BCX, if you spent as much of your energy on constructive criticisms as you do on spreading misinformation, you would be a force worth reckoning with.
I will say no more on the matter. People can decide for themselves who is right.
Topic: Maxcoin decides hard fork equals higher market price (Read 1398 times)
This is the whole problem with current pools, they should all be p2p! I have used other Max pools and don't get half the coins as on 1gh. As a single miner I can't change that. Question is why don't some of the big Hasher's change pools?
There is a maxcoin p2p-pool in the works. The situation is not ideal right now, but bitcoin had the same problems for a long time in it's early days.
As long as 1GH do not use their majority share of the network for nefarious purposes, it poses no threat to MaxCoin. And if they ever did, they would lose their profits from the 3% mining fee they are currently taking, as the hash power would abandon their forked chain in favour of the developers fork. In game theory speak, this is a stable nash equilibrium.
Question is why don't some of the big Hasher's change pools?
Good question. It may be because some of the biggest hashers are people who have an active interest in seeing MAX fail and are trying as hard as they can, perhaps mining at a loss, just to dump the price... and deliberately (and desperately) concentrating their mining power at 1GH to try and convince the community that a 51% attack might occur. This would be the only rational explanation in my opinion. And I suspect it is people like BitcoinExpress who is behind all of this. He has been trying to trash talk MaxCoin since day one.
See this thread for an example of the extent of the propaganda, lies and FUD BitcoinExpress is willing to go to:
https://bitcointalksearch.org/topic/maxcoin-sha-3-not-a-lot-of-411-out-there-553132
From what I hear the Maxcoin Devs actually didn't want to do this.
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
I got lost. Do you mean 1Gh can control the coin as 1GH has >51% net hash power?
Is it also true for HVC, which has the similar situation?
This is what he is trying to IMPLY but it is, as usual with everything BCX claims, complete and utter nonsense.
This is the whole problem with current pools, they should all be p2p! I have used other Max pools and don't get half the coins as on 1gh. As a single miner I can't change that. Question is why don't some of the big Hasher's change pools?
From what I hear the Maxcoin Devs actually didn't want to do this.
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
I got lost. Do you mean 1Gh can control the coin as 1GH has >51% net hash power?
Is it also true for HVC, which has the similar situation?
Maxcoin is going from 250 million coins to 100 million coins:
https://twitter.com/maxcoinproject/status/446670664184127488
Does this mean you just fork whenever you want a higher price?
https://twitter.com/maxcoinproject/status/446670664184127488
Does this mean you just fork whenever you want a higher price?
Looks like pawncoin is doing the same thing, cut the total coins to increase the price...
1. It runs on keccak (SHA-3) so clone of what few coins there are of that algo?
2. it depends on what you think of innovation. I have no really good argument for this, other than the same BS, KGW, etc....
3. Janurary 29, 2014 (ANN thread at least) Is not a long time ago
4. Again, personal opinion.
5. Max Keiser is a news reporter, and has an established reputation. IDk how he is a scammer?
6. Again personal opinion.
7. Please state them.
Perhaps im wrong, but I think maxcoin is a perfectly good coin. The hardfork seems to be appropriate if indeed 1gh has 85% of hash.
2. it depends on what you think of innovation. I have no really good argument for this, other than the same BS, KGW, etc....
3. Janurary 29, 2014 (ANN thread at least) Is not a long time ago
4. Again, personal opinion.
5. Max Keiser is a news reporter, and has an established reputation. IDk how he is a scammer?
6. Again personal opinion.
7. Please state them.
Perhaps im wrong, but I think maxcoin is a perfectly good coin. The hardfork seems to be appropriate if indeed 1gh has 85% of hash.
that's what you get with a completely centralised coin.
just max himself manipulating the gullable via his mcmaxnow api
just max himself manipulating the gullable via his mcmaxnow api
If they're taking notes from RealSolid, perhaps they should also start begging for donations.
They didn't premine any for themselves. 'Begging' from the community as you so eloquently put it, is a HELL of a lot better than hoarding a load of premined coins for themselves. MaxCoin is a pure free market coin.
Maxcoin died a long time ago. Anyone still mining/involved with that crap...goodluck.
The community is regrouping as we speak. You have not heard the last from MaxCoin. Rumours of it's demise are greatly exaggerated.
1) Maxcoin is just a clone
2) Maxcoin offers no innovation
3) Maxcoin was made a long time ago
4) There are 99999999999999999 coins better than Maxcoin, even SwagGucciCoin is better than Maxcoin
5) Maxcoin is run by scammer Max Kesier
6) Maxcoin has a horrible name
7) There are another 99999999999 reasons why Maxcoin is shit and died already.
Maxcoin died a long time ago. Anyone still mining/involved with that crap...goodluck.
If they're taking notes from RealSolid, perhaps they should also start begging for donations.
Didn't the instant 30k USD they made on the "instamine 1 difficulty fair launch" last them not even 3 months?
The developers have hinted that if this doesn't work they will keep forking. It's called "development" according to their twitter feed.
https://twitter.com/maxcoinproject/status/446670664184127488
It appears the maxcoin team has found the holy grail of crypto - how to make the price higher at will. lol
From what I hear the Maxcoin Devs actually didn't want to do this.
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
So ... when the network is being controlled by a 51% entity, the minority of the network can change the rules and attack the consensus.
I love it!
1GH and Maxcoin Devs are working together to control and price fix MAX.
~BCX~
From what I hear the Maxcoin Devs actually didn't want to do this.
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
1GH is forcing the issue as they are more than 80% of the hashing power.
While they are still 80% of the nethash, the overall price has plummeted and hash rate has dropped to less than 15% of peak which means less revenue.
But since Maxcoin belongs to 1GH, it's there's to do with as they please!
~BCX~
So ... when the network is being controlled by a 51% entity, the minority of the network can change the rules and attack the consensus.
I love it!
Maxcoin is going from 250 million coins to 100 million coins:
https://twitter.com/maxcoinproject/status/446670664184127488
Does this mean you just fork whenever you want a higher price?
https://twitter.com/maxcoinproject/status/446670664184127488
Does this mean you just fork whenever you want a higher price?
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