Do you know about Vote Coin? — Steemit

Easy to Mine Cryptocurrency Series – volume 2 : vote Coin

This little know easy to mine cryptocurrency is new and offers a great oppertunity for mining with little rival from larger mining pools. It is besides a utility based mint, which will grow heavily from token net effects. If you are not companion with the concept of token networks, it is basically a new way to monetize a servicing or intersection through cryptocurrency.

As we discuss this coin, think of it like a technical school startup which makes a vote software. It does not make money selling this software through license or making you directly pay. alternatively, the clientele exemplar is designed make money as the
software gains users and is utilized by those users. This is a very important distinction to understand for anyone involved in cryptocurrency. The token network model is capable of emergence beyond that of a traditional technical school start up because there is an exponentially larger commercialize when utilizing a keepsake net for not fiscal utility. Everyone raw to cryptocurrency will group all coins within a single group, merely grouping them as privacy coins, or coins vs. tokens, etc. even most of those who have been involved in cryptocurrency investment and mining have this minute position.

To keep it simple for now lets break all cryptocurrencies into two classes.

  1. A financial cryptocurrency would be something like Bitcoin, Litecoin,
    Ripple, Omise GO, Bitcoin Private, ZCash, Monero, etc. From now on we
    will call these non utility cryptocurrencies.

  2. Cryptocurrencies which are utility based do not have the sole pupose of
    disintermediating banks and financial institutions. Instead they are
    more like a tech startup which is solving a problem. Instead of making
    money by charging for using their product or selling your data, they
    make money by growing the token network on which their software lives.
    One of the key foundational concepts for these cryptocurrencies is that
    they must align all involved within the token network in a fair way or
    it will stop growing.

    What is this cryptocurrency called?

    VOTE COIN (VOT)



Vote Coin was created by a developer named,

Here is a quick overview of the coin, followed by a more in depth
analysis.

Ticker Symbol: VOT
VOT Total Supply: 220 Million
Circulating supply: 16,474,625
Block Reward: 125 VOT
Block Size: 2 MB
Block Time: 2.5 minutes
Proof Type: Proof of Work
Hashing algo: Equihash (ASIC Resistant to date)

Price as of March 8th, 2018 (Coinmarket Cap):
BTC: 0.00000122 (122 Satoshi’s)
USD: $0.011994

SEE LINKS AT END

Vote Coin
Mining Oppertunity

network Hashrate : 216.57 KSol/s
Difficulty : 64.04K

The network hashrate took a small dip recently from the value of the
coin itself dropping with the rest of the market. Additionally, when
Bitcoin Private went live it seems some hashing power was moved over
there also. To put into perspective how little competition there is on
this network look at it this way. BitcoinZ (BTCZ) currently has a 11
Msol network hashrate, is roughly 15,000+ GTX 1080 TI’s mining on the
network.. While 200 Ksols is roughly 300 GTX 1080 Ti’s mining on the
network. For those of you unfamiliar with BTCZ, it is also a fairly new
coin.
 Keep in mind the focus of this series of posts is low
difficulty coins which have chance for an explosive increase in value.
Unlike most miners the goal of the coins covered in this series is to
hold the coin long term (HODL) and sell it for a lot more money. Many
miners, esspecially the big farms, will mine coins based on their
current value and sell them immediately. If your a smaller operation or
just getting into cryptocurrency mining, then it will be impossible for
you to ever really make a profit in the long run like this. When you
are mining with the intent of immediately selling then the network
hashrate is not important to you. This is because it doesn’t matter if
you have more compeition because when there is more competition it
means the coin is worth more so you make the same amount of money
regardless.

For example:

If you are able to mine 10 coins per day of an imaginary cryptocurrency
and it is worth $1 per coin. You are making $10 per day.

After a few months the price of the coin increases to $10 per coin. Now
many other people start mining the coin because it makes them immediate
profit buy selling what is mined right away. Because of the increased
mining competition you are now only mining 1 coin per day, because
theres 10 times as many people mining it now compared to before.

Are you making less money per day now? No, you still make $10 per day,
because the coin is worth more. The difference is that you have mined
only 1 coin now.

You do not want to look at the current price of the coin, but the
competition on the network currently and the future potential for the
coin. We are looking for coins that may increase 10 times to 100 times
in the long run if they take off  and are normally newer
coins. This also allows you to spread your risk by being able to mine
many coins and have a decent amount of each one you mined. The beauty
of this is that you only need one of these coins to take off to have
incredible profits.

