Post
Topic
Board Altcoin Discussion
Re: A Coin Made Especially for Miners.
by
Zas
on 14/07/2013, 01:45:31 UTC
Provided that it the 10% + 1% are hard-coded then it remains decentralized.

Secondly. In regards to 10x1MB not being equivalent to 1x10MB.... the reason for this is not because of the protocol itself, but because of the extra energy required to set up these identities. It may not initially seem like much difference but the difference is still there. My analogy may have been a bit off in terms of what I wanted to portray, but you are taking a cut to your maximum processing power when you start dividing up your system. As Vlad has pointed out, 89% is a hefty chunk.

If there is abuse it simply won't matter anyway. The idea isn't equality or that you are rewarded for the exact amount of work that you put in, but that you took part in the first place and attempted to mine. It is true that some will be able to boost their income, but they are not going to be able to get all of that 10%. Lots and lots of others will get a share of that too. The point is, that everyone is rewarded for their contributions not just the big miners who get a huge stonking reward anyway especially later on in the difficulty.

As for Nuggets, I'm wholeheartedly behind it.

Thef, that can happen to 100% of the other coins out there, to some it has happened, yet they have still thrived. What matters is if a coin brings something new to the table, a new way of thinking about something. It won't matter if someone releases a coin that gives 100% of the benefit to the miners, as Vlad pointed out, there are many coins which only give 30% to the miners yet have still got onto the small exchanges without issue. It's up to each miner whether they want to mine it or not. Should it be brought out, I'd be happy to mine it and I hope that a lot of other small miners will also be encouraged.