Maxcoin decides hard fork equals higher market price

[wallstreetcoiner]

Maxcoin is going from 250 million coins to 100 million coins:

https://twitter.com/maxcoinproject/status/446670664184127488

Does this mean you just fork whenever you want a higher price?

[1715475220]

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[1715475220]

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[BombaUcigasa]

From what I hear the Maxcoin Devs actually didn't want to do this.

1GH is forcing the issue as they are more than 80% of the hashing power.

While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.

But since Maxcoin belongs to 1GH, it's there's to do with as they please!



~BCX~

So ... when the network is being controlled by a 51% entity, the minority of the network can change the rules and attack the consensus.

I love it!

[BombaUcigasa]

From what I hear the Maxcoin Devs actually didn't want to do this.

1GH is forcing the issue as they are more than 80% of the hashing power.

While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.

But since Maxcoin belongs to 1GH, it's there's to do with as they please!



~BCX~

So ... when the network is being controlled by a 51% entity, the minority of the network can change the rules and attack the consensus.

I love it!

1GH and Maxcoin Devs are working together to control and price fix MAX.


~BCX~

Why? Didn't the instant 30k USD they made on the "instamine 1 difficulty fair launch" last them not even 3 months?

[wallstreetcoiner]

Didn't the instant 30k USD they made on the "instamine 1 difficulty fair launch" last them not even 3 months?

The developers have hinted that if this doesn't work they will keep forking. It's called "development" according to their twitter feed.

https://twitter.com/maxcoinproject/status/446670664184127488

It appears the maxcoin team has found the holy grail of crypto - how to make the price higher at will. lol

[tacotime]

If they're taking notes from RealSolid, perhaps they should also start begging for donations.

[Polycoin]

Maxcoin died a long time ago. Anyone still mining/involved with that crap...goodluck.

[Polycoin]

If they're taking notes from RealSolid, perhaps they should also start begging for donations.

They didn't premine any for themselves. 'Begging' from the community as you so eloquently put it, is a HELL of a lot better than hoarding a load of premined coins for themselves. MaxCoin is a pure free market coin.

Maxcoin died a long time ago. Anyone still mining/involved with that crap...goodluck.

The community is regrouping as we speak. You have not heard the last from MaxCoin. Rumours of it's demise are greatly exaggerated.

1) Maxcoin is just a clone
2) Maxcoin offers no innovation
3) Maxcoin was made a long time ago
4) There are 99999999999999999 coins better than Maxcoin, even SwagGucciCoin is better than Maxcoin
5) Maxcoin is run by scammer Max Kesier
6) Maxcoin has a horrible name
7) There are another 99999999999 reasons why Maxcoin is shit and died already.

[frobley]

that's what you get with a completely centralised coin.
just max himself manipulating the gullable via his mcmaxnow api

[precrime3]

1. It runs on keccak (SHA-3) so clone of what few coins there are of that algo?
2. it depends on what you think of innovation. I have no really good argument for this, other than the same BS, KGW, etc....
3. Janurary 29, 2014 (ANN thread at least) Is not a long time ago
4. Again, personal opinion.
5. Max Keiser is a news reporter, and has an established reputation. IDk how he is a scammer?
6. Again personal opinion.
7. Please state them.

Perhaps im wrong, but I think maxcoin is a perfectly good coin. The hardfork seems to be appropriate if indeed 1gh has 85% of hash.

[greentea]

Maxcoin is going from 250 million coins to 100 million coins:

https://twitter.com/maxcoinproject/status/446670664184127488

Does this mean you just fork whenever you want a higher price?

Looks like pawncoin is doing the same thing, cut the total coins to increase the price...

[xlcus]

From what I hear the Maxcoin Devs actually didn't want to do this.

1GH is forcing the issue as they are more than 80% of the hashing power.

While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.

But since Maxcoin belongs to 1GH, it's there's to do with as they please!

~BCX~

I got lost.  Do you mean 1Gh can control the coin as 1GH has  >51% net hash power?
Is it also true for HVC, which has the similar situation?

[enkidu78]

This is the whole problem with current pools, they should all be p2p! I have used other Max pools and don't get half the coins as on 1gh. As a single miner I can't change that. Question is why don't some of the big Hasher's change pools?