Quote from: illodin
1) Release compiled wallets and source at launch
2) People can start solo mining
3) Zero reward for the first 100 blocks
3) It is built into the wallet to not accept more than 500 kh/s during the first 5000 blocks
- obfuscate the limitation in the code a little, so it is not trivial one minute job to remove the limit
- the limit could also be gradually removed instead all at once on 5000th block
- mega farmers will of course try to circumvent this, but at least it will take a little time to setup multiple wallets
4) During the first 5000 blocks pools have enough time to set up, and will automatically start to operate normally after 5000th block
If you choose to take the standard route, expect WTS 10,000,000 for 0.5 BTC offers within 1 hour of the launch and small time miners having 1,000 at that point going ok good bye another coin raped.
2) People can start solo mining
3) Zero reward for the first 100 blocks
3) It is built into the wallet to not accept more than 500 kh/s during the first 5000 blocks
- obfuscate the limitation in the code a little, so it is not trivial one minute job to remove the limit
- the limit could also be gradually removed instead all at once on 5000th block
- mega farmers will of course try to circumvent this, but at least it will take a little time to setup multiple wallets
4) During the first 5000 blocks pools have enough time to set up, and will automatically start to operate normally after 5000th block
If you choose to take the standard route, expect WTS 10,000,000 for 0.5 BTC offers within 1 hour of the launch and small time miners having 1,000 at that point going ok good bye another coin raped.
Why do small time miners need special treatment?
The currency needs special treatment. The more people have it, the more popular it gets, the more valuable it gets. Whales are building bigger and bigger farms, and if this trend continues, PoW in practice will become almost same as all these IPO/pre-invest-premined currencies.
