Post
Topic
Board Announcements (Altcoins)
Re: CREDITS [CRE] | SHA256 | SIDECHAIN | NEW BLOCK-DEPOSIT FEATURE | OFFICIAL THREAD
by
OrientA
on 14/10/2015, 08:02:43 UTC

I think gabriel is coding on some nice features that will make credits marketable.

Though one thing about it is that i think credits are exploitable and therefore might never get a high value.

Let's say someone owns 100 bitcoins. He then sends these bitcoins from one address to the next each 10 minutes or each block. 3 months later he will possibly get 100 credits * 6 per hour, * 24 per day = 14400 credits per day.

I think the possibility to artificially raise the amount of credits might be a problem for the valuation of CRE.

Am i wrong?

I believe you are incorrect SebuJ.


Now, It is my understanding that a person *could* take a BTC. Claim the CRE from it. Then sell the BTC on an exchange and purchase another BTC, Then claim the CRE from that one, rinse and repeat.

However. I think the time it would take to do such a thing might be counter productive for profiting in such a way.

With 1 bitcion, you can buy 20k CRE, it is much easier than to use 100 bitcoin and claim the 20k CRE 200 times.