The current oppertunity with Vote Coin is a rare one. Since it is new
it is not really listed in many places and as a result you don’t find
it in places like

What do I need to mine Vote Coin?

Not much!

Even a weak GPU like a GT 210 will be able to mine this coin, CPU’s
will also be able to mine this coin.
Vote Coin was created by a developer named, Tomas Matejicek, from the Czech Republic. He has a drawn-out history as a developer and most importantly is not hiding as an anonymous developer. It is based off of the ZCash, but like most ZCash clones there is no founders reinforce, no decelerate originate time period, and multi platform wallet support. Its determination in a conviction is to act as a decentralized anonymous platform for elections and voting purposes.Some example consumption cases would be public polls, surveys and crowd fund campaigns and create their work more elastic and well trackable.Here is a quick overview of the coin, followed by a more in depth analysis.Ticker symbol : VOTVOT Total Supply : 220 MillionCirculating provision : 16,474,625Block Reward : 125 VOTBlock Size : 2 MBBlock Time : 2.5 minutesProof type : proof of WorkHashing algo : Equihash ( ASIC Resistant to date ) Price as of March 8th, 2018 ( Coinmarket Cap ) : BTC : 0.00000122 ( 122 Satoshi ‘s ) USD : $ 0.011994The network hashrate took a little drop recently from the respect of the coin itself dropping with the rest of the commercialize. additionally, when Bitcoin Private went live it seems some hashing might was moved over there besides. To put into perspective how little contest there is on this network count at it this way. BitcoinZ ( BTCZ ) presently has a 11 Msol network hashrate, is approximately 15,000+ GTX 1080 TI ’ mho mine on the network.. While 200 Ksols is roughly 300 GTX 1080 Ti ’ second mining on the net. For those of you unfamiliar with BTCZ, it is besides a fairly new coin.Keep in mind the focus of this series of posts is gloomy trouble coins which have opportunity for an explosive increase in value. Unlike most miners the finish of the coins covered in this series is to hold the mint long term ( HODL ) and sell it for a batch more money. many miners, esspecially the big farms, will mine coins based on their current value and sell them immediately. If your a smaller operation or just getting into cryptocurrency mining, then it will be impossible for you to ever actually make a profit in the long run like this. When you are mining with the intent of immediately selling then the network hashrate is not crucial to you. This is because it does n’t matter if you have more compeition because when there is more competition it means the coin is worth more so you make the same sum of money regardless.For exercise : If you are able to mine 10 coins per day of an fanciful cryptocurrency and it is deserving $ 1 per coin. You are making $ 10 per day.After a few months the monetary value of the mint increases to $ 10 per coin. now many early people start mining the coin because it makes them immediate profit bribe selling what is mined right field away. Because of the increased mine competition you are now merely mining 1 mint per day, because theres 10 times as many people mining it now compared to before.Are you making less money per day now ? No, you still make $ 10 per day, because the coin is worth more. The difference is that you have mined only 1 mint now.You do not want to look at the current price of the coin, but the competition on the network presently and the future potential for the mint. We are looking for coins that may increase 10 times to 100 times in the retentive run if they take off and are normally newer coins. This besides allows you to spread your hazard by being able to mine many coins and have a properly sum of each one you mined. The beauty of this is that you alone need one of these coins to take off to have incredible profits.The current oppertunity with Vote Coin is a rare matchless. Since it is newfangled it is not truly listed in many places and as a consequence you do n’t find it in places like hypertext transfer protocol : //whattomine.com. Within 6 months it will likely have a much higher network hashrate exchangeable to where BitcoinZ is. For those of you familiar with BTCZ, this would be like having mined it when it was 5 to 10 satoshis.Not much ! even a weak GPU like a GT 210 will be able to mine this mint, CPU ‘s will besides be able to mine this coin .

If you were mining
with the goal of selling immediately, then it would probably be
unprofitable after electricity for a cheap card like a Ge Force 210 or
a CPU (processor). Since the plan is to hold the coin hoping for a 10x
or 100x increase this is not a problem. For those of you tight on money
you can do this and if one of the coins you mines increases in value a
lot you will be able to sell half of what was mined or all of it and
then invest in something like GTX 1070’s or GTX 1080 Ti’s.

The only thing to keep in mind is that mining does make your computer
run hotter and the increased work it is doing 24/7 can decrease its
life span. It is impossible to know exactly how it is decreased
compared to not mining. For example you could have cards which have
died after 1-2 years and other cards which have been running for 3+
years mining non stop.

