Lindacoin is a DASH knockoff ( PoW/PoS hybrid, individual payments, and Masternodes ), with key differences being :
- Scrypt hashing algorithm instead of X11
- 30,000,000,000 LINDA vs 18,900,000 DASH max coin supply
The web site verbiage portrays the mint chiefly as an investment ( and guess ) vehicle, with outstanding call-outs to earning electric potential, investment, and ROI. The lack of a true whitepaper is reasonably eyebrow-raising ; rather there are some high-level descriptions of features and a road-map that ’ s heavy on the market and awareness but unaccented on the technical details .
Let ’ s get the mention out of the way inaugural. quite honestly it sucks and try as I might, I can ’ triiodothyronine see a future world where we are spending Lindas. At best it ’ s an unprofessional name which lacks proper gravitas, at worst the fall through named it after his girlfriend or something .
As a community-driven coin, /r/Lindacoin presently has 1,880 members and, as a quick estimate of how active the community is, the last post on the front page was 20 days honest-to-god ( compared to 1 hour for /r/bitcoin and 1 day for /r/ethereum ). I lurked the Discord channel for some time and while there was a distinct lack of technical discussion, the residential district was friendly and welcoming.
Reading: Coin Review: Linda
The community went through a bit of controversy in early 2018 when the founder was rumored to be dumping coins but since being replaced by ( current ) CEO Jonah Glasgow things seem have to have quieted down .
ultimately I see two reasons to invest in Linda. The inaugural is if you missed the DASH rocket and, for some rationality, think some residual hype will trickle down to Linda, driving it to outperform .
The second is if you want to operate a masternode. While operating a DASH masternode is out of compass of most people, a Linda masternode can be stood up “ on the bum ” with a 44K USD investment ( 30,000,000 LINDA * 0.001462 USD ) at the prison term of this write.
The fact that there are no compelling technical milestones on the road-map is concerning. In stead of technical foul developments the team seems to be wholly focused on marketing, merchant adoption, and getting listed on exchanges. Having just one developer on a software project is a yellow ( if not red ) flag .
Will a rising crypto tide lift Linda prices ? indisputable, but nothing about Linda stands out from the sea of other me-too clones, and therefore there ’ s short cardinal rationality to believe it will outperform. There are crypto projects out there that are doing especial technical study but suffer from lack of market effort. Linda on the other hand lives at the diametric conclusion of the spectrum with all market, and a more-or-less static product. With a unmarried developer on a team of 9, any development advance will be slow ( if at all ).
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The exclusive compel reason to invest in Linda is if you want to operate a masternode. The web site states a 70-99 % ROI per year, which is fantastic if sustainable. That said I have to wonder how long a software plan without technical advance can last, even one with strong market. Given how inactive the Reddit forum is, I besides question how effective the current selling campaign is .