Have you seen the coin's current hash rate? Investors also look at this.
Script Jane is losing miners to more efficient algos. If Bitleu continues in this path, it will become extinct.
Don't like X11? Blake 256 has merged mining (guaranteed miners)
Another idea, destroy most of the premine and thereby reducing it to 250 million instead of 2.5 billion. The coin value will shoot up instantly. Having more of the coins dilutes each coin's value.
Let's not emulate countries that print more money and thereby reducing the value of one's monetary assets.
Script Jane is losing miners to more efficient algos. If Bitleu continues in this path, it will become extinct.
Don't like X11? Blake 256 has merged mining (guaranteed miners)
Another idea, destroy most of the premine and thereby reducing it to 250 million instead of 2.5 billion. The coin value will shoot up instantly. Having more of the coins dilutes each coin's value.
Let's not emulate countries that print more money and thereby reducing the value of one's monetary assets.
Script Jane is not losing miners to more efficient algos. An algo can be only more efficient than an algo that has the same result but doing it in a different way. X11 and scrypt-jane suite of algos are completely different. Mining a coin can be more efficient than others and that is in terms of producing money or in terms of money/electricity consumed. That efficiency is not coming from the algo itself but there are many variables involved: current difficulty/number of miners in the network, value of the coin on the exchanges. . etc.
The premine will not be destroyed. That will not shoot up the value of the coin, because the premine is not listed as a sell wall. If we lower the block reward, that is what will make the coin more scarce in terms of what the miners can be selling on the exchanges. That's when we will be able to sustain a higher value for BTL with only few people coming in everyday.
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