I do not recommend trying to mine Vote Coin solo, instead create your
own wallet, then join a mining pool, which will make your mining
rewards more consistent. Everything I mine is done through mining
pools. It doesn’t matter for the most part which pool you use, the only
one which I don’t really like is Supernova. Also if there are only 3-5
other people mining on a pool I would avoid it also. Look for a pool
with 10 to 100 people mining Vote Coin.

There is no instructions on how to mine Votecoin within this post
itself. I would suggest looking it up yourself and trying it, that is
the best way to learn. If many of you are having problems, then make a
post. If there are a lot of you having problems I will make a dTube
video or a separate post with instructions.

NOTE: Mining causes additional heat to be generated by your computer.
If your computer is dusty it will be even worse. Make sure that you
keep it clean and also not backed up against a wall. One tip I can give
you is keeping it near a ventilation intake in your home. This is free
airflow to dissapate the heat. All of my rigs are open frames, but I do
have a few older ones which are still in cases. If you have problems
with overheating you may need to remove the side panel for the heat to
be able to escape.

Vote Coin Outlook

What kind of returns could you hope for mining Vote Coin if
it really takes off?

(Based on some things I will explain in more detail below)

 This would give it a market cap of roughly $220 Million,
which is similar to other cryptocurrencies like ReddCoin, Factom,
MonaCoin, etc. This is in the next 6 to 18 months.

A highly speculative upper limit is around $10 per coin. That would
give it a market cap of roughly $2.2 Billion which would be something
like TRON, if the cryptocurrency is adopted heavily, then this is not
unrealistic. While it is possible for it to be worth more than $10
there is no point in speculating beyond that number.

GTX 1070 example
If it were to hit $1, then you would increase roughly 9 times from its
present value. To put that in perspective if you have a single GTX 1070
running around 450 sol/s, you will mine roughly 100 coins per day or
roughly 3,000 coins per month. At the $1 target you would have been
making $100/day from that GTX 1070. A GTX 1070 even during the current
shortage will cost you around $600 or maybe $700.

If it were to hit $1, then you would be mining roughly 2 to 3 coins per
day. Which would end up being around $2 to $3 per day. While this
doesn’t seem like much, I can certainly tell you that trying to mine
Ethereum or Bitcoin would be virtually useless. You would be looking at
a profit of pennies if they increased drastically.

Weak GPU example ( HD
6670)
The ranges for lower end GPU’s can vary based on if you got a good GPU
or not. Identical cards from the same manufacturer can often have
different mining rates. Your looking at between 20 sols and 80 sols,
which is roughly 10 to 20 coins per day. If it were to hit $1 then that
is not bad at all.

For those of you using CPU’s and weak GPU’s I would suggest investing
in low end GPU’s like GTX 750 Ti or a GTX 1050. You can sometimes pick
these up for as little as $20 to $40 online. They will be much more
efficient than your processor or weak GPU. I would not go as far as
saying it is not worth mining for you, but your not going to make as
much. Also, you should look for other oppertunities to mine other
cryptocurreicies like

Vote Coin Team

I am not going to go into all the things you can find through the links
at the end of this post. Instead I will offer my insight into how to
analyze the information that is there. While the developer is known and
verifiablly a developer there is not a large team behind this project.
That does not mean it has no hope, but the project will need to be
monitored closely as it is at a greater risk of failure. What I really
like about the team is that they are focused on developing. They are
not instantly responding on every social platform when someone has a
problem or question, they are not hyping the coin everywhere, and they
are not aggressively trying to get it listed on as many exchanges as
possible. This means that this coin will likely stay out of the general
cryptocurrency communities radar until they have a more polished
functional product. This is one thing which I value a lot because they
are doing what is important for long term success and not just pumping
up the price of the coin in the short term.

You will see angry people who think that a developer’s main job is to
reply on Bitcointalk (ANN), and they will then start posting FUD when
they are not hand held or feel like the developer doesn’t feel the need
to immediately respond to them. News to those of you out there who
behave like little children and do this sort of thing. While the
business and marketing aspect is important to success down the road,
what is important and urgent right now is that the developer is
developing the product. What is important is that they are constantly
and quickly iterating their product. This is what the team has done a
fantastic job doing so far. Many people are used to stupid scam coins
which really do nothing new other than have a new name and have a sole
purpose of pumping up the price to dump it, then move onto doing the
same thing by creating another coin. Don’t get me wrong as the team is
certainly more than competent socially and doing some nice things to
keep the community engaged, but they have their priorities straight.
What I care about is what I see happening on GitHub, that is all that
matters right now.

