Decided to post an additional update today..
Some of us looking on may have reservations about this coin's design in direct regards to vulnerabilities proposed by some members of the forum relating to POS technology. i wish to inform all current investors and potential investors they need not worry about those vulnerabilities with this coin. as all of them have indeed been addressed. i have been aware of all these "theoretical exploits" against POS networks for some time, and I designed this coin with them in mind and a method that 100% defeats the possibility of these exploits being successful. As promised, investors are guaranteed that my direction of design and this project for it's lifetime, will always aim to solve any problems that prop up and protect all of our community and investors. some have already been foreseen and contingency measures are ready to be executed. this is why ive said that it would serve no real profit to anyone to attempt to administer this technology without my knowledge and planning which is for a longterm basis.. initially 24 months. by which time we should have a fully self sustaining network.
ive since involved myself in debate on three threads of concern and our community can follow them here:
low diff/high diff theoretical exploit -
https://bitcointalk.org/index.php?topic=604716.0FUD -
https://bitcointalk.org/index.php?topic=667594.0MORE FUD 51% attack -
https://bitcointalk.org/index.php?topic=674029.0 (greed creates futility)
all of these exploits are only theoretical, yet passed off as factual. however i have taken steps to ensure that they are not even any longer theoretical in my design.
here is my quote from the original OP posted on day 1:
most reading this might be expecting some sort of anti-multipool/megafarm coin. however, the opposite is the case. this coin will welcome large hash.. the more hash the better as usual it will strengthen the network... but without bringing down the value of the coin and without causing a fork. the coin will effectively be immune to both 51% attack..
this is both against hash and POS 51% attack, creating a highly secure and resilient cryptocurrency.
im not sure we should be listening to people who advise us to put our money in the bank anyway!!?? the whole point of the existence of cryptocurrencies being a move away from centralization:
Crypto is all about trust, any bank is 1000 times more trusting..
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just when you thought you'd seen it all.. guess what.. lol