Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: yanoaziz on August 10, 2018, 11:57:31 PM



Title: coin mined by one person
Post by: yanoaziz on August 10, 2018, 11:57:31 PM
i find a project that developer tell the communty that no one want to mine his coin. he make a fork and changed the code source and wallet. so he became the only one can mine the coin. it is logical ? and what do you think about this project.


Title: Re: coin mined by one person
Post by: Zocadas on August 11, 2018, 01:46:58 AM
Technically it may work, if he changed the algo in that way, that a task (proof of work) can be solved and he would be the only full node, with the agreement, that he at the same time is checking his tasks himself. But you are right, this is not the sense of a blockchain. There is no use for such coin in my opinion.


Title: Re: coin mined by one person
Post by: joniboini on August 11, 2018, 04:37:00 AM
i find a project that developer tell the communty that no one want to mine his coin. he make a fork and changed the code source and wallet. so he became the only one can mine the coin. it is logical ? and what do you think about this project.

I don't understand that decision at all. If the community doesn't want to mine/use his coin, then the project is probably useless. Changing the source code to make the owner the only one who can mine the coin will just make it worse. Nobody would want to use a coin/blockchain that in essence not distributed at all. Even if somebody did, they probably don't understand the risk, or s/he's just an alt of that owner.