One very impressive thing to note is the fact that the team is already
preparing for the release of “Sapling”, which I will cover in a
separate post. It is basically a massive update for all ZCash based
coins and not many of the other of the ZCash based coins with more
resources have gotten to this yet. See

Vote Coin Market Size

Some of my previous posts have gone over problems of using traditional
methods such as the idea of market caps when looking at cryptocurrency.
This is even more true when you are dealing with a cryptocurrency which
has deeper utility behind it. The logic is something along these lines:

Assume Vote Coin’s software was the same as a Silicon Valley startup.

The only difference between the two is the business structure, namely
how the users are monetized. The Silicon Valley startup can either
charge money for their software or offer it free and sell the users
data. The limiting factor here will become the value of the users data
removes many people around the world from being profitable users. For
example a guy from the Phillapines who makes $2/day does not have much
value to an advertiser who will buy the data and market products which
are well beyond this persons reach.

Vote Coin is designed as a token network, which makes money by
increasing the value of the cryptocurrency. All the users, investors,
developers have a vested interest equally in seeing the project
succeed. In the Silicon Valley start up this would not be the case. As
the investors and the company itself would reap most of the reward from
the network’s growth.

An example would be something like Facebook. Think about who profits
when more people use the network? Do you remember the days when
Facebook wasn’t spammed with advertising? Do you remember when Facebook
didn’t have commercials? Those are all things that will occur when all
parties within a network are not aligned.

For a token based network that is well planned out and maintained there
will not be problems like this. As a result that person from the
Phillapines now has some value because his spending 1 penny on voting
for something increases the value of the network, where for a company
like Facebook he will not be as important. This means that
cryptocurrencies which offer a utility have the oppertunity to actually
add money that did not exist before to the market they are in. This is
why current estimates of certain industries market caps will not be
capable of understanding the future potential.

To put it simply every single person on the planet has a potential use
for a product like this. It is not limited like certain niche
cryptocurrencies out there. While my above projections are not based on
an explosive global adoption of Vote Coin, you can only imagine what
the price could be if that happened.

What does Vote Coin do?

To put it simply we can really divide the use of Vote Coin into two
groups:

1) Government voting or corporate voting (More formal types of voting)
2) Online polls and voting (More informal, like the typical polls on
blogs or websites)

Vote Coin states they are looking to basically do both of these things.
My interest in Vote Coin is heavily based on their ability to push this
out to the regular user in the immediate future. From a practical stand
point I think that going straight after more formal methods of voting
like governments will only slow their long term growth. Even with a lot
of financial resources it would be a handicap to tailor Vote Coin to a
governments needs.What could see this coin sky rocket is if they are
able to connect to websites for polling/voting, API’s and plugins can
make the entry point for web developers very low.  If this can
be easily used by the masses, then it can be really big. A key focus
for them will need to be in making the adoption of the product so
simple that anyone can do it. Something as simple as installing a new
extension or plugin for example.

The power to hit just your every day simple polls could see this coin
sky rocket. So far the updates and release notes are indicating that
they are going to hit the general market first. They have incorporated
some nice features recently such as the power for the person who is
creating the poll to make it anonymous or public. Another area which is
fascinating to me is research into how voting or polling on a token
network differs from just simply having software involved. There are
many design concepts which are possible with token networks which are
not possible for us today. I will not go into that stuff within this
post, but it would be along the lines of being able to offer a dApp
platform that allows for tokens to live on top of the Vote Coin
technology where other proving algo’s could be used like Proof of Brain
or Proof of Stake Velocity to create voting set ups where the voters
interaction with the network itself could be manipulated. For example
it could be designed to incentize members of a Home Owners Association
(HOA) to vote on things. People in a subdivision could be issued tokens
that earn more coins by participating in the decision making for the
community, and those who do not vote and help will have to pay higher
dues if they end up wanting to vote. The HOA example is also an example
of a situation a more immediate possible user as it provides
transparency to the community when it comes to important votes like how
the community funds will be spent.

