Okay, a few more concerns I was wondering about.
What happens if Bitcoin becomes massively unpopular? Like say, for whatever reason, people decided Bitcoin was too inflexible, and decided to move to a new currency, and this new currency wasn't ixcoin. Wouldn't the network hashrate drop significantly, and the network would then be massively insecure? At this point, wouldn't a coin such as Securecoin do a better job at protecting itself, as it would be difficult to have many computers attacking its multiple hashing algorithms?
Decentralized crypto currencies like Bitcoin gain their security by the number of participants that are mining the coin. Just because you have a more complex proof of work algorithm like scrypt or secure coin ( 7 different hashes ) does not make it more secure if you don't have a lot of miners mining the coin. Bitcoin gains its value on what is called Metcalfe's Law, wherre the utility of the network grows with the square of the number of users. As more miners join Bitcoin mining becomes more secure. That is what you just don't understand (1) Fast block rates make a network less secure. (2) Harder Proof of Works schemes like Scrypt, Scrypt_Jane, Chains of different hash functions, Memory hard schemes only change the nature of the machines that mine the coin, but you still need a lot of miners to secure a coin. With Bitcoin (an iXcoin), you not only need a lot of miners, you need very expensive miners. I guess what you don't understand is when there are only a hand full of pools that control 95% of the hash power in bitcoin, then you really aren't any more secure than an alto-coin having 5 miners. Anyone of the 5 big bitcoin pools could go rouge and attempt a 51% attack. So while it's true bitcoin has a huge amount of hash, remember most of the hash is controlled by only a hand full of pool operators. |
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FYI, Does not work on OSX 10.6.8 |
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any thought on getting a better logo?  We need better graphic design and logo IMO. |
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my greatest concern with bitcoin and bitcoin copycats is number 2 from the post above. anyone care to explain the payback for all the network hash to stay?
[quoteIf all the coins are finished mining so soon (2015), and this coin is not Proof of Stake, who is going to do the mining to process the transactions? Especially when there is no incentive?[/quote]
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when the config file?
read the post buddy. USDE.conf will be released 30 minutes prior to launch. |
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Thanks for the update Moonmoon! I'm intending to stay with this coin long term. And will look for a way I can help.
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This coin need a huge marketing, i support this on Twitter, FB and Redditt, would see this to the moon!
Coin is still very new. Maybe give it some time. The design is good, so just let the PR catch up.... I think it should come. |
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Bump for question on PoS specs....
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the World of Crypto is a strange place....
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What is the estimate time for CryptoCourse to be live? Thanks |
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Like how much does the PoS pay out a year? I kinda like the coin and hold some of it. Just would like to know more about it as I am investing based on what I think will perform best and be sustained for years to come.
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On your website you say "Sha256 POW/POS+ TX messages" Could you elaborate on the PoS part and TX messages please?
Proof Of Stake(Like PPCoin, NVC) Transaction Messages(Like Florin Coin, Bountycoin) So how is the PoW phased out and PoS takes over? Thanks |
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On your website you say "Sha256 POW/POS+ TX messages" Could you elaborate on the PoS part and TX messages please?
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What are the TX fees? After the 4 years, what is the incentive to keep mining?
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Just what we needed. Another Coin.
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Why do you say coin died? Is it dead?
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another day, another coin...
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Hi all,
I was wondering if there are any reliable services out there that send you an email when Bitcoin goes above (or below) the trigger points that you set? I want to know when the Bitcoin price goes above 1200, but don't want to keep watching it like a hawk.
If you are wanting to sell at 1200, why not put in sell orders at those levels? Or what am I missing? |
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A new coin worth watching is AlphaOmegaCoin Interesting coin with the largest expected production of 999 billion coins but with smaller block reward of 35,000. It already has... a website and wallet: http://www.alphaomegacoin.coma forum: http://www.alphaomegacoin.org/and a pool: http://aoc.livechains.net/and best of all, there has been very little premining! (only about 2100 blocks premined for promotions and such) Can't say that for a lot of these new altcoins... What does the community think? IMO We dont need a new coin with nothing new to offer. How about a coin that actually improves something? |
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