4 ms·
If all he wants is for users to be able to send kudos back and forth, he could make the difficulty trivial, mine a few million/billion coins on a network of 1,
by na85 11y ago
If all he wants is for users to be able to send kudos back and forth, he could make the difficulty trivial, mine a few million/billion coins on a network of 1, and then distribute as he sees fit.
- aakilfernandes 11y agoIf the difficulty is trivial, there's no point in a blockchain since you can double spend cheaply
- na85 11y agoThen simply hike the difficulty way up afterwards.
- zaroth 11y agoHike the difficulty, how? Hard fork? And even if you could hike difficulty with consensus, then you'd be locking yourself out of mining any new blocks, and your blockchain would stall! An altcoin is not a good solution for the proposed use case.
- kolinko 11y agoThen nobody can mine new blocks (not profitable enough).