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Board Service Discussion
Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)
by
Phildo
on 17/04/2015, 03:48:39 UTC
Quote

Hm. Any mining experts want to weigh in?

I can't speak to mining specifically, but CPU processing abilities are always in a state of flux...


...but not to the degree that it would have a noticeable impact on hashing over time


What I see happening is the new leadership and team are trying to find their way through what is indeed a storm.  I see a separation from GAW/HJG.  I see a first round agreement with the PC owners for an initial drop of staking interest, including the burning of coins that exceed current allowances.  I see acceptance begun of the wallet that effects the staking change.  It's only a start, but it is a start, a beginning of applying brakes to a runaway train.  I also saw a willingness to reach out to someone with greater cryptographic experience than perhaps themselves.

sorry but said train is off the tracks, smashed through a wall, and triage is being attempted on the few survivors, it will never run again.
I'm thinking that may well not be the case and I believe the new team/admin deserves a chance to bring it off.

Please don't invest too much time and energy in this. Too much damage has been done. To "fix" things you need to change fundamental things about the coin (stake rates, and the premine) and if that is done, why would anyone invest in that coin? Wouldn't you be afraid that they could change the code again to kill your stakers or take your coins?