A New Crypto Playbook: Taking a Seat at the Table 🪑
In the often collaborative, sometimes contentious world of cryptocurrency, a new project is emerging from Texas with a strategy so audacious it borders on hostile. Forget asking for partnerships, buying influence, or begging for a seat at the table. Their plan is simple and brutal: they’re just going to take it. How? By taking your blocks.
Imagine a playground full of children, each building with their own set of blocks. A new group arrives, says nothing, and simply takes 5% of everyone's blocks. The kids are confused but continue playing. Then, the group comes back and takes another 5%. This analogy, though jarring, is precisely the philosophy driving this new venture.
“How many more times do you need us to take your blocks before you pay attention to us and take us seriously?” This is not a plea for friendship; it's a declaration of intent.
“We're not asking for permission to be your friend. We're not asking for you to take us seriously. We're going to claim our own seat at your table. We're not buying our way in. We're not begging. We're just going to take it.”
The Technical Takedown: A 100 Megahash Statement ⛏️
The engine behind this aggressive strategy is a planned 100 million megahash mine. With this significant hashing power, the project intends to merge-mine established coins like Litecoin (LTC) and, eventually, Dogecoin (DOGE). Merge-mining allows miners to use their computational work to secure multiple blockchains simultaneously. In this case, they will mine their native Texitcoin while also processing and winning blocks on the Litecoin and Doge networks.
The initial impact is calculated to be a takeover of 5-6% of the entire block output of these established networks. The project leaders are betting that a consistent, multi-percent drain on a network's block rewards, originating from a single entity, cannot be ignored for long.
Escalation and Asymmetry: Phase Three and Beyond 📈
This initial 5% is just the opening salvo. The roadmap includes a 'Phase Three' involving 'cross-mining'—a process designed to double their impact, taking their share of the network up to a staggering 10%.
The Game Plan: A Phased Approach
- Phase 1: Launch a 100 MH/s mining operation.
- Phase 2: Merge-mine Litecoin & Doge, capturing ~5-6% of their blocks.
- Phase 3: Implement 'cross-mining' to escalate the take to 10% of their blocks.
Crucially, they claim this is a one-way street: “We can take yours, but you can't take ours.” This implies their own blockchain is secured by a different mechanism, making it immune to a retaliatory takeover from the networks they target. It's a calculated power play designed to force giants like Litecoin and Dogecoin to not only acknowledge but respect their presence.
A New Era of Crypto Darwinism? 🐺
This project is tearing up the traditional crypto growth playbook. Instead of fostering community goodwill, they are manufacturing influence through raw computational power. They will be known not by their whitepaper or their partnerships, but by the blocks they take. It’s an unapologetic, confrontational approach that will undoubtedly make waves. Whether it earns them a permanent seat at the table or makes them a permanent target remains to be seen.