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RE: Gridcoin Issue Breakdown: "Wealth" Disparity

in #beyondbitcoin7 years ago (edited)

Well researched, and a good read.

I very strongly disagree with scaling the POR pool based on the number of active CPIDs, for several reasons:

  • It encourages people to cheat the POR pool by running many noob CPIDs with very low mag. I could earn more running 100 CPIDs on 100 machines than having them all fixed to one account.

  • It will prevent, or at least discourage or slow, the value of every coin. Price is proportional to mining cost and difficulty.

  • This effectively would undermine the people who have invested into the system so far, as they will have their investment thinned. Full disclosure, I have 'only' 9000 coins so do not count myself among said investors.

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You're not wrong with anything you're saying here. I genuinely prefer the theory that "the price of Gridcoin will rise when we have more miners, thus offsetting the fact that each miner receives fewer coins." I've just been told that that theory doesn't always hold weight so I'm at least open to the idea that maybe there needs to be a way to balance things out at some point.

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