Think about a cryptocurrency in the market is 1 billion units and its price is going well. Then this curency's miners have the right to drive more 500 million mine-owned currencies to the market and they can effect prices as they wish.
For a whole digital currency, the entire amount of money will be healthier as it will continue to be over the entire supply and demand balance. Of course, what I am saying is that for the currencies that have presented all of the currency to the market and haven't kept any part of it.
Topic: Are the "not minable" coins like Ripple, Cardano, NEO, IOTA not the good coins? (Read 158 times)
February 12, 2018, 06:48:22 AM
February 12, 2018, 02:06:35 AM
Ripple is a typical BankCoin and XRP is "pre-mined". Ripple has no mining or miners whatsoever. Instead, transactions are powered through a “centralized” blockchain, the key word being, “centralized”
A "Good" crypto currency are not pre-mined and has a decentralized Blockchain and no central authority. Bitcoin and Litecoin is good, but Ethereum was pre-mined to line the pockets of a bunch of founders, making them filthy rich.
Can you spot the difference?
A "Good" crypto currency are not pre-mined and has a decentralized Blockchain and no central authority. Bitcoin and Litecoin is good, but Ethereum was pre-mined to line the pockets of a bunch of founders, making them filthy rich.
Can you spot the difference?
Agree but even ethereum has a large POW mining phase.
these others he mentions are far worse with no mining and all premined
February 12, 2018, 02:04:00 AM
Ripple is a typical BankCoin and XRP is "pre-mined". Ripple has no mining or miners whatsoever. Instead, transactions are powered through a “centralized” blockchain, the key word being, “centralized”
A "Good" crypto currency are not pre-mined and has a decentralized Blockchain and no central authority. Bitcoin and Litecoin is good, but Ethereum was pre-mined to line the pockets of a bunch of founders, making them filthy rich.
Can you spot the difference?
A "Good" crypto currency are not pre-mined and has a decentralized Blockchain and no central authority. Bitcoin and Litecoin is good, but Ethereum was pre-mined to line the pockets of a bunch of founders, making them filthy rich.
Can you spot the difference?
February 12, 2018, 02:03:17 AM
the not minable ones are mostly narrowly distributed schemes which are very easy to make appear to have huge caps
its not really minable vs non minable its narrow distributed vs widely distributed. Not all mined coins are widely distributed.
Of course non minable coins are never able to be trustless decentralised projects.
its not really minable vs non minable its narrow distributed vs widely distributed. Not all mined coins are widely distributed.
Of course non minable coins are never able to be trustless decentralised projects.
February 12, 2018, 12:38:50 AM
I look on the coinmarketcap.com and see many "not minable" coins like Ripple, Cardano, NEO, IOTA having the large market caps. Can the software programmers of these coins just re-write their codes to create more coins out of the thin air? Are the coins like Bitcoin, Ethereum, and Litecoin with proof of work to be considered as the good coins?
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