Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC]
by
jackdminer
on 04/04/2014, 19:42:51 UTC


If you don't like this coin, please there is the door... no one needs to listen to these accusation. And you seems to think that a 51% attack is so easy and everyone could pull it off.

Why is a suggestion on block pay or security concerns proof I don't like the coin or an accusation?  Just because I don't agree with you or a majority of coin speculators doesn't mean I dislike this coin.  And I'm not sure what exactly I accused anyone of. 

I'd really like to know how a block reward of 4 coins is some how an ASIC defense, I've been thinking about it and maybe it was the beers last night but I don't get it.

The smaller the total net hash is the easier a coin is to attack, and while it is not the easiest thing to do, having a coin where you could represent 60 or 70% of the total net hash does make it easier. 

The future halving to 4 coins/block is not going to magically create more net hash.  The next halving will only destroy net hash for the same reason house painters don't paint houses for free.  Because house painters and hash providers provide value in exchange for value.

Sure you can mine coinX sell it and buy KDC, but unless you can purchase thousands of KDC a day I don't think you'll be able to raise the coins value to bring the 300 or 400 MH/s you need to have a secure coin when the pay is only 4 or 8 coins per block.