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    Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761749 times)
    bitdraw
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    November 27, 2013, 07:02:30 PM
     #321

    je support the "miners" who is basically the one who is super rich already anyways. this whole concept is so flawed ...

    Imagine there are only 2 miners, Alice with 9M coins and Bob with 1M.
    If we have 10 blocks each with 0.1M fee then Alice gets 0.9M and Bob gets 0.1M.
    Alice gets +10% and Bob gets +10%.

    Could u explain where u see a flaw there?


    in theory this is true, but the problem is most miners die before they see their 10% gain.

    you would need a global pool where all ppl mine and the payout from every blocks transaction fees is divided among all of them according to their %capital of the total capital.

    otherwise this doesnt work in "reality"


    edit: dont want to make Nxt look bad, but constructively point out "weak" points. i dont even talk about the whole "50ppl own everything and sell it for so much higher than what they paid for" thing Tongue
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