Quote from: Hazard on May 21, 2013, 02:03:08 AM

Quote from: centenary on May 21, 2013, 02:02:10 AM

Quote from: ecliptic on May 21, 2013, 01:55:00 AM

coins with very short block times demonstrate the ability to take almost 100% of the rewards with enough hashrate to orphan everyone else trying to mine

This is almost certainly intended behavior by their creators. It allows them to premine while maintaining the illusion of "fairness".

Yes, even with smaller block rewards for early mining.

It is literally a race of seconds for the first person to throw several dozen Megahash at the network.

once you have it, you control it. Everyone else will be orphaned.

This is absolutely a valid argument. For anyone who thinks this can't happen, it happened with GameCoin. Someone (presumably the developer) was able to override the mined blockchain with an even longer blockchain, giving all of the rewards to that one person.

No, gamecoin just used the exact same genesis block as feathercoin, and didn't bother to add new checkpoints. Someone just copy pasted the feathercoin block chain and it began propogating across the network.

Wow, that's a new level of incompetence that I wasn't prepared for