You are viewing a single comment's thread from:

RE: CoinMD - Another Cryptocurrency Ponzi Scheme from the Creators of One Coin

in #scams8 years ago

Why make up fake numbers for mining difficulty in a private blockchain? Why would you write code to increase the difficulty when you have a monopoly on writing the blockchain? This makes no sense.

There is no need for miners in this blockchain. A simple app can record transactions in a private ledger. This is conventional accounting. It is not a cryptocurrency by any stretch of the definition.