Topher Webb – LTUAE

NEW YORK COIN

New York Coin (NYC) was brought to my attention last night. It was born March 6th, 2014 and has a horrible official website. Its official block explorer is crappy and I can not search for my wallet address to see any transactions from it.

http://nycoin.net/ is the official address, and on their website they are claiming

EASY TO MINE

(scrypt pow, very low difficulty, pool mining, wallet mining)

 

FASTER THAN 99% OF ALL ALTCOINS

(instant transactions and 30-second confirmations enable time-sensitive purchases)

 

FAIR LAUNCH, NO PRE-MINE, REAL CRYPTOCURRENCY

Although I read on one of the forums from someone linked to the company that there was, in fact, a pre-mine. I will find this post and link it as soon as possible.

I was about to grab 1,000,000 of them to put away as Coin Market Cap has NYC up 114% but I ended up buying 100,000 of these at 0.000000001 BTC and I may look again in a week or so and get more, or dump.

What interests me about this coin is that it has no network fees ( yet ) and 30-second confirmations. I dont know if they will be able to maintain that speed if the coin is picked up widely by the community, we will wait and see how the network copes, I guess.

You can check out the current BUY and SELL prices here

 

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