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1  Economy / Economics / No Miners Scenario - what will happen if average miners stop mining? on: February 03, 2014, 12:20:38 PM

Hello everyone,

I have to premise that I am a total noob so forgive me if I talk dumb.  Grin
Anyway, I was thinking about this:

  • New altcoins every day... how long this will last? Ppl will get tired or this mess, no?
  • On the other hand, ppl who has average gpu rigs wants altcoins, for better opportunities
  • so no altcoins, no more average and small miners

the above led me to the following thoughts:

  • What will happen if medium and small miners disappear?
  • Then, will big expensive ASIC miners assume a role similar to that of central banks?
  • If this happens, will bitcoin be abandoned in the long run for failing to maintain democracy in its ecosystem?

What do you think?


2  Other / Beginners & Help / pretty noob, hello world!!! also tech guides to cryptos, and community stuff on: January 02, 2014, 10:39:58 AM
Hi! Another newbie joining in!!!

I'm not active still both in mining and trading, but planning to do so.
Just because I'm a paranoid overanalizing dude, and the fact that I like to learn, I would feel better if someone could point me to some good technical intro to cryptocurrencies (guides, wikis, ebooks, papers etc.). Stuff like blockchain, difficulty etc.
Also there is some mechanism in this community to provide some feedback on user's correctness, or if some users provide escrow services.

Apologizes for not using the search function for the above but this post was mainly meant to introduce myself!

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