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Author Topic: Would fast retarget make a coin harder to pump-and-dump?  (Read 813 times)
sterob (OP)
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June 19, 2013, 02:31:30 PM
 #1

Pump and dump make a  coin ran out of hashrate when the diff was too high compare to the price. However with coin that has fast retarget like Florin Coin would that make it less likely get pnd? After the horde leave, diff will go down very fast and make mining profitable again.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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June 19, 2013, 02:39:01 PM
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actually, you have to balance scarcity with the difficulty changes. If a coin is plentiful with frequent changes, people will continue to flashmine. But if it rare and manages to get a good price, quick changes in diff wont affect much. People mine for value, and as more people are using crypto switcher and other such programs, they are almost always mining the top three.

 Grin come mine Noirbits while we are still free of flashmining.
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June 19, 2013, 11:09:32 PM
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but would it still makes the coin have a healthy hashrate?

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June 19, 2013, 11:33:13 PM
 #4

if you want something like this look at TRC, but it fails pretty hard

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June 20, 2013, 10:41:54 AM
 #5

can you elaborate TRC?

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