Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
r0ach
on 05/08/2014, 11:21:29 UTC
LMAO, botnet argument against cryptonote right now are like the 'only used to buy drugs' for Bitcoin several years ago, clever tactic to dismiss the coin by proxy association, but it won't work.

Not even close.  It's an obvious legit issue if it pushes "rational miners" out of the equation.  People already mentioned it requiring 45+ months to break even GPU mining.  If there's little or no incentive to be involved with a coin, distribution goes to crap, bad distribution then obviously leads to bad price.  Everything has a feedback loop in these things.


See you just did it lol, lets all stop mining XMR because it may not be profitable for short-term dump.

Um, you realize that SOMEONE, SOMEWHERE has to mine the coin right?  No miners = no coin.  Disincentivizing against miners is obviously a bad thing.

Miners tend to keep whatever coins they think will increase in value, and sell when they see the coin going sideways or down.  Botnet owners have little of no overhead, so they just dump like mad.  There is absolutely no positive aspect to having botnets on your coin.