Post
Topic
Board Altcoin Discussion
Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs)
by
markm
on 16/07/2013, 04:44:38 UTC
They have the money to buy up any coin.  They spend $10 million or even. $50 million and buy a well known coin with history and from the "inventors".  That's how it worlks.  Nobody buys into an ETF for a coin that just popped up last week.  That's ridiculous.   That's why I was rushing to start a coin cause the older coins will be worth more, also the ones with the biggest followers or a story, a unique story, which is why I like devcoin.

Don't bankers care about security anymore?

Are they going to deploy massive GPU farms to try to secure scrypt based coins, or merged mine with ASIC farms to secure all the chains they create ETFs for?

Remember a secure chain needs to have at least double the hashing power that the entire rest of the world can muster, so that even if everyone who is not mining it attacked it the attack would still fail...

-MarkM-