On a side note, if you
think about the new possibilities we have with token networks, what
would the people who design these be called? They would not need to be
highly technical as they are more like an artchitect or engineer
dealing with very high level design concepts. It may be one of the most
sought after skills when utility based cryptocurrencies become more
understood by the general public. This is probably 5 years away, but it
will be one of the most important skills to possess similar to being
able to code for an actuary so they can manipulate the data they are
working with. Currently, there is little emphasis being put on this
part of the cryptocurrency development cycle.

Voting manipulation is a global problem from government elections to
online polls. The problem is in my opinion even bigger online as the
use of bots is rampant.  It also allows for validation of poll
and voting results. An example would be if someone made a poll, then
paid a person with a network of bots to manipulate the results, there
is also a problem. How is this different with a token network? For one
thing having the power to issue tokens on top of the Vote Coin platform
could be an interesting solution. For example if you were a blogger and
the polls on your blog were limited to only users who actively comment
on your posts, then a token could be issued to your audience based on
predetermined level of interaction or tips from the author. Note, there
is nothing from the Vote Coin team about anything like this so another
example of what is possible is security through financial
disincentives. This simply means that people would not want to
manipulate the system because it would cost money. While this is not
perfect because someone with a lot of money would be able to manipulate
polls. If your dealing with your standard unimportant web poll it would
be a deterent as most those people would not want to waste money on a
poll no one cares about.

In the short term the Vote Coin team’s vision is certainly solving a
big problem that makes almost anyone a potential user. The long term
outlook with more complex offering could see this project explode if
they are really innovative.

Political Climate

Due to the political and social climate surrounding voter fraud and
manipulation this area will see massive growth in the near future. This
is just a conicidence, but the team has a limited window where the this
is fresh in the public’s minds. Even if their solution doesn’t do
anything to fix government voter fraud the power to connect with the
general public about the potential for their product could be huge. I
am assuming that when the US election cycle comes around that it will
again be aggressively used by one of the candidates or Trump. On the
whole the amount of dissent from populations of authoritarian
goverments is on the rise globally. The nature of the problem they are
dealing with has the potential to personally touch a very broad array
of people.

Votecoin Potential

While my view of this coin is altered because I hold many Vote Coin’s
myself, I do truely belive that this is a hidden gem with more
potential that many other projects out there. How much potential? Well
compared to things like TRON, I would invest my money in Vote Coin all
day compared to a project which is great in theory, but that is all
they have so far. An ERC20 token with no working product or their own
detailed plans is a much more speculative investment than something
like Vote Coin.

What needs to be monitored is adoption of this coin and competitors.
The biggest threat a project like Vote Coin faces is a situation where
they prove the product has this enormous untapped market potential and
a big fish comes in and does the same thing. If that were to happen
Vote Coin will have to scale quickly to maintain its market share and
reach a critical mass where they are unstoppable. One key area that
will be vital about 18 months from now will be the team and communities
ability to forge strategic relationships with other projects that will
utilize Vote Coin. For example something as simple as having the BTCZ
community votes utilize Vote Coin would be something small, attainable,
but show large scale adoption is possible. On top of that as
cryptocurrencies mature they may come with a standard toolbox. For
example most coins have a messenger built into them from the start.
There is a risk for Vote Coin if cryptocurrencies start using internal
voting mechanisms for improvement protocol votes for example. The only
way to really solidify their position will to be bring more complex
things to the table.

Vote Coin is a high risk coin and everyone should invest in it
understanding that. What I do belive is that it is in my top 3 high
risk cryptocurrencies out there. While I belive it has rare oppertunity
for massive returns, there is still a long road a head for the team to
go down. If you choose to invest do it wisely. Check out my ZCL post
for ideas on how to invest in high risk coins:

VOTE COIN LINKS

Disclosure: I have
investments in Vote Coin and this post is not meant to act as
investment advice.

