Category: Launches

Launches 2014-02-24

I did not get much information about RubyCoin. The website is pretty empty, although nicely designed.

BlackCoin looks relatively solid. It is mined out after 7 days and proof of stake afterwards. If you have some scrypt mining power, you could get some. However, I see no innovation, so only hold them short-term. Basically a mine-and-dump scheme.

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Launches 2014-02-21

The coin is a joke. The error code 502 “Bad Gateway” is an error you sometimes observe when opening a website. It means some component within the server broke. I wonder if they will actually release a coin or just let the website return a 502 error. ūüėČ

Dance with the Devil: Pandacoin

I nearly missed the launch of Pandacoin today. It definitely serves as an interesting first coin review in this blog.

Technically, it looks solid. It uses the usual gravity well and adaptive-n scrypt (like Vertcoin), which promises to prohibit ASIC mining. Halvening happens roughly every 4 years, which is a leisurely pace. This puts it well above most other launches.

There is a 3% premine, but premining is not evil or scammy in itself. It gives financial power to the developers. They can use it for good or evil.

The really interesting fact is the person behind Pandacoin: Wolong. An infamous character.

“Wolong” is the handle of someone who claimed to be an experienced hedge-fund manager from Singapore with sizeable Dogecoin holdings, some his own and some belonging to unspecified clients. — Daily Dot

Wolong is someone with a really large bag of money, a “whale”. He claims¬†to be¬†responsible for Dogecoins rise from 26 up to 280 Satoshi. He is very honest in a brutal and amoral way. He obviously driven by greed and seems to have serious skills.

The agenda and innovative spin of Pandacoin is this promise of Wolong:

This is why I am going to premine Pandacoin to gain a certain percentage of the share, enabling me personally to prevent early pumps given my knowledge of the market.

A 3% premine in addition to a big bag of Bitcoins is certainly way to build huge buy and sell walls on exchanges to provide stability. On the other hand, Wolongs ultimate goal is profit for himself and his investors. He is not driven by altruism, but by honest greed. He has no compassion for other traders.

Looks like the devil offers some coin. Do you think you can outsmart him?

Launches 2014-02-12

  1. DrizzyCoin (1:00 GMT)
  2. SnapCoin (19:00 GMT)
  3. AntiKeiserCoin (0:59 GMT)

Like Coinye, another joke coin hijacking the name of a rapper. Ignore. Likewise AntiKeiserCoin. SnapCoin does look interesting.

By the way, dear readers (yes, both of you!): This is a slow news day, so let’s sit down and talk a little. Do you like ¬†to know about all launches I can find or should I ignore the scam and joke coins completely?

Launches 2014-02-11

  1. Spoderman Coin 19:00GMT
  2. Lemoncoin Coin 14:00 EST
  3. Riecoin 20:00 UTC

Spoderman is a joke.

Riecoin claims innovation: Similar to Primecoin it has a proof-of-work algorithm which computes scientifically useful things. Find details of the algorithm on the website.

Lemoncoin does not look very special, but they reacted quickly to my advice to use Kimotos Gravity Well. Extra karma for the developers. ūüôā