Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Miners Must HODL
by
BigBoom3599
on 04/07/2016, 08:14:28 UTC
Fork At Block 86000

There is a fork at block 86000 in accordance with the Nutocracy motion -
https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

From block 86000, miners will be required to HODL the block reward for a period of 1 year to create a valid block.
In anticipation of a reduced hashrate, the diff will be set to a fixed lower rate for blocks 86000 to 86025 and from there will adjust to the new hashing power of the network.

The release is being finalized, from there, new binaries will be compiled and released.

I fail to see how a vote open for a little over a day is representative of the community's opinion at large. I did not even see the motion until after it was passed and I would hazard a guess that it was/is the same for many others. The speed through which this motion passed definitely gives the appearance of impropriety. I support my assertion with the fact that the software changes are already in testing phase. It seems a little too pre-planned.

I'm inclined to agree with you.

This is goign to kill the coin ....
1. Noone is going to want to mine it  so the blockchain will be low hash (51% attack incoming) or stop altogether.
2. the botnet are just going to mine it and in 1 year + few months they dump those whole year of coin + interest

Please stop using colors when you post, you're opinion is worth just as much as all the others in this thread so there's no reason to use colors and giant fonts.
1. There are still plenty of people who will want to mine, I am one of them.
2. It would be really stupid for the botnet operator to keep mining HOdl, there are other CPU coins out there that profit better and where you don't have to wait a year to get your money.