Don’t forget to follow

If you were mining with the finish of selling immediately, then it would probably be unprofitable after electricity for a cheap poster like a Ge Force 210 or a CPU ( processor ). Since the plan is to hold the coin hoping for a 10x or 100x increase this is not a problem. For those of you tight on money you can do this and if one of the coins you mines increases in value a distribute you will be able to sell half of what was mined or all of it and then invest in something like GTX 1070 ‘s or GTX 1080 Ti’s.The only matter to keep in mind is that mine does make your calculator run hot and the increased influence it is doing 24/7 can decrease its life span. It is impossible to know precisely how it is decreased compared to not mining. For exercise you could have cards which have died after 1-2 years and early cards which have been running for 3+ years mining not stop.I do not recommend trying to mine Vote Coin solo, rather create your own wallet, then join a mine pool, which will make your mining rewards more consistent. Everything I mine is done through mine pools. It does n’t matter for the most partially which pool you use, the merely one which I do n’t very like is Supernova. besides if there are lone 3-5 other people mining on a pool I would avoid it besides. Look for a pool with 10 to 100 people mining Vote Coin.There is no instructions on how to mine Votecoin within this post itself. I would suggest looking it up yourself and trying it, that is the best way to learn. If many of you are having problems, then make a post. If there are a set of you having problems I will make a dTube video or a separate post with instructions.NOTE : mining causes extra inflame to be generated by your calculator. If your calculator is cold it will be tied worse. Make sure that you keep it clean and besides not backed up against a wall. One tip I can give you is keeping it near a ventilation consumption in your home. This is free airflow to dissapate the heat. All of my rigs are outdoors frames, but I do have a few older ones which are still in cases. If you have problems with overheating you may need to remove the side panel for the heat to be able to escape. ( Based on some things I will explain in more detail below ) This would give it a marketplace cap of roughly $ 220 Million, which is like to other cryptocurrencies like ReddCoin, Factom, MonaCoin, etc. This is in the following 6 to 18 months.A highly inquisitive amphetamine limit is around $ 10 per coin. That would give it a market cap of roughly $ 2.2 Billion which would be something like TRON, if the cryptocurrency is adopted heavily, then this is not unrealistic. While it is possible for it to be worth more than $ 10 there is no compass point in speculating beyond that number.GTX 1070 exampleIf it were to hit $ 1, then you would increase approximately 9 times from its present prize. To put that in perspective if you have a one GTX 1070 running around 450 sol/s, you will mine roughly 100 coins per sidereal day or roughly 3,000 coins per month. At the $ 1 target you would have been making $ 100/day from that GTX 1070. A GTX 1070 even during the stream dearth will cost you around $ 600 or possibly $ 700.If it were to hit $ 1, then you would be mining roughly 2 to 3 coins per day. Which would end up being around $ 2 to $ 3 per day. While this does n’t seem like much, I can surely tell you that trying to mine Ethereum or Bitcoin would be virtually useless. You would be looking at a profit of pennies if they increased drastically.Weak GPU exercise ( HD 6670 ) The ranges for lower end GPU ‘s can vary based on if you got a good GPU or not. identical cards from the same manufacturer can frequently have different mining rates. Your looking at between 20 sols and 80 sols, which is approximately 10 to 20 coins per day. If it were to hit $ 1 then that is not bad at all.For those of you using CPU ‘s and weak GPU ‘s I would suggest investing in low end GPU ‘s like GTX 750 Ti or a GTX 1050. You can sometimes pick these up for vitamin a little as $ 20 to $ 40 on-line. They will be much more efficient than your central processing unit or weak GPU. I would not go angstrom far as saying it is not worth mining for you, but your not going to make adenine much. besides, you should look for other oppertunities to mine other cryptocurreicies like Electroneum through your cell phone and gain by getting your friends and kin do the like thing. While it may not be called mine when you post and curate on Steemit, you can think of it like you are mining. Look for other similar oppertunities where you do n’t have to invest money or have higher electricity bills by running mining software. A person who has no money to invest can still become rich by getting in early on the many oppertunities that cryptocurrency offers. Do n’t put all of your apples in one basket and think that by simply signing up for Electrneum you will be rich. Go receive 20 other things where you can earn crypto without spending money. You just need a single one to take off to make a distribute of money.I am not going to go into all the things you can find through the links at the end of this post. rather I will offer my insight into how to analyze the information that is there. While the developer is known and verifiablly a developer there is not a big team behind this project. That does not mean it has no hope, but the project will need to be monitored closely as it is at a greater risk of failure. What I in truth like about the team is that they are focused on developing. They are not immediately responding on every social platform when person has a problem or question, they are not hyping the coin everywhere, and they are not aggressively trying to get it listed on as many exchanges as possible. This means that this mint will likely stay out of the general cryptocurrency communities radar until they have a more polish functional merchandise. This is one thing which I respect a lot because they are doing what is crucial for long condition achiever and not barely pumping up the monetary value of the coin in the short-circuit term.You will see angry people who think that a developer ‘s main job is to