[ANN] Corecoin (COR) | Fresh | Blockchain 2.0 Project

[CaptainCore]

Remember, why you started!

ok


https://i.imgur.com/TLnBg80.gif

[1715563072]

1715563072

[1715563072]

1715563072

[1715563072]

1715563072

[layer1gfx]

I can't wait to double spend this one.

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 9333333 * COIN;
     }

    // Subsidy is cut in half every 4000 blocks
    nSubsidy >>= (nHeight / 4000);

    return nSubsidy + nFees;
}

When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.

In fact, at about 7/block the reward won't be enough to secure the network in two weeks.

There is a reason all the big PoW only coins have a very long halving.

Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.

Good luck. 

could you explain this a little bit more for not so experienced altcoin fans?

[Marcus Augustus]

I can't wait to double spend this one.

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 9333333 * COIN;
     }

    // Subsidy is cut in half every 4000 blocks
    nSubsidy >>= (nHeight / 4000);

    return nSubsidy + nFees;
}

When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.

In fact, at about 7/block the reward won't be enough to secure the network in two weeks.

There is a reason all the big PoW only coins have a very long halving.

Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.

Good luck. 

could you explain this a little bit more for not so experienced altcoin fans?

I did my math wrong, but the issue is the same. This coin is in danger of a 51% attack after about 2 months (not 3 weeks like I mistakenly said). Halving takes about 11 days. 5 halvings is about 2 months. At that time the reward will be 15. By then hashes will have dropped to near non-existence and the difficulty will plummet. Then someone only needs a few MHs to drive the chain for enough confirms to double spend.

If the coin is very valuable, this is a big danger. It's happened before.

[CaptainCore]

I can't wait to double spend this one.

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 9333333 * COIN;
     }

    // Subsidy is cut in half every 4000 blocks
    nSubsidy >>= (nHeight / 4000);

    return nSubsidy + nFees;
}

When nHeight hits 52,000 then nSubsidy is 0 and the network is running on fees. No one will mine it and you can do what you want with a few MHs.

In fact, at about 7/block the reward won't be enough to secure the network in two weeks.

There is a reason all the big PoW only coins have a very long halving.

Prediction if the dev doesn't put in PoS or change the schedule: coin dead in 3 weeks.

Good luck. 

could you explain this a little bit more for not so experienced altcoin fans?

I did my math wrong, but the issue is the same. This coin is in danger of a 51% attack after about 2 months (not 3 weeks like I mistakenly said). Halving takes about 11 days. 5 halvings is about 2 months. At that time the reward will be 15. By then hashes will have dropped to near non-existence and the difficulty will plummet. Then someone only needs a few MHs to drive the chain for enough confirms to double spend.

If the coin is very valuable, this is a big danger. It's happened before.

unlikely, your maths is way off. give it ~2 years left untouched.


and planned upgrades  are happening shortly

[kevinjulio]

where is giveaway?