January 6, 2018
by Sharon Moran
In the early 1980s legendary commodity traders, Richard Dennis and William Eckhardt set out to settle a long-standing argument between them: whether or not trading could be taught. Eckhardt insisted that being successful at trading was the result of having a “special gift.” Dennis, ever so humble about his ability to turn $5,000 into $100 million, believed anyone could be taught to trade.
I couldn’t help but notice the similarity between the origins of The Turtle Experiment and TurtleCoin. Both are the result of a disagreement about nature vs. nurture.
TurtleCoin has origins similar to The Turtle Experiment since it was created as the result of an alleged dispute. According to the TurtleCoin website, the coin was created after a disagreement between two friends. These two creators continue to remain anonymous using fictional characters from Teenage Mutant Ninja Turtles. The two friends, Rocksteady and Bebop allegedly argued over whether or not it was possible to launch a successful cryptocurrency without excessive marketing and raising millions of dollars in an Initial Coin Offering. The parallel to The Turtle Experiment, I suppose, is that the “special gift” or necessary prerequisite to success in this case would be the money needed to fund further development of the cryptocurrency and underlying platform. The “nurture” aspect involves the environment created after raising millions, an environment that provides a more conducive path to success.
The story of TurtleCoin’s creation is certainly plausible. Two guys interested in blockchain technology and software get into an argument while drinking beer and argue the merits of the current funding strategy that predominated the cryptocurrency space at the time: the ICO. Of course, I had my own theory last year about Rocksteady’s real identity, which is why I’m partly skeptical that conversation actually ever happened.
The result of The Turtle Experiment that Richard Dennis and William Eckhardt conducted in the 1980s proved that it was possible to teach trading and that no innate, special talent was required. And, so far, just 1 year after the launch of TurtleCoin it appears that Rocksteady was right; it’s possible to launch a coin successfully without conducting an ICO. TurtleCoin has a committed group of developers building their smart contract system, Karai, and they recently released TurtlePay, a payment processing service.
What’s so noteworthy about TurtleCoin:
Community: TurtleCoin quickly built a stable community consisting of over 35 developers. Also, TurtleCoin won 2018 Best Community from the Crypto Influence VIP Summit.
Fast Block Times: TurtleCoin has a 30-second block time. As a result, your money travels 20x faster than bitcoin. Smaller block times result in faster transactions.
Proof of Synchronicity: TurtleCoin is expanding upon the standard proof-of-work bitcoin uses in coin creation. Proof of Synchronicity addresses and corrects the drawbacks of pure proof-of-work systems.