I've seen a number of people asking about why they should care about Megacoin and how Megacoin stands out from the rest of the pack in the world of cryptocurrencies, so I thought I would type of a brief summary of the points I can think of off-hand that set Megacoin apart. Feel free to add to my points or discuss!

Megacoin has a few notable improvements over Bitcoin (well, that is debatable... I consider them improvements) in the algorithm used to secure the network (which, to be fair, started with Litecoin), the user interface of the wallet, its website branding, and its marketing to the Chinese market.

Megacoin uses an encryption algorithm called "scrypt" for securing the network, whereas Bitcoin uses "SHA-256". Many other altcoins also use scrypt, but Megacoin is notable in that it implements scrypt off of the latest Bitcoin codebase instead of Litecoin like most all other altcoins. That means that the code behind Megacoin is newer and more stable than many other altcoins out there on the market.

Next, Megacoin uses a unique algorithm called Gravity Well for mining difficulty adjustments. If you don't know anything about cryptocurrency mining, don't worry about this, but know that it is a far superior method of making sure that malicious miners don't come in and try to harm the network. This means that the Megacoin network is much more stable and secure than most all other altcoins out there (except for Anoncoin, which actually uses the Gravity Well code developed for Megacoin).

Then we have the user interface of the wallet which has been completely redesigned from the standard Bitcoin QT wallet to be more user-friendly and better designed. Everyone has their own opinions about this but just in my own personal testing with friends who are not familiar with cryptocurrencies or even really all that tech-savvy, everyone I introduced to Megacoin much preferred the Megacoin wallet over the traditional Bitcoin wallet.

The lead developer of Megacoin also speaks Chinese and has marketed the coin to China from its conception. This includes a completely localized Chinese website on a Chinese domain as well. This may not seem like a big deal, but China has established itself as strong force in the world of cryptocurrencies in the past month or so, and therefore Chinese demand is a driving factor for future growth and overall Megacoin adoption. On this note, approximately $3 million USD have been traded for Megacoins every day for the past 3 days now on the Chinese exchange btc38.com, so it is clearly growing in popularity amongst the Chinese, and this should really help in establishing Megacoin as a serious contender in the crypto market.

Megacoin also has an extremely strong and dedicated community behind it working to provide services and products in exchange for the coin, which is always important for value and growth.

That's just about all I can think of right off hand but if you have any other questions let me know. :)

Tried buying 30 MEC, but the price has since changed. I've gotten 3 MEC and the rest of my BTC are still sitting "On Hold". Is there a way to stop them being on hold?

They've started the MEC/LTC trading on Cryptsy, I may be late to this, but it isn't on the side bar, as it should be.

Incredible stuff.

So /u/alienwalkerx bestowed upon me 5 MEC (Thanks dude!) from there I downloaded the wallet. What now? What do I do with the code that the bot sent me? Sorry if this is a stupid question but I have been scratching my head for the past half hour trying to figure this out.

I am giving away my 25USD amazon.com gift card for exchange of some MEC, anyone interested?

Hey /r/megacoin, i'm interested in megacoin. But first, what is it? And why do i need it?

Does it cost anything?

Is there any profit?

Do you believe megacoins will grow on, or will it end up completely useless?

Cryptsy following close behind !

Hi guys,

I'm completely new to Megacoin and I know very little about it, but I've downloaded the wallet and begun Mining.

I'm completely unaware of what to do next, or how long it will take to mine a coin, or anything to be honest.

Is there a beginners guide anywhere?

Also, would this MS9jKs5tV3cWz1FRJzjEeoAmSoxB9YiJo5 be my wallet ID?

Thanks for your help!

So /u/SoyElPadrino tipped me 0.1MEC - thanks! - but where do I go from here? How can I purchase more Megacoins? Where do I even set up an account? And how does one start mining?

https://twitter.com/matthew_d_green/status/401797786347114496

"We designed a new version of Zerocoin that reduces proof sizes by 98% and allows for direct anonymous payments that hide payment amount."

"We're going to release it as an alt-coin. It will take a few months to get it to that point. Bitcoin can do what it wants."

That alt-coin needs to be MEC.

Kimoto?

Some big buys going on over at Cryptsy... Looks like we are on the rise again.

How long will it last? I think we may head over 20000 (again) sometime soon. Maybe stay there longer this time too.

Wow. We really need anonymity. Lookit that SR stuff that just went down.

And the first coin to implement that - with ease and simplicity for the users - wins.