Post
Topic
Board Altcoin Discussion
Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin?
by
TPTB_need_war
on 17/12/2015, 23:07:07 UTC
Regarding shorting, to be able to short there needs to be actual coins on an exchange so they can be sold in the first place. Most coins are in the masternodes, a lot are in hot/cold storage controlled by random holders/users, and a tiny percentage is in the exchanges, and even tinier percentage of those are being offered for shorting. Hard to make profit shorting considering the amount of masternodes you'd have to own. Of course the possibility to do so is there, but it's not as simple as it's being made out to be.

Before reading your post, I had written in another thread:

Arguments along the lines of "if that is true, why didn't happen yet" are refuted with:

1. Perhaps only I am the one who realized how to attack it. And I just described it today.
2. There isn't much incentive to do that attack, because (from what I've heard about most of the trading volume on altcoins being fake) there isn't any way to extract any significant value from Dash via shorting.

An illiquid coin not used as a currency with all the coins locked up as a pump and dump game for speculators is already an attack.  Tongue

Point is that if you have a widely used currency, shorting will be possible.

We are talking about what sort of design should we all support that can scale up and be used by millions of users. That is our goal right?