Where are XPM developers? What’s the next market promotion? Nothing.
Many of your recent posts target the lack of activity regarding XPM.
Why don’t you start doing something yourself, if this bothers you so much?
Hi Sabreiib & other Primecoin holders!
I think it is entirely possible that all of the existing Coin 2.0 projects will be going nowhere, because ‘Money’,‘Scarce item’,‘Gold 2.0’ could remain the only application of Cryptocurrency for many more years. Since many of the 2.0 coins (Ripple, Stellar, Bitshares, Ethereum) are in fact company-coins, where much of the supply is in the hands of the company/founders, they will then become worthless. Company-issued 1.0 scams like Paycoin, Leocoin and Neucoin will also get nowhere.
In that scenario, I think 1.0 Coins that have been fairly launched before the November 2013 price bubble will be regarded as the most authentic Cryptocoins. Market caps of old coins like Primecoin/Novacoin/Quarkcoin that will survive the next 3-5 years and haven’t been attacked could then be 10 times higher than they are now or more. I am holding on to my Novacoins and Hobonickels for that purpose. I do not have Primecoins, but I might buy/mine a bunch if price goes even lower.
Some investors will simply keep their 1.0 Coins and buy more, especially if newer generation coins won’t reach the masses. Think of it like collecting stamps and other things, which have a collector’s value when they are rare and old. The value won’t be in the $billions, but could be higher than it is now.
Now, what to do until then:
Make sure that Mining-FAQ/Mining-Guide on Website is always up-to-date. Better, upload a video-guide to Youtube on how to mine Primecoin. Write a book about Primecoin like Tyke is doing for Peercoin.
Check what Magicoin is doing, they have created a Miner-Setup which is creating the correct batch files for various Graphikcards and Pools automatically.
https://bitcointalk.org/index.php?topic=735170.0
https://bitcointalk.org/index.php?topic=735170.msg10712548#msg10712548
The more people mine Primecoins for fun and not for profit, the less will be sold on the exchanges, and the better the distribution. I don’t have any Primecoins myself, but I think about mining some primecoins for fun, now that I am able to mine a reasonable amount with my single Radeon R9 270x. I have mined about a dozen different coins (both CPU/GPU) over the last 15 months, and for some I had a hard time getting it to work. The more scattered Mining-info is over different Threads and Forums, the longer it takes for occasional miners like me to set it up. I only mine when my PC is running anyway to save some of the electricity costs.
[quote=“Ötzi, post:3, topic:3426”]Hi Sabreiib & other Primecoin holders!
I think it is entirely possible that all of the existing Coin 2.0 projects will be going nowhere, because ‘Money’,‘Scarce item’,‘Gold 2.0’ could remain the only application of Cryptocurrency for many more years. Since many of the 2.0 coins (Ripple, Stellar, Bitshares, Ethereum) are in fact company-coins, where much of the supply is in the hands of the company/founders, they will then become worthless. Company-issued 1.0 scams like Paycoin, Leocoin and Neucoin will also get nowhere.
In that scenario, I think 1.0 Coins that have been fairly launched before the November 2013 price bubble will be regarded as the most authentic Cryptocoins. Market caps of old coins like Primecoin/Novacoin/Quarkcoin that will survive the next 3-5 years and haven’t been attacked could then be 10 times higher than they are now or more. I am holding on to my Novacoins and Hobonickels for that purpose. I do not have Primecoins, but I might buy/mine a bunch if price goes even lower.
Some investors will simply keep their 1.0 Coins and buy more, especially if newer generation coins won’t reach the masses. Think of it like collecting stamps and other things, which have a collector’s value when they are rare and old. The value won’t be in the $billions, but could be higher than it is now.
Now, what to do until then:
Make sure that Mining-FAQ/Mining-Guide on Website is always up-to-date. Better, upload a video-guide to Youtube on how to mine Primecoin. Write a book about Primecoin like Tyke is doing for Peercoin.
Check what Magicoin is doing, they have created a Miner-Setup which is creating the correct batch files for various Graphikcards and Pools automatically.
https://bitcointalk.org/index.php?topic=735170.0
https://bitcointalk.org/index.php?topic=735170.msg10712548#msg10712548
The more people mine Primecoins for fun and not for profit, the less will be sold on the exchanges, and the better the distribution. I don’t have any Primecoins myself, but I think about mining some primecoins for fun, now that I am able to mine a reasonable amount with my single Radeon R9 270x. I have mined about a dozen different coins (both CPU/GPU) over the last 15 months, and for some I had a hard time getting it to work. The more scattered Mining-info is over different Threads and Forums, the longer it takes for occasional miners like me to set it up. I only mine when my PC is running anyway to save some of the electricity costs.[/quote]
Thanks for your comments Otzi!
The xpm wallet download times are much more than PPC, and xpm’s distribution is good with quite some hashrate. Any PoS coin without hashrate protection can be easily copied by xpm, it’s resource sharing especially among ppc/xpm/nubits. What if sunny king use nubit code to add a new stable currency unit into xpm while xpm plays “share” role?
Any improvement of cryptocurency tech can be investigeted and merge into primecoin as long as SK provides long time support for XPM. However, once xpm get popular/big innovation, other alt coins have difficulty to overtake hashrate at first.
For me, if xpm price rises, I can get some money to invest into xpm development.