Quote from: Xephan on August 17, 2011, 04:03:24 PM

Quote from: Man From The Future on August 17, 2011, 03:50:08 PM

Quote from: Xephan on August 17, 2011, 03:06:37 PM

Quote from: Explodicle on August 17, 2011, 02:52:09 PM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

It does the opposite actually. By counting down, it enabled those with massive hashrate to take advantage of their hashing power to grab majority of those coins without leaving a small window for the smaller players to get some and therefore spread it out.

Which is fair. they have hashing power, they get more coins...

But that contradicts his belief that it helps smooth out the original distribution Cheesy

And while it might sound fair that more hash power = more coins, the way bitcoin works, at low difficulties it means just significantly more hash power = most if not all the coins. Not exactly fair Wink

How can future cryptocurrencies avoid this problem? Either it's a secret like Ixcoin or public like I0coin, right? I'd rather professional miners get this advantage than whoever coded it and his buddies.