Quote from: Hesiod on June 30, 2014, 07:30:34 PM

Quote from: Mastermine on June 30, 2014, 07:13:45 PM

thats a currency flaw not a judgecoin flaw Tongue. This will always be the case. You cant expect a single gpu to make more then 2 or 3 gpu. just doesnt work that way. Same with gold or any other mineable actual objects. Its not like I can go mine enough gold to make money without having millions to invest in the proper equipment first. Any business or investment or opportunity is going to cost money. >>>Money is the root of all evil<<< The design flaw in money is that the rich will always get richer and the poor will always stay poor (Asside from a lucky few).

The comparison with gold makes no sense as the value of crypto-coins come from their wide distribution.

Quote from: Mastermine on June 30, 2014, 07:13:45 PM

Regulating hashrate is impossible as users will just make multiple workers or multiple accounts.. or just make there own pool. in reality though something that limitates miners is going to force them away causing lower rates and lower difficulty meaning lower value.

The Minerals coin actually succeeded quite well in limiting centralized mining, and its network hashrate was 25 GHs instead of 100 GHs for other recent X11 coins. It resulted in a good distribution, a much higher value and large exchange volumes.

Quote from: Mastermine on June 30, 2014, 07:13:45 PM

So really theres no way to regulate hashrate. there never will be. Theres no way to regulate mining so poor people get more its not just possible. Trust me I wish it were I am no whale I literally only have the cryptocurrency I own from mining and thats it (0 dollars I am BROKE DICK POOR today Tongue

). I have accumulated 3 gpu from mining that turned into horrible investments that no longer pay the power bill Sad

.

We all wish for something like this to happen but its just not possible. All we can do is make smart decisions and avoid loose pockets. If judgecoin can avoid loose pockets and gain true supporters theres no reaon even the small guy cant earn a nice chunk. Just hope this gets to be the case

.

The "no regulation" stand also makes no sense. All markets are regulated to avoid cartels such as those appearing in the cryptocurrency mining world.

A high volume for a coin in the exchanges can indicate a good distribution as the coin is being bought and sold... When someone sells it usually means they think the price will not go up at the same time a buyer thinks the price will go up. The only problem with exchanges and distribution of coins is when they are used in pump and dumps. In that case buyers are suckered into buy based on hype then the dump occurs and whales buy up cheap coins.

A lot of coins designed for the short run want a pump so they can sell their coins and get out... then sell out and rinse and repeat.

My goal is a long term project. I will be making a point to limit hype on the coin to realistic expectations. If we discover the cure for cancer believe me I will let everyone know, but short of that the price should be relatively low as the coin has no utility value at the moment and there is no permanent dev identified.