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.
ok what's the difficulty right now?
guys?
so you are saying that because people don't think its going to be worth anything then it won't be , but it might be because it will have higher difficulty?
I'm not totally following this logic?
i'm 100% sure you understand how cryptocurrency works.
i'm fully open to feedback here, if anyone else that's been involved in crypto in the past?
