Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Tytanowy Janusz
on 23/12/2019, 09:49:07 UTC
Most people, including me can validate 2 nodes easily already, more time and I will have time for 3
I can do that too. If i get easy flips I'm done after 40 seconds but most often i get 1-2 dump flips on which i spend 1 min thinking about the story that is not there or thinking about which story will be chosen by network because both are possible. In most cases those flips do not reach consensus but sometimes consensus is made by 4 users and for such small group everything is possible. Having this extra time allows me to validate every time which won't be possible trying to validate 2 nodes. So I do agree that it is possible to validate 2 nodes in 2 min but not with 100% accurate. After 1-2 validation you will get dump flip and both accounts will be suspended. Then your next validation will look like poptok1's and your node and your stack will be gone.

I agree that the team should burn his premine down to 10-20% they even get rewards from the network for funding, it is only affecting future value IMO as people will never buy if the team can dump and drag the price to 0 at any moment, especialy if they are anonymous the risk is even higher. Because when you read the website they talk about a few whales owning all the coins with ethereum and bitcoin etc. and how Idena is different but this is exactly the same, even worse. After like 10 years their premine will still be 50% of the supply... I think it's better to have only 10% and real value and growth potential than all the cake worth nothing because the market is smarter now and nobody will buy this if they know how huge is the pre-mine. It is also impacting the rate of the network growth as a lot of people don't even care about the free coins when they see this.

+1