Bitcoin Forum
June 23, 2024, 07:12:23 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: [REMOVED]  (Read 3990 times)
STT
Legendary
*
Offline Offline

Activity: 3948
Merit: 1423


Leading Crypto Sports Betting & Casino Platform


View Profile WWW
April 30, 2014, 03:55:26 AM
Last edit: April 30, 2014, 04:06:30 AM by STT
 #21

A good counter was to start the network with 1 coin per block or something much lower then normal rewards.   This allows hash power to build as people get the node list and pools sorted.  Then from block 100 or later onwards, you have the real block rewards whatever that might be.

Most coins do the opposite and try to give early adopters a special advantage but this is usually destructive as they simply sell.  Anyone in the first month is an early adopter really not just the first day so even if it was intentional it should allow all to benefit not just a few or its a coin restricting its audience

Im not sure if blackcoin is guilty of innovation or exploitation but either way they are trying something new and the pow was to distribute coins.   Could a coin be purely POS from the very start, I guess not.  Its market been shaken about quite a bit by price rise and falls, I think alot of the early miners have sold up and distributed coins or at least Ive read there is not a high level of coins in a small number of wallets.

    To pair with instamine is premine which is even more extreme, where 1 person holds all the details of a coin and mines them before telling others.
   This can also be termed as IPO now which tries to legitimise privileged advantage for the greater good of a coin network by suggesting a coin launch has fees which must be paid to write the wallet or whatever.

  PND was one good example where a large amount of coins were intended for development costs but instead were embezzled for the profit of just one person.    Its a good rule in general that coin value develops over time with many people not at once during a launch with just a few, avoid IPO if possible and maybe even coins which launch with full block rewards and an inability to retarget difficulty immediately

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!