OK. You have a PoS coin, and proud about it. Got it. ...and then what? There are tons of PoS coins out in the wild, everybody can catch some 
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.Catch some? What do you mean?
Topic: ASIC resistant - Why not simply Miner resistant? (Read 686 times)
Catch some? What do you mean?
OK. You have a PoS coin, and proud about it. Got it. ...and then what? There are tons of PoS coins out in the wild, everybody can catch some .
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To keep mining in the hands of the ordinary people, there are coins that are ASIC resistant, so to avoid the ownership of Mining to those few that run huge mining farms.
It sounds like a good idea, but it can go a step further.
Why not a Miner resistant coin?
This removes all complication with mining altogether.
There is a problem with Miner resistant coins though and that is there is no real platform for distribution, without simply giving it away and having it on the market with no financial value.
We have created a Miner resistant coin and have been running it since March 2014, with no real issues, except some looping (it regenerated a new batch of coins as the last coin was completed, which Bitcoin will do when the last Bitcoin is mined... It will then generate a complete new 21 million BTC)
We use funds that are received to maintain our network and also pay developers to update wallets and also build new products, plus fund user projects.
We are 100% centralized at the moment, simply because this is a new concept in how Crypto is run, but we have stated since 2014, that the management of the coin will be in the hands of the community, when the community is ready to take it over.
We have already split up development out to a group on the forum and they are funded via the funds we receive as part of our distribution method.
Next groups to be formed is marketing, financial and of course CEO (Community Executive Officer)
Our coin does fly in the face of the current Status Quo, but if you can take the time to realize a Minerless coin is the ultimate next step, then even Etherium doesnt sound so pleasant anymore...
Our forum is at http://rimbit.com/forums/ and we welcome proactive people to join our forum, contribute to the community and possibly be part of the group/s that eventually take over full control of the coin
The concept is proven and has been working for the past 2 years... !
It sounds like a good idea, but it can go a step further.
Why not a Miner resistant coin?
This removes all complication with mining altogether.
There is a problem with Miner resistant coins though and that is there is no real platform for distribution, without simply giving it away and having it on the market with no financial value.
We have created a Miner resistant coin and have been running it since March 2014, with no real issues, except some looping (it regenerated a new batch of coins as the last coin was completed, which Bitcoin will do when the last Bitcoin is mined... It will then generate a complete new 21 million BTC)
We use funds that are received to maintain our network and also pay developers to update wallets and also build new products, plus fund user projects.
We are 100% centralized at the moment, simply because this is a new concept in how Crypto is run, but we have stated since 2014, that the management of the coin will be in the hands of the community, when the community is ready to take it over.
We have already split up development out to a group on the forum and they are funded via the funds we receive as part of our distribution method.
Next groups to be formed is marketing, financial and of course CEO (Community Executive Officer)
Our coin does fly in the face of the current Status Quo, but if you can take the time to realize a Minerless coin is the ultimate next step, then even Etherium doesnt sound so pleasant anymore...
Our forum is at http://rimbit.com/forums/ and we welcome proactive people to join our forum, contribute to the community and possibly be part of the group/s that eventually take over full control of the coin
The concept is proven and has been working for the past 2 years... !
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