Nutcoin is an ambitious Cryptocurrency to say the least. They call themselves “the fast version of Bitcoin”, and that raises the bar to a whole new level of expectation. Question is : does it have a sustainable future?
From what we gather, Nutcoin is faster than Bitcoin. Okay, great, because nearly every coin is faster than Bitcoin, but we’ll let that one pass, as it’s a statement to get some attention drawn to your coin.
One thing that could be up for debate is whether or not it’s a good idea to offer, and I quote : “massive supply for everyone” Some people’s eyes are already glazing over reading this, but scarcity is not always a good way to go, so it could work.
Nutcoin also is , and once again I quote : ” a simple stabilization mechanism to limit speculation effects.” If that is indeed true, the massive supply isn’t a bad thing at all. and they make a good point about this as well, because :
“Scarcity would result in the restricted exclusion of the good only to those who can afford it. If the scarce resource happens to be grain, for example, individuals will not be able to attain their basic needs. “
“This is what is happening with Bitcoin. The experience told us that the value of a currency is defined by its popularity, by the faith, trust, and by what you can buy with the money to eat and to survive. It is not about its scarcity. 90% of the world population will not be able to get 1 BTC, so Bitcoin will never change the world.“
I think most of us can agree that, although we like Bitcoin a lot, it is not the answer to all of our problems and issues. One of Bitcoin’s predecessors will be the ultimate way of paying both online and retail, and maybe that predecessor will be Nutcoin…