Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
SnakeEater
on 15/07/2014, 10:58:14 UTC
I learn something new and realize that VTC has been defeated where decentralize on hardware is successful but not on the community usage level.  It does not restrict centralize all coins generated into single few hands.  Now top 2% hold more than 4.5 million VTC out of 6 millions.
http://bitinfocharts.com/top-100-richest-vertcoin-addresses.html

Top 0.2% hold 2 millions which is 33%.

The decentralize of hardware is good but the economy values derived from its use and VTC is a good protocol and any new version of protocol should generate a new network and use exchange to derive the values between the old and new crypto network.

When the miners still mining at a lost, it is not really logical for miners to keep a blind faith to keep mining at a lost.

Price is not my major concern but the widespread adoption and growing network are the most important factors for a crypto network which is beyond developers control.

The daily losses is about $13k USD daily on electricity.