Man I hate repeating myself. Do the math. I have shown in previous posts if topcoin has the market cap of DOGE at 1 coin per block it can only sustain 800kh/s. Anyone can 51% it if they wanted
Its not really about the market cap in this situation, because the amount of new coins that will be getting minted is almost none.
Also this is a experimental coin to see what really will happen. Most cryptos eventually will be reduced to 1 or less. We are just speeding up the process.
My personal view is that it will be fine, and the price will go up enough to still give a return to those who remain mining.
A coworker and I was talking about this today, questioning why the quick halving and concluded it was an experiment to see what happens to a coin once 1. The payouts are extremely low after most of the coins have been mined OR 2. The coin is completely mined. Thanks for confirming our conclusion. I have only been in the cryptocurrency arena for 3 months, but it is interesting how cryptocurrency is suppose to be this decentralized, anonymous method of performing transactions, etc etc and everyone talks so badly about "fiat currency", BUT in order to "get rich" you must convert your cryptocurrency(for the most part) into a "fiat currency". Am I the only one who sees something wrong with that logic?
Anywho...I mined for 2 days, got MILLIONs of coins and well, sold some, bought some cheap, sold them again and waiting. I still have MILLIONs and will wait to see how this plays out. As an experiment, I think the Dev should stand his ground and let it play out as well. As he mentioned, it will be a learning lesson for all cryptocurrency.