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    Author Topic: List of all cryptocoins  (Read 833245 times)
    akumaburn
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    December 05, 2013, 02:48:07 AM
     #781

    So long as you stop being biased against GLD for no good reason. There was no instamine, it was set out to have superblocks at the start to make it fairer for day 1 miners as other coins had linear growth but ignored the fact that their difficulties were not growing linearly.

    I know plenty of people who had nothing to do with the original team that got some of those coins.

    Where the hell did you even get the 3.2% number from. Seriously it's about as erroneous as you could get.

    And how exactly is it determined who gets into what category?

    Will you be making the unilateral decisions here?
    How much of MicroGuy's koolaid did you drink to actually think super blocks are fair?

    None.. but while we're on the subject,

    How many shitcoins did you make before you thought yourself an expert on anything?

    I will say this again,

    Other coins that did not have superblocks at the start had an unfair start.
    This becomes apparent when you think of the initial difficulty of the coins.
    As when the difficulty was really low it was easy to gather tons of coins but as more and more people started mining the difficulty went up and lowered the amount of coins/per hour/per person to a level that makes their initial distribution completely unfair.

    Unlike in GLD where we had superblocks for ~2 months straight.

    There was plenty of time to "get in".

    Take a look at Feathercoin's first 96 hours:

    http://cryptometer.org/feathercoin_96_hour_charts.html

    In the first 12 hours the difficulty the difficulty grew 10,000 fold...

    And there were 2.461M feathercoins produced.

    But only 741K of those were produced at a difficulty where the distribution of the coins was fair for early adopters.(In otherwords only 741 thousand of those coins didn't favor those with large mining farms, every other coin produced had a minute share going to the little guy)

    So one could say that ~30% of the initially mined feathercoins were distributed evenly amongst the people. The other 70% went straight into the pockets of those with big mining rigs/farms.

    Compare that to Goldcoin

    http://cryptometer.org/goldcoin_96_hour_charts.html

    In the first 12 hours the difficulty remained constant,

    And there were 3.138M GoldCoins produced.

    Thus 100% of the initially mined GoldCoins were available to mine fairly, even if you want to make the argument that the "newbie" section release was unfair that still only accounts for 36% of the coins.

    At least 64%(probably more) of the initially minted GoldCoins were distributed evenly to both big and small miners alike.


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