Post
Topic
Board Announcements (Altcoins)
Re: [ANN][WEB]Webchain⚡️CPU mining⚡️DApps via Websites and IoTNo ICO or ASIC
by
webchain-network
on 30/05/2018, 11:14:48 UTC
This is the solution in my opinion. As it stands they control the absolute majority of hashrate and as a result gain the most from pool operation. When you consider the default fee is 5% (which can be lowered to 1%) in addition to the pre-mine of 20%, nothing is really decentralized. If people are OK with that (and it looks like they are by the participation of the official pool) then I guess nothing will change.

Its a bit of a conflict of interest in my opinion.

we will not push towards centralization. please give this coin some time for decentralization to happen. As of right now, we are the only party involved in this coin that can effectively defend towards huge DDoS attacks on pools that happened.

we had over 50Gbps attacks on our pool and community pools. with just 3-4 or even 5 community pools usually all set on simple VPS servers, how can community defend towards such serious attacks? Someone invested serious money to take down all pools.

Attack didn't stop at all, we simply configured so many servers to handle them and our pool was up even though 50Gbps was still being sent towards us. (At the beginning we cut the traffic, but then attackers started simulating real miners so it was impossible to distinguish them easly from real ones).

Right now our pool is set on 20 servers and if we will have to, we will set it on 50 or 100. community cannot at the beginning handle pool operations and DDoS mitigation in a way we can *BUT* it will change in future, I promise you that. This coin will not stay centralized.