Post
Topic
Board Altcoin Discussion
Re: TAUCoin “Proof of Transaction” - features debate and bounty for 12 months
by
zityx23
on 25/10/2018, 15:35:22 UTC
TAUcoin debate daily topic 10/25/2018

Continuation of reward clipping discussion. Do you think it is fair for a user to gain profit from making transactions? For example, without reward clipping, one can send transactions between his own addresses to increase mining power. This could be profitable if future transaction volume is greater than current.

No it isn't. Imagine if there is no limitation such as reward clipping, many users will abuse it cause they know that the more transactions increase the more mining power. I think the transaction should be in place such as peer to peer or more to say in a natural way not by doing this. 

This is the first school of thinking, and what I prefer. Making transactions solely for the purpose of profit should be stopped.

Think of a start-up where one creates an app/website that requires the use of "HIS" TAU address over and over again as payments, he then, can subdue the system by generating multiple transactions solely for DUAL purposes: 1. to earn from his app/website and 2. for block rewards system. "Transaction for profit" can happen whichever ways whether fake or start-up as this serves the coins' purpose, Proof of Transaction. OR do you mean to tell that only those who have start-ups can abuse the reward blocking mechanism?