Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
Crypto_EX
on 13/07/2014, 01:28:06 UTC
http://wafflepool.com/stats  350 MH/S
https://www.multipool.us/index.php   70 MH/S

Multipools are still dumping.


Yes and according to some it could be fixed by halving the block reward.

Why it won't work: 2 hypothesis (for the demonstration we will assume that the price drop is caused by the amount of coins being dumped)

*The halving increase the price
-Less coins will be mined, but those coins will be worth more
--> No effect at all, the dumping of the newly mined coins will make the price drop like it is doing now

*The halving doesn't increase the price
-Less coins will be mined but the price will remain stable
--> mining will no longer be profitable for anyone and the coin will die.

Ok, so just make the coin POS and problem solved.

Better yet, Get some exposure for this coin!

yes pure pos lol that sure won't make this coin a copy of a ton of other pos only shitcoins with no difference at all and drive the price down to zero, vtc was made to be uniqe , keep the mining going for the average joe and distribute the wealth evenly on a large user base i.e every gamer/pc user not the consolidated mining with big time companies that we are having now with btc/ltc , also innovate new features like sx and eventually be 3rd to bitcoin and litecoin .... through innovation not through cheating and tweaking the block chain for momentary gains then poof everything is gone because of the bad reputation the coin will gain from screwing with the block chain in such ways you and others are suggesting !

pure pos throws the very idea behind this very coin in the gutter and makes it lose it's "soul" period