Still the mayority of the network is in same hands, even though you spend 100 € and stake some times in a month.
Due to the way UTOX works, same wallet is staking once and again, somehow it does not look so "secure" if someone can own 1 million GRX and have 10 chains (100K each) staking regurarly (almost each day). I hope you understand what I mean...
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This is exactly what could be improved thanks to low prices.
Yes and no, because those big whales won't sell 50% of what they own if the value is nothing... I mean, if price is low, it wont automatically empty those wallets and go to yours. I would even say the other way around, I wouldn't sell mine at this price. I rather keep them. Is a good moment to buy, not to sell :)
And again, buying is not an easy process, lets be honest, we are just a few would would buy BTC in a site, send to a wallet somehwere else, perform an exchange and send it to GRC wallet....
My personal opinion: Big whales wont sell millions of GRC now. Only the price arises. Meanwhile, they will "own" the network and the staking.
You won't know unless you make the buy order on exchanges, very chicken vs egg scenario
Just go to bottrex and you see there are not really more than 100K (cumulated) grc at a Current price + 10% (all above we can consired useles if none buys)
Well, you can't build a castle in one day.
Difficult process of buying GRC is, from what I see, first and only answer to my question so far. Thanks for posting your honest views.
I would rather do some change to "help" little owners or remove this UTXO way of working so as 1 wallet 1 stake...
Not only in Gridcoin, but nobody in blockchain sphere found a solution to what you (and many others) desire - 1 wallet 1 stake does not solve anything, as whale can create hundreds of separate wallets. You would have to tie a person to the wallet, take passport scans etc and validate. Still someone could use stolen identities or buy identities from homeless etc and play the system.
Most of daily rewards is going towards research and to sign up to the pool and receive rewards you not need any GRC. Little owners are somewhat covered. Now they can also spend a dollar a day to reach a stakable stake within a month or two.
As easy as dont allowing more than 1 wallet staking from same computer / IP (example). Not that hard (still could be "hacked" but at least we tried). How it is now, you dont even need to bother doing anything, just spread your UTOX and you will "own" the network. Nothing left for not big whales. My wallet is doing "nothing" useful from staking point of view. I would rather close it....not good for the network, dont you agree?