. But I'm not getting my hopes up anymore because no one ever follow through that.