it is possible that someone could take the hash of this coin and use it for other coin like monero?
its just a question.
If you mean, like a pool who kidnaps the hashrate and use it for monero mining? Never thought about it, but i think it could be possible.
I also never thought about it, because I do not have the racoonity to even consider that but it would make sense here. A "bright idea", btw.
Who is wasting 24/7 around 20 KH/sec for nothing? After a half year, nothing happened. Absolutely nothing. The dev is incapable to create even a GUI for a wallet. Thats ridiculous and insane still to believe in this "project", which is not even a project that deserves this name. Some people must be very greedy to spend 20KH/sec for the hope of getting rich. The cryptobubble is bursting anyway. It does not matter what the name of any coin is, it does not have any practical use. Neither to pay with nor to use it as a store of value. Both is absolutely an illusion. Its just a mega ponzi scheme lighted by news in many mass media like CNBC and so on. The one who paid the highest price will pay the one who paid less and thats all. Now the governments will forbid it. China did it, South Korea did it and trust me, Europe, Russia (Russia recently denied but will forbid it, too, in the long term) and the US will do it, too.
Bitcoin & Co are crashing now and will never come back. No advertising more on facebook for example. See
marketwatch.com/story/no-more-annoying-bitcoin-ads-on-facebook-2018-01-30 Nobody and really not a single government is interested in a non government controlled currency or digital asset. And 20,000 bucks for a bitcoin was an alarming signal for every single government around the world, because is shows how risk seeking the audience is. We will never see 20K again in bitcoin. And other coins you can forget, too. Maybe the ripple or tether have a chance but only MAY BE. Any other coin is pure fiction and will be worth only a couple of cents in some month until years.
And to have more than 1,000 coins is completely mad. There is only 1 Facebook and there is only 1 Amazon and there is only 1 Google. There also can be only 1 coin. (Today every nation has a coin, but in future only a few coins will rule the world, maybe only 1 coin - that would be the most efficient coin, but a little competition even between coins cannot be wrong)
And as a mean of payment you can forget any coin (theter and ripple excluded). They could be take over the function of cheap and fast money transaction in the internet but still connected to legal tender as the us dollar is one. But as a store of value? Gold is superior. So as an asset it does not make any sense. And as a currency it will not be allowed by governments. And if any cryptocoin will be used to make transactions without paying any tax, supporting terror actions or to trade prohibit goods or services then the governments will find a way to stop this. They will prohibit any crypto exchange and even only the crypto exchanges in the U.S. would be enough to let the prices collapse so they would be almost worthless and criminals wouldnt be able to transfer value anymore. Or interpol will find and stop main servers or will not allow operators of servers to use it for cryptothings of all kinds anymore on pain of penalties. The price will collapse even more then. And if other countries would allow this, trust me, the axis of evil will be extended and destroyed.
But apart from that here we have some really greedy as well as stupid people who are still mining this coin and we have the dev who could be connected directly or indirectly with the pool.
And to let the stupid audience of miners think that this coin will be sooner or later come to exchange will encourage them to keep mining.
But if this coin will never come to exchange the dev could use the hash power to mine another cryptonote coin like monero. Yes, I think, that sounds more than convincing and plausible. But it must not be. I have no clue about that technical things I ve to admit.
But also look for
https://bitcointalk.org/index.php?topic=1080067.0So - you may twist and turn it - neither your hash rate could be misused to mine monero for the pool operators or even more important is the fact that a non government controlled coin or asset will stay a fiction. Even in a decentralised world.
Bitcoin was the first usecase for blockchain technology but it will fail and of course other coins like sikka or whatever more than ever.
You are wasting your resources - time, energy, technical equipment respectively money and of course nerves.
Google "tulip bulb". Humans traded a vast scope of worthless things. They did it with tulips, they did it with shares, with post stamps, with CDOs (colleteral debt obligations until the financial crisis in 2008) and now they are trading digital units in 2017 like hell. Unbelievable but thats the nature of humans. Partly completely not comprehensible and unreasonable.
2017 was the spike of crypto mania - very exciting for the ones who have been or are still involved into this mania but bitcoin and co. have no social function as money does have it and its not a store of value. It is just a vehicle of speculation like tulips have been in 1620 - 1637.
Enjoy the last months of cryptomania. The interest rates will rise and therefore stock markets, bond markets, real estate markets and any other markets will come down in prices.
And you want to bet on a rising crypto market?
The crypto market will implode at first.
My advise for the honest and prudential people here is: Forget it and save your resources. You will thank me for that advice in several months when bitcoin is worth again only a few hundreds of bucks or even less. And the project "sikka" is like the wish to open another online shop after amazon already opened years ago. Completely doomed.
My assets are 100% in cash and I feel fine with this. And the more the prices come down the more fine I feel
))))
I never mined nor bought a coin. That´s completely nuts. But its funny and at the same time even scaring to observe how people are getting rich and others will get painfully poor.
The crash is not over. It will ruin a lot of people. This will get very very painful I assume. The most uninformed and naive people bought in late 2017 and these people will leave the party at first and never and really NEVER come back.
