are you by any chance from a competing coin ?
No Im not
But the point is that no one, yourself included, has been able to articulate the reason or reasons why this coin is any good.
Do you like this coin?
For what reason?
sorry, its been a long day Today... so why do I like it.. let me be very honest first , I have not read (and I should) cryptonight white paper (just to school myself on the underlying algo) so it is tough for me to know if for example GPU or fPGA or ASIC hardware will eventually mine this..
But on the principle.. is that right now, as of now, eeeeeryone can mine this.. globally around the world and interface is quite simple to anyone that remotely touched a command line.. and I suspect there is great deal of people (20 years ago was less) but not Today..
And there is this *emission curve* on which I wrote before and will quote again because this is what I really like.. it is not about the coin.. its about possibility of having QNC in the hands of many many people...
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QCN achieves smooth and gradual block reward decrease, believe but not certain Satoshi made original decision based on some calculation with Moore's law (increase in hardware advances) our "competition" block rewards decrease substantially faster, what it means people will pile up coins there much much faster and later whoever comes later will fight an uphill battle (no matter how powerful and how many CPU's) in this way QCN achieves steady and wide distribution with approx 18 million coins, so thats good for commerce later (more equal distribution and prevention of clustering of coins in hands of the few..)
our "competition" is clustering coins as we speak, possible Today with taking over CPU data center (this actually happened here in the States multiple times with the primecoin) although not yet as it would reflect in their difficulty level which is not high enough (yet)
and finally, coins will need to start being actually used! or nothing will help.
. hence accent of distribution and commerce, without it.. they will collect dust
in wallets.. this problem is common to the whole landscape of cryptocoins.. be
lieve Quazar will be used and this is very attractive
(used as in buy/sell of goods and service and not just intra-day trading, our "competition" emission is intra day friendly, pile up pump then sell massive quantity (when that almost exponential curve ends and rewards and difficulty is high, price is high. then sell.. this is NOT commerce.. and I dont like it
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