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RE: Question: Anyone know about other Social Media Cryptocurrency? Thoughts?

in #steem7 years ago

Hi Ayisha,

ReddCoin is an interesting concept targeting the multi billion dollar platform that is Social Media. That said, several issues have pushed my interest and faith away from ReddCoin.

First off, ReddCoin project is developed and maintained by a handful of devs which volunteer their time. As of this moment, there are no full time paid employees working on the project.

This causes the project to advance extremely slowly or grind to a complete halt. Take a look at their GitHub page.

Overall activity - https://github.com/reddcoin-project/reddcoin/graphs/contributors

As you can see the project receive little to no maintenance or update giving the impression that this project is dead - or dying. Although GitHub activity doesn't mean that the devs are not working on the project there is no way for us to validate if any work is currently being done.

Additionally, multiple issues have been left unanswered for several months. Not pushing updates to github due to using another service, either internal or external is possible. However, not addressing urgent tickets from their community isn't excusable.

GitHub issues - https://github.com/reddcoin-project/reddcoin/issues

Please keep in mind that this is my point of view and I highly encourage you or anyone interested to do their own research and form their own opinions.

I believe that any coin capable of developing an innovative system that could live in symbiosis with social media and overcome the titanic task of wide user adoption would be a great investment and platform. That said, I do not believe that ReddCoin will be that platform due to these issues and others issues with would requires a full post to cover.

Hope this gives you a better understanding of the issues that ReddCoin faces and will push you to do your own research on the coin!

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Thank you so much for this thorough answer! Truly appreciate your time and effort.

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