Post
Topic
Board Announcements (Altcoins)
Re: [ANNOUNCE] Tenebrix, a CPU-friendly, GPU-hostile cryptocurrency
by
BitLex
on 29/09/2011, 17:33:52 UTC
the coins never enter the market, or they do by taking used coins off the market.  The laundry is tenebrix's 'killerapp', it's what sets it apart from the other coins.
the laundry might be the killer app, but how could you tell, that the coins/brix never enter the market?
i've changed my mind on this, it's not 1 guy with 7million coins, it's a currency with an equivilent 3 year money supply for a laundry to facilitate anonymous transactions
the problem is, the guy running the laundry could decide to close it, or get some millions out at any given time,
so, no matter what those brix are currently used (or planned to be used) for, as soon as he decides that the market price is right, or too high, or whatever, he can drop the market-price to whatever he wants (nearly zero actually).

of course he can claim that he only wants/plans to do good things,
fact is, he can do whatever he wants.

of course it might be "trivial to check" (like he mentioned in an earlier post) what he did,
fact is, it wont help us in any way to check what he did once he did it, it's too late by then.


@lolcust
don't get me wrong, i really like the idea of a "cpu-exclusive" blockchain and i actually startet mining some myself as soon as i read this thread (and there haven't been any responses).
unfortunately i immediately stopped as soon as i realized that you already own more brix, then the whole community will be able to generate within the next year(s?).
sure, you don't control everything, don't "rule it all", but you rule the very, if not most important part of its price. you can drop that whenever you want to nearly zero.