reply on Bitcointalk ( ANN ), and they will then start posting FUD when they are not handwriting held or feel like the developer does n’t feel the want to immediately respond to them. news to those of you out there who behave like short children and do this screen of matter. While the business and marketing view is important to success down the road, what is important and pressing right nowadays is that the developer is developing the product. What is important is that they are constantly and quickly iterating their product. This is what the team has done a fantastic speculate doing then far. many people are used to stupid scam coins which actually do nothing new early than have a newfangled name and have a sole purpose of pumping up the price to dump it, then move onto doing the same matter by creating another coin. Do n’t get me ill-timed as the team is surely more than competent socially and doing some nice things to keep the community engaged, but they have their priorities straight. What I care about is what I see happening on GitHub, that is all that matters right now.One very impressive thing to note is the fact that the team is already preparing for the passing of “ Sapling ”, which I will cover in a classify mail. It is basically a massive update for all ZCash based coins and not many of the other of the ZCash based coins with more resources have gotten to this so far. See hypertext transfer protocol : //github.com/zcash/zcash/blob/master/doc/release-notes/release-notes-1.0.15.md for more information. This means that they have gone through everything for the “ Overwinter ” update which was lone recently announced and planned for it. Prop ‘s to the Vote Coin team.Some of my previous posts have gone over problems of using traditional methods such as the idea of market caps when looking at cryptocurrency. This is even more true when you are dealing with a cryptocurrency which has deeper utility behind it. The logic is something along these lines : Assume Vote Coin ‘s software was the lapp as a Silicon Valley startup.The lone difference between the two is the business social organization, namely how the users are monetized. The Silicon Valley inauguration can either charge money for their software or offer it free and sell the users data. The modification factor here will become the value of the users data removes many people around the populace from being profitable users. For case a guy from the Phillapines who makes $ 2/day does not have much value to an advertiser who will buy the data and grocery store products which are well beyond this persons reach.Vote Coin is designed as a token network, which makes money by increasing the value of the cryptocurrency. All the users, investors, developers have a vested interest equally in seeing the visualize succeed. In the Silicon Valley start up this would not be the case. As the investors and the company itself would reap most of the advantage from the network ‘s growth.An exercise would be something like Facebook. Think about who profits when more people use the network ? Do you remember the days when Facebook was n’t spammed with advertise ? Do you remember when Facebook did n’t have commercials ? Those are all things that will occur when all parties within a network are not aligned.For a nominal based network that is well planned out and maintained there will not be problems like this. As a result that person from the Phillapines now has some value because his spend 1 penny on voting for something increases the value of the network, where for a company like Facebook he will not be as crucial. This means that cryptocurrencies which offer a utility program have the oppertunity to actually add money that did not exist before to the marketplace they are in. This is why stream estimates of certain industries commercialize caps will not be capable of understanding the future potential.To put it merely every single person on the satellite has a potential use for a product like this. It is not limited like certain niche cryptocurrencies out there. While my above projections are not based on an explosive ball-shaped borrowing of Vote Coin, you can only imagine what the price could be if that happened.To put it merely we can very divide the consumption of Vote Coin into two groups:1 ) Government voting or bodied vote ( More formal types of vote ) 2 ) Online polls and vote ( More informal, like the typical polls on blogs or websites ) Vote Coin states they are looking to basically do both of these things. My sake in Vote Coin is heavily based on their ability to push this out to the regular exploiter in the immediate future. From a practical stand point I think that going directly after more courtly methods of voting like governments will only slow their long terminus growth. tied with a set of fiscal resources it would be a disability to tailor Vote Coin to a governments needs.What could see this coin sky rocket is if they are able to connect to websites for polling/voting, API ’ second and plugins can make the entry charge for web developers very low. If this can be easily used by the masses, then it can be truly big. A winder focus for them will need to be in making the adoption of the product sol elementary that anyone can do it. Something vitamin a childlike as installing a newly reference or plugin for example.The power to hit just your every day simple polls could see this mint sky rocket. so army for the liberation of rwanda the updates and let go of notes are indicating that they are going to hit the cosmopolitan market first base. They have incorporated some nice features recently such as the power for the person who is creating the poll to make it anonymous or populace. Another area which is fascinating to me is inquiry into how vote or poll on a keepsake network differs from equitable just having software involved. There are many blueprint concepts which are possible with nominal networks which are not potential for us today. I will not go into that farce within this post, but it would be along the lines of being able to offer a dApp platform that allows for tokens to live on circus tent of the Vote Coin engineering where early proving algo ‘s could be