You are viewing a single comment's thread from:
RE: Why I Foresee Manna As A Core Currency Down The Road
Sometimes I get a bit worried about Manna because it uses the same hashing algorithm as bitcoin. Basically any big tech-savvy Bitcoin miner could attack Manna and start double-spending.
Also, if there are too many people trying to spend the coin but no one is buying the price will stay dirt cheap.
That being said I have high hopes for it as well.
Some excellent points, @edicted, thank you for sharing them! What I most would love to see discussed, brainstormed and implemented are some ways that these potential security holes could be plugged or alternative systems within Manna could be put in place. Do you have any ideas? Does anyone?
manna might have to think about switching hashing algorithms or even moving to proof of stake. with proof of stake they would have full control because they pre-mined 10 billion coins and there are only 43 million in circulation.
they could also pay miners more to decentralize... but bitcoin has shown us the more valuable a coin is the more centralized it becomes.
Some great ideas. Now to just send them on to Mannabase! ;)