Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SCRYPT] Klondike Coin ★ 16 coins block / 19mil total ★ 0% Premine [KDC]
by
placebo
on 05/03/2014, 19:25:29 UTC
Before the fork the reward for the proof of work was good, the CoinedUp exchange was liquid with a bit of volatility allowing you to participate on both sides of the market

I agree... I was completely opposed the fork and voiced my opinion several times and here is one of them - http://klondikecoin.com/forum/index.php?topic=7.msg50#msg50 - did not even garner a reply or acknowledgement.

The fork has opened KDC to several vulnerabilities...

An unsecure blockchain is a very real risk with less than 150Mh/s on the network, even a small mining group could take over the coin, fork, make double transactions, merge and there would be little anyone could do about it.

And with low volumes, the coin is very suspectable to market manipulation. 1BTC would take out all the sell order to 5000 or opposite, so now there is no real sense of value upon which to base trade and merchandising.

But what has been done has been done. We either accept or move on.

From a miners point of view the yield of KDC now is better than what is was before the fork. So if you are willing to dribble the coins out over the day or days, KDC is still as profitable as it was before the fork.



Ok, but who want to take over a dying coin??? Smiley