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Proof-of-work is fine for small crypto. Being ASIC and GPU resistant helps. XVG and Electroneum have been plagued with problems. Other devs point to the poor co
by WhiteOwlLion 8y ago
Proof-of-work is fine for small crypto. Being ASIC and GPU resistant helps. XVG and Electroneum have been plagued with problems. Other devs point to the poor coding, but there doesn't seem to be a recognition by the coin devs that the code changes will actually address the exploit(s).
- mythrwy 8y agoOr they don't really care about addressing the exploits at all. Electroneum raised 10's of millions in ICO for a handful of "devs" and a former Herbalife salesman. I wonder what the real incentive to do the hard work is now? Sure they could dump a few more coins if they could pump price but maybe a lot of money they had to do almost no work for is worth more than a little they do. In this case those pesky hackers taking down their network oh well shit happens may be ok from their perspective. I can't imagine they wouldn't take the basic steps they didn't if it wasn't.