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RE: Flashcoin is a Diamond in the Rough.

in #cryptocurrency7 years ago

So I don't get it, who mines it? There is no miner app on their website, who stores the blockchain if there is no reward (~0.5 flash). How is the database decentralized? Does the dev org solely (majority) mine? What's to stop them from altering the blockchain to suit their need? ("Lord Vitalik" at least has the decentralized blockchain history to contend with - giving us ETC.)

I mean if we're gonna pump this coin for a profit, sure, but let me know before you plan to dump (or better yet, before you even think about dumping.)

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No pump please, they will have nodes. There is no mining. I agree about the decentralization that I why I applauded the implementation of the nodes.

Also curious as to the answers to these questions.