gtfo with this coin, this is not the coin of a community but a selfish individual
for someone that frequents this community - and a currency with a 4 year until halving , how do you explain that?
just give me the technicals ?
Let me explain it to you in simple words:
In Cryptocurrencies you deal with something that is called difficulty. The more people mine, the harder it gets to receive the reward. Still with me?
So if someone launches a totally worthless coin like this one (why worthless? No infrastructure, no plans, no funds, no community) most people won´t mine it > effect is: difficulty stays decent and those few who mine receive large shares of the coin.
Now let´s assume just for coincidence one larger community, let´s call it "Quark" for the moment, is looking for a Merge mining coin, "discovers" this small and unimportant currency and decides that this could be a good opportunity to use it as merge mining coin. A handful of assumeably faithful "Quarkers" present this as a good opportunity and motivate the masses to mine this coin.
What happens is that difficulty goes naturaly up and people receive much smaller shares because the interest is higher.
* * * *
So, those who started early with mining had a huge advantage
but who could know that this would turn into a valuable coin, right?Unless this wasn´t the plan from the very first moment, this looks like a totally fair thing to deal with.
