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RE: SkyCoin - An Ongoing Coin Distribution Event And The Rise Of The Arms
The mining process is important and often ignored when comparing attributes between different coins, but this article ignored the rest of the attributes, like is skycoin inflationary? What is its privacy policy? Speed, cost and security of transactions, etc.
These are the attributes that I couldn't get my head around, by reading their page. It's a bit obscure.
This is a hint for the founders not being honest.
Now I bet it is an inflationary coin with a higher inflation rate than Monero and Ripple.
Just because it was not explicitly stated.
My advise is to stay out of it.
just dig deeper into the skycoin blog, they have superior tech to any existing coin today, it's like whole different league: the cost of transactions is zero, the tx speed is few seconds, which is visa/othercrypto-killer and , same with security as it uses consensus algorithm that detects malicious node behaviour. and im agree, skycoin site sucks, its hard to find info there but the team is working on the new site anyway
The cost of transactions is never zero, it is just being financed by other costs, such as the cost of inflation.