also as far as merged mining in myriad children is concerned will the original algos only be able to be merged mined via Myriad? it would be preferential for the very long term 10+ years after block rewards are 0 + tx to have the children be merge minable only through myriad and not able to be specifically minable through one of the 5 algos.
(that way if you want to use for example sha256 to get myrchild J you would have to mine the original myriadcoin itself.
additionally the rewards of merge mining myrchild A and B dont have to decrease as you go down the line (shown in the infographic)
you can get the merge mining rewards of 200 for myrchild A and 200 for myrchild B instead of the rewards dissipating having myrchildren going down the line of A1-A2-A3
although this would be fine we need to keep in mind that the original coin (Myriadcoin) should be positioned to have much more incentive to mine and get the merge mining rewards of myrchildren down the lines of
A1 (200) -A2(75) -A3(25)
B1 (200) -B2(75) -B3(25)
C1 (200)
--
Does that make sense to everyone?
Ill also post on reddit for better discussion
I think you could check whether or not the block is being solved with auxPoW or not. If it is mined directly (not through auxPoW) couldn't the block rewards be set to 0 in this circumstance and deterring anyone from mining the coin directly?
and no because there will be many branches from myriadcoin itself. all of which can be mined with by mining myriad. reward decrease could be linked to the next coin in the line to decrease accordingly as well making all MM coins BW decrease all the same proportion as the original myr algo.
What happens then if the Multi-Pool still wants to attack and keeps switching back onto Myriadcoin? Say they did this for a day. The whole day they would render Myriadcoin's Scrypt block rewards to 0 for the entire day!
[/quote]
even if someone used a MASSIVE amount of electricity and developed a program to wait for difficulty to lower down then mine 0 0 0 0 0 0 0. how long until that person runs out of money? he will also have to do this for 4 other algos.
not to mention block reward is normal for subsequent blocks of equal or less difficulty % change. the attacker cannot do this forever eventually he will reach his full hashing power.
to answer your next questions.
-even if our total network hashing power for 1 algo lets say scrypt rose to above litecoin's, we CANNOT guarantee that a massive and hightech MP would come along with the same hashrate ratio to ours 100-1.
-no because continuing to dominate 1 algo would just result in normal block time and massive time mining wasted at a tremendous hash rate. cannot be sustained for a long time without going bankrupt by attacking a strong blockchain... right now we are still where we were 4 months ago when I sounded the alarm. i want you to imagine how frustrating that is.
ive seen steps ahead of this no one gives a fuck
figure it out yourselves or dont a fuck i could give not.
ill be away for a little while. ive had enough
[/quote]
We aren't in crisis mode. Nobody said your ideas were shitty. All I'm telling you right now is any 'fix' that you or anyone has should be coded into a fork of MYR and launched as a child coin. We can then observe if the desired effects actually work on not.
Show Posts
