RE: Are you mining KOIN? (UPDATED - WARNING!)
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Nope. Moment people told me they have to pay ETH gas fees to mine I was like HELL NO.
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You are viewing a single comment's thread:
Nope. Moment people told me they have to pay ETH gas fees to mine I was like HELL NO.
It is a big problem with their setup, ETH is a great project killer.
Yeah, even projects that are closer to the Ethereum community are now launching on the xDAI sidechain, like Circles the UBI coin, or on a testnet like Reddit tokens.
I'm skeptical for the same reasons as you, plus this, plus their trust in token vote governance, plus the fact that they started by bullshitting about 'mining' which isn't mining as we know it but only a distribution mechanism.
agreed