Hacker News new | ask | show | jobs
by aakilfernandes 3765 days ago
If the difficulty is trivial, there's no point in a blockchain since you can double spend cheaply
1 comments

Then simply hike the difficulty way up afterwards.
Hike the difficulty, how? Hard fork? And even if you could hike difficulty with consensus, then you'd be locking yourself out of mining any new blocks, and your blockchain would stall! An altcoin is not a good solution for the proposed use case.
Then nobody can mine new blocks (not profitable enough).