The Curious Rise of the Cryptocurrency Netcoin
A dozen websites could be devoted to the proliferation of alternative cryptocoins and still many would never get any coverage at all. Typically, a coin must do something extraordinary to be considered worthy of press coverage. Media outlets worry about the probability of a coin being a "pump and dump scheme" whose only purpose is to enrich its creators before leaving everyone else holding a lot of junk currency. There are several metrics that can be used to determine whether a coin is legitimate or not, such as regularity of software updates, amount of "premined" coins, and history of the....
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While Netcoin is a quiet altcoin, many things have been developing in the background. With the release of PIR and OWI, not only did it receive a lot of attention from traders, but its market price grew dramatically, showing an increasing demand for Netcoin. I talked to Bryan (SnappySnap), the Director of Team Management regarding Netcoin and its decision to add POS. What is the main goal of Netcoin? That’s an interesting question, particularly since people often associate “Netcoin” and other altcurrencies within this medium that people think will replace or work in tandem with fiat....
Bittrex, a notable Bitcoin exchange, removed 36 crypto-currencies from its listings on February 15th. Stating that they have been “flagged and warned on these wallets for at least 30 days,” Bittrex will no longer allow users to withdraw any of these coins if they were left in accounts. Given that most of the coins being delisted on the exchange had broken blockchains, refunds would be impossible. While many of the coins being delisted brought little to no innovation to the table, AnonCoin and Netcoin both had functioning blockchains, some form of innovation, and an active community and....
Bittrex sent out an announcement to its users that it will be removing three dozen coins from its platform on Sunday the 15th of February. Pointing to the fact that they have "flagged and warned on these wallets for at least 30 days," Bittrex will make no exceptions for funds remaining at time of execution. Infanticide Against Netcoin. While no reasoning is provided, for some of the coins all-out abandonment may be the case, with the "broken blockchains" being cited as a reason refunds will be unavailable anyway you slice it. Fair enough, on those coins. But two of the coins that made it....
Domain purchases under AnonymousSpeech around similar timelines revealed the creation of Netcoin.org on Aug. 17, 2008 — just a day prior to the creation of Bitcoin.org. Coming up with a good name is often one of the most challenging decisions one needs to make when launching a new service or business. Historical data of domain name purchases suggest that Satoshi Nakamoto, the creator of Bitcoin (BTC), had an alternate naming option in mind that did not make it to the whitepaper.Bitcoin.org, the website domain linked to the original Bitcoin, was created on Aug. 18, 2008, under....
Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development. A Curious Race to Convert Crypto to Fiat Has Accompanied Bitcoin’s Latest Drive Higher Sharing exclusive data with Bitcoin.com, Simplex cofounder and chief analytics officer Netanel Kabala says: While the international press coverage of Bitcoin’s rally has caused a swathe of new users to....