Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
hope this manages to get on an exchange soon. Need more hash
If this is listed on an exchange with a trading API multipools will rape it.
This coin has no protection from multipools.
It is going to be very hard for the devs to follow through with their plan if there is a constant downward pressure on the price.
We need better KGW implementation, some algoritm similar to what DarkCoin has - controlled by Moore's law, extremely efficient, effectively will rule multis out.
I'm also not sure if the KGW implementataion at this point reacts "quick" enough if a multipool jumps of the ship. Will leave the miners stuck the heights of long block times for days. The Hashrate going down from ~300 to >200, the difficulty took more than one day to readjust, not even clear if this adjustment is finished already. But I think things like that can be readjusted later on also.
On the other hand maybe this is just my subjective conception, this graph tells something different, doesn't it?:
http://i59.tinypic.com/1g0hz.jpg
Also what Darkcoin does is an adjustment of the block reward, KGW is on the difficulty, correct me if wrong. And btw - It's not this "moores law thing" what is keeping the multis away at this time but the hashing-algorithm used, right? Aircoin will have other means of adjusting the block reward and this will not be fixed like in darkcoin but can be adjusted on purpose by teamaircoin - correct me if wrong again.
Good spot, you're mostly right.
I believe Dark's algo keeps multis/whale away, with such rapid changes it doesn't make sense to switch, they can rape several blocks max and it's over.
Something as agressive is needed here, otherwise Air traders will have to fight dumpers all the time.
The point i wanted to make (and for this point it doesn't matter which hashing-algo you use):
it's 2 different knobs you can play around with:
1. dynamic difficulty readjustment, KGW being one example
2. dynamic block reward readjustment (like DRK has implemented a dynamic readjustment at a "fixed rate" or HVC pretends to have implemented a dynamic readjustment based on voting - once they get their shit done
)It seems that most people think of this being the same thing somehow and that it has stgh. to do with "keeping multipools away" which simply isn't right or is at least a big oversimplification. Makes me wonder what all those people mining crypto really "learned" while hodling their vanishing-wealth and laughing at typos
And pardon me for this unjust generalization.