Search content
Sort by

Showing 2 of 2 results by the0neyes
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Raptoreum - POW (GhostRider) | ASIC And FPGA Resistant | Mainnet Is Live
by
the0neyes
on 14/03/2021, 01:00:18 UTC
Raptoreum has well documented papers from the developers and the most promising initial launch I have seen so far in 2021.
But I have seen a general lack of understanding in a lot of hype on discord so I think a summary here would be helpful for others.

Raptoreum has a maximum coin supply of almost 21 billion .
It is important to take into consideration how exchanges are structured with trade in BTC where as the minimum trade value is usually 1 Satoshi.
That means the minimum estimated market cap would artificially have a minimum as it is unable to devalue further having a difficult time being traded below 1 Satoshi.

Currently there are 45 masternodes online, earning an estimated 16 000 RTM per day per node ( aprox 49 USD @ 5 satoshi).
From my experience initial OTC trades was done at 20 satoshi and currently down at 3-5 satoshi OTC.

Even with a very generous assumption that 1 person only has 1 wallet address the current wealth distribution i very unhealthy:
The top 0.33 % (55 unique) currently owns 72% of the circulating Supply.
I think it would be fair to assume that the real wealth distribution is even worse as 45/55 in top 0.33% is not used for anything other than collateral with rewards going elsewhere.

It is my fear that master node owners could be attempting to intentionally drain the initial coin supply from market to keep their dominance seeing as I still think 1-5 satoshis is a bit overvalued.
It is my view that the developers are acting with good intentions and the participation and support on Discord has been above and beyond.

Currently this is one of the most profitable CPU only minable coin, assuming you find a buyer.
It is an inevitable fact that early adopters will reap greater rewards and I think there are good plans on how to limit this later in its lifecycle

-the0neyes





Post
Topic
Board Announcements (Altcoins)
Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools
by
the0neyes
on 04/03/2021, 16:19:03 UTC
Why is this software trying to access all.mainnet.fortdisco.net ?
Fort Disco is a known old windows botnet, https://www.zdnet.com/article/fort-disco-the-new-brute-force-botnet/

-Passord is input in clear text and none of the functions seems to be working as far as I can see.
- Discord is dead with only 1-2 fans and spam

I would advice extreme caution on this software until a satisfactory response or explanation has been provided.