Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine.
by
hamba
on 13/06/2014, 08:17:15 UTC

A few points to the dev that he could address:

  • Do you acknowledge that by deleting workers from pools with only one hour announcement beforehand, besides cutting the big whales which was the purpose, you also damaged a number of small miners which were within the rules but had multiple rigs set to multiple workers?
  • Will you offer any compensation to damaged parties (those whose workers you cut but were below 50 Mh/s)? You'll have 1% of all the coins and this shouldn't be big deal and looking at the pool logs shouldn't make it too dificult to see who to compensate.
  • The big whales are going around this limit by opening multiple accounts, renting rigs, etc. How are you planning (if at all) to stop this?
  • When are the coins going to get of the pool? Do you offer any guarantee or damage compensation if your pool gets hacked and all the coins disappear?
  • People are concerned that this could be another Wecoin. Again, you control all of the coins and have failed to deliver the promise that it will be possible to withdraw the coins from the pools to exchange (i.e. trusted party) on launch but not trade them until POW is over. If relinquishing control of coins which don't belong to you to trusted third party is not possible, you could come with some other solution like putting some sizeable amount of BTC into trusted escrow and if you fail to deliver your promises, that BTC will be distributed according to balances on your pools (which should be made public - also, then the public could decide if the distribution is fair and should they continue supporting this coin). The amount of BTC put in escrow is up for you to decide and then up to people to decide is it enough.