Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts
by
valgandar
on 20/04/2018, 18:53:40 UTC
I hope that DERO will consider forking to v7 as soon as possible. DERO could fork again to their own custom POW once it is ready. The nethash is up over 100MH/s, one person, or at least a small group of ASIC owners are getting the lion share of mining rewards released. The ~37,000 DERO released daily is enough to completely annihilate the buy orders of both exchanges. ASIC owners will only be interested in recouping their investment costs as soon as possible. Whoever is getting all of the DERO released cannot sell all of their rewards as the price would plummet.

I would assume that a fair amount of DERO is being put aside from these miners for future sale at a more opportune time. This could significantly thwart DERO's future momentum in the market.

I must agree. Or it could be worse. They could not dump it, and if the project succeeds (as I think it will), they'll become the biggest bag holders without so much efforts. Not much fair. It defeats the decentralization and anti ASIC principles that the project bases itself.