how is that a worst case scenario? it just happens to be illegal. otherwise it's a miner like every other miners. botnet costs too, they don't grow in trees. being a cpu coin, botnets are to be expected.
in fact its actually good that its illegal, as in against the government. we all are more or less against the government, right?
I have very little idea how exactly a botnet operates. I imagine it to be the worst case scenario because it seems almost 'limitless'. It is a moot point though. I *suspect this entity is not in the U.S. given the timing of the huge network hashrate increases btw.
Yes, increase, I don't think there should be a limit. It would limit itself once the hashrate is saturated. Can't have infinite hash, right? And then you get tons of security. Price might as well go up.
You suggested a fork, that's why I suggested this. Give money to the miners, soon our entity would be overrun.
The goal of a cpu coin is to get millions of home users mining it. Then it's something completely undefeatable. But it obviously needs the right rewards.
That is the fundamental problem with 'forking'. It seems to be a slippery of "if that manipulation didn't work, let's try another."
Anyway, believe it or not, there is an incentive for someone holding YAC to mine YAC, particularly when it is profitable to do so. I'm confused who would buy a coin that increases rewards with increased difficulty. It would be like betting against your own company. Buyers would essentially be betting against widespread adoption and technology, long-term.
been looking on coinmarketcap really, so that adds everything up.
I look at coinmarketcap.com as well. I think you missed my point.
if you mine and hold, you might as well buy. get the price up and it will bring bigger profits and therefore more miners.
Why would I buy when it is more cost effective for me to obtain those YACs by mining? The only reason for me to buy is if I needed more YACs in a short amount of time than I could possibly get by mining.
Edit: Good idea actually. Why don't we make a clone with increasing rewards instead of decreasing?
Who is 'we'? It is not a discussion that really pertains to YACoin. It sounds more like an anti-YACoin