used like Proof of Brain or Proof of Stake Velocity to create vote set ups where the voters interaction with the network itself could be manipulated. For exercise it could be designed to incentize members of a Home Owners Association ( HOA ) to vote on things. People in a section could be issued tokens that earn more coins by participating in the decision make for the community, and those who do not vote and help will have to pay higher dues if they end up wanting to vote. The HOA exemplar is besides an exercise of a situation a more immediate potential user as it provides foil to the community when it comes to significant votes like how the residential district funds will be spent.On a side note, if you think about the raw possibilities we have with keepsake networks, what would the people who design these be called ? They would not need to be highly technical as they are more like an artchitect or engineer dealing with very senior high school level design concepts. It may be one of the most search after skills when utility based cryptocurrencies become more understand by the general public. This is probably 5 years aside, but it will be one of the most important skills to possess similar to being able to code for an statistician so they can manipulate the data they are working with. presently, there is little vehemence being put on this part of the cryptocurrency development cycle.Voting manipulation is a ball-shaped trouble from government elections to online polls. The problem is in my impression flush bigger on-line as the use of bots is rampant. It besides allows for establishment of poll and vote results. An exercise would be if person made a poll, then paid a person with a network of bots to manipulate the results, there is besides a problem. How is this different with a token network ? For one thing having the might to issue tokens on top of the Vote Coin platform could be an matter to solution. For example if you were a blogger and the polls on your blog were limited to merely users who actively comment on your posts, then a token could be issued to your audience based on preset level of interaction or tips from the author. note, there is nothing from the Vote Coin team about anything like this sol another example of what is possible is security system through fiscal disincentives. This just means that people would not want to manipulate the system because it would cost money. While this is not perfect because person with a batch of money would be able to manipulate polls. If your dealing with your standard insignificant web poll it would be a deterent as most those people would not want to waste money on a poll no one cares about.In the shortstop condition the Vote Coin team ‘s sight is surely solving a big problem that makes about anyone a potential drug user. The farseeing condition mentality with more complex offer could see this project explode if they are very innovative.Due to the political and sociable climate surrounding voter fraud and manipulation this area will see massive emergence in the cheeseparing future. This is precisely a conicidence, but the team has a limited window where the this is fresh in the public ‘s minds. flush if their solution does n’t do anything to fix politics voter fraud the exponent to connect with the general public about the electric potential for their product could be huge. I am assuming that when the US election cycle comes around that it will again be aggressively used by one of the candidates or Trump. On the wholly the total of dissent from populations of authoritarian goverments is on the originate globally. The nature of the problem they are dealing with has the potential to personally touch a very wide array of people.While my scene of this coin is altered because I hold many Vote Coin ‘s myself, I do truely belive that this is a hide muffin with more likely that many other projects out there. How much electric potential ? well compared to things like TRON, I would invest my money in Vote Coin all day compared to a project which is big in theory, but that is all they have so far. An ERC20 nominal with no working intersection or their own detail plans is a much more inquisitive investment than something like Vote Coin.What needs to be monitored is adoption of this coin and competitors. The biggest menace a project like Vote Coin faces is a situation where they prove the intersection has this enormous untapped market potential and a adult pisces comes in and does the like thing. If that were to happen Vote Coin will have to scale quickly to maintain its commercialize share and reach a critical multitude where they are unstoppable. One key area that will be critical about 18 months from now will be the team and communities ability to forge strategic relationships with early projects that will utilize Vote Coin. For case something arsenic simple as having the BTCZ community votes utilize Vote Coin would be something modest, attainable, but show large scale adoption is possible. On clear of that as cryptocurrencies mature they may come with a standard toolbox. For exercise most coins have a messenger built into them from the start. There is a risk for Vote Coin if cryptocurrencies start using inner vote mechanisms for improvement protocol votes for exemplar. The merely way to very solidify their situation will to be bring more building complex things to the table.Vote Coin is a high risk coin and everyone should invest in it understanding that. What I do belive is that it is in my top 3 senior high school risk cryptocurrencies out there. While I belive it has rare oppertunity for massive returns, there is even a long road a head for the team to go down. If you choose to invest do it wisely. Check out my ZCL post for ideas on how to invest in high risk coins : hypertext transfer protocol : //ontopwiki.com/cryptocurrency/ @ byzantinehash/zclassic-zcl-should-you-invest disclosure : I have investments in Vote Coin and this post is not meant to act as investment advice.Do n’t forget to follow @ ByzantineHash for future easy to mine cryptocurrencies that are not well known .

source : https://ontopwiki.com
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