xeetr2
Old School Player
BlackCoinhttps://bitcointalk.org/index.php?topic=469640.0
The dev invented a coin that had a 1 week PoW mining period followed by 1% PoS only. The coin started dying off because there wasn't really a way to obtain the coin after it was finished in PoW (other than buying it off the exchanges), but then the community invented a new type of multipool that mines other scrypt coins, and then exchanges them for BTC to BC. The miners then get paid in BC, even though they didn't mine BC. This makes the 100% PoS BC available to obtain via to the masses again through indirect PoW work - it can be "mined" again by anyone.
The miners of the pool are effectively "mining BC off the exchange". Given there is little to no coin generation, this idea seems pure genius because one can use their own GPUs to support their investment. And if every single coin that is not returned to market is going to further pressure price upward as the mining pool itself becomes a large constant buy support. And also given the PoS status of this coin, it also 100% ASIC and traditional multipool resistant, forever. The more I think about, the more I see the pure genius at work here.
This, imo, just one upped every single 100% PoS coin out there, as they solved the problem of PoS coin distribution (and even better there was zero premine on this coin *cough* *cough* NXT)
What do you guys think? The coin is still young, and with a market cap at $1 million, could still be in the earlier stages of where it could end up in the long run with such an implementation.
The dev invented a coin that had a 1 week PoW mining period followed by 1% PoS only. The coin started dying off because there wasn't really a way to obtain the coin after it was finished in PoW (other than buying it off the exchanges), but then the community invented a new type of multipool that mines other scrypt coins, and then exchanges them for BTC to BC. The miners then get paid in BC, even though they didn't mine BC. This makes the 100% PoS BC available to obtain via to the masses again through indirect PoW work - it can be "mined" again by anyone.
The miners of the pool are effectively "mining BC off the exchange". Given there is little to no coin generation, this idea seems pure genius because one can use their own GPUs to support their investment. And if every single coin that is not returned to market is going to further pressure price upward as the mining pool itself becomes a large constant buy support. And also given the PoS status of this coin, it also 100% ASIC and traditional multipool resistant, forever. The more I think about, the more I see the pure genius at work here.
This, imo, just one upped every single 100% PoS coin out there, as they solved the problem of PoS coin distribution (and even better there was zero premine on this coin *cough* *cough* NXT)
What do you guys think? The coin is still young, and with a market cap at $1 million, could still be in the earlier stages of where it could end up in the long run with such an implementation.
