Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VOT]: VoteCoin - a new era of anonymous crypto democracy
by
votecoin.site
on 05/05/2018, 08:34:52 UTC
This is completely not true at all about bitmain limits. If you are a bulk buyer you can buy as many as you want and receive same day as everyone ordering 1. Alibaba trusted resellers are already listing these for presale guaranteeing same day delivery as ordering from bitmain.

Well, I just stated what I read on bitmain's official announcement:
"to prevent hoarding and to let more individuals worldwide get one, we've set a limit of one miner per user"
https://twitter.com/BITMAINtech/status/992034662875779072


for a coin like this where decentralization is a major factor and you are in favor of centralization, then there is a huge reason for this coin to not become a main use coin. There are plenty of other coins similar that will fight centralization, but you are not going to fight centralization then what is the point of using your coin?

Maybe you are confusing VoteCoin with bitcoinz. VoteCoin is indeed decentralized, but we do not stress our marketing on the "decentralization" idea. Instead, we implement features useful for voting.


Your coin will most likely be hit with several attacks, due to the small size of your coin, and 50 ASICs is nothing compared to what bitmain is selling and has running.

You are spreading fear without understanding the reality at all. There are NO new attacks possibilities when ASIC comes into play. As I explained earlier, if you wish so spend money buying ASICs from bitmain to get 500 KSol/s hashrate (to gain 50% of VoteCoin network hashrate, which itself means nothing bad in general), you would need to spend around 110 000 USD. Nonetheless, you can go to nicehash.com today and purchase equihash hashing power of 500 Ksol/s for 24 hours for only $1955 as of now. All the "apocalyptic scenarios" you are talking about could already happen now, for cheap, regardless of ASIC. So please ...

-Tom