Discuss the price of the currency and kick out the "Turtle Coin" community. Is idealism a new weapon?
Editor | Lu Xiaoming
Editor | Lu Xiaoming
Idealism seems to have become a new magic weapon in the bear market.
Previously, Odaily introduced the anonymous and low-key riseGrin, the team is full of idealism and emphasizes fairness. Perhaps it is the cold winter of the bear market that makes people more inclined to technology rather than capital, and people once again reminisce about the original community spirit of Bitcoin to recharge their beliefs. Features such as non-capital drive, community spirit, and team anonymity seem to be the common features of the recently popular currencies. They have a name called "Xiaoyecoin". Regarding the characteristics of Xiaoyecoin, SorosReport, the big V in the currency circle, summarized:
1. There is no token sale, because even if you want to raise money, you can’t get money;
2. Community-based projects, without capital behind the scenes, are purely spontaneous behaviors of the community;
Third, the team is very humble. Onocoin's team is basically programmers, and most of the people who write code are more practical and humble, excluding a small number of lonely geniuses;
4. There is no listing fee.
The coin I want to talk about today is also an anonymous "Onocoin". TurtleCoin, the Chinese name is "turtlecoin" or "turtlecoin". It was born in December 2017. It is also a currency that has been very active in the Chinese community recently. The team has a common feature with Grin: anonymity, low-key and emphasis on fairness .
Recently an article was published on the Bitcointalk website"I took all my college money to buy Turtle Coins ($50,000)"block rhythmblock rhythmThey all recommended this coin one after another, which made Turtle Coin get a lot of attention.
Odaily reporter asked several community volunteers in the Chinese community of Guiguicoin about "Where is Guiguicoin more attractive to you?" Most of the answers I got mentioned the characteristics of the community, development team and developer rankings. .on Coingecko, TurtleCoin ranks 16th on the Developer Index, a measure of code updates.
secondary title
"Monero + Dogecoin" with geek thinking
Let's take a look at the "Onocoin" with a cute name.
According to the official website, Turtle Coin is fun, fast, and convenient, and is suitable for rewards or commercial payments. Like Monero, Turtlecoin is a fork of BCN, the originator of anonymous coins, and uses ring signature technology to achieve anonymity. The total amount of Turtle Coins is 1 trillion, which will be mined in 100 years. Like Dogecoin, it has the characteristics of large total amount and community awareness.
Regarding how Turtlecoin was born, the official website tells a story:
On a cold night, after drinking a lot of beer, the founders of TurtleCoin, RockSteady and Bebop, discussed that there are too many false publicity in the world and ICOs that actually have no product development strength. Bebop believes that in this era, it is impossible to complete an effective blockchain project without a serious team and serious funding sources
RockSteady stroked his beard, listened carefully to Bebop's speech, and then he said: "Hold my beer, I will show you", so on that night, Turtlecoin was born.
They also mentioned that most of the developers of Turtlecoin have big beards, and these interesting pictures are more reminiscent of Dogecoin, the ancestor of the spoof coin.
Turtlecoin has no pre-mining and no ICO, not even a white paper. The project is completely open source, and there is no salary for joining. They "believe strongly in a no-funds strategy, that if we make a cool product, the value will create itself". This kind of geek thinking and community spirit that everyone can participate in has attracted many volunteers to join. Volunteer work includes translation and so on. Some small projects and volunteers developed in the community will accept Turtle Coins as rewards. There is a clear statement "No market chat" in the rules of the Discord community that is usually used for communication. Once the currency price is discussed, it will be kicked.
In terms of mining, since Turtlecoin is forked from BCN and based on the CryptoNight algorithm, in addition to its own basic CPU mining function, it also supports Monero mining software for mining. Developers insist on changing the algorithm every 3-6 months to resist ASIC/FPGA, in order to work on the fairness of mining,However, judging from the feedback from the community, it seems that it is not yet resistant to FPGA。
secondary title
Speculation or application?
Without capital intervention, community spirit, fairness, and decentralization, it seems to realize all the fantasies people have about cryptocurrencies, but not all of them.
For example, as we mentioned earlier, some people think that Turtle Coin is not yet resistant to FPGAs, and the community hopes to achieve complete fairness and truly "mineable for everyone". In addition, the block generation time of Turtlecoin is 30 seconds. But such a fast transfer transaction must ensure that the new block is propagated to the entire network as soon as possible to prevent unnecessary forks. At present, the mobile wallet and payment functions of Turtlecoin have not yet been launched, and convenient payment cannot be realized yet.
The bigger question is, has the community's high expectations for prices far exceeded the project's development progress?
The development team chose to remain anonymous and did not show up even in an interview. The funding aspect was also mentioned before. There is no source of funding. The founder mentioned in the interview that he has been mining Bitcoin since 2011, probably not short of money.
The community activity of Turtlecoin is indeed uncommon among a large number of telegram bot currencies. It is also rare to find active developers who have survived the bull and bear market and are still actively updating. Interviewed by the teamhope to get more exposure, but with the media exposure and reports, the community continues to grow. Is the community that frequently issued the "Stud" slogan really conducive to the development of Turtlecoin?
For open source projects such as blockchain, the community is important because the expansion of the community will allow more developers to help update code and improve bugs, and allow more volunteers to do "customer service" and so on. like bitcoin talka user said: "Whether we are in a bear market or a bull market, what we should do is not only to keep our eyes on the K-line chart, but to join the community for our own beliefs, and contribute to the construction of the community with many fans."
After the community is flourishing, it is possible to increase the circulation of coins, which sounds good for TurtleCoin as a currency. At the same time, the expansion of the community can also let more people know about the project and increase potential fans and developers. However, Turtlecoin is currently in its early stages, and its users are more speculators than "real users" and "developers". Whether the addition of capital speculative psychology will promote the growth of technology or lead it astray, we don't know.
I am Odaily reporter Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.
I am Odaily reporter Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.
