I thought Auror coin was a blatant scam with a symbolic gesture to fool unsuspecting crypto buyers/traders to buy the coin while devs dumped a large premine before the so called "airdrop" happens. There was no coordination with the government or even an organization in Iceland ahead of time so it was sololy controlled by the developers. It was a ponzi scheme at best.
So I assume that maze coin is going to be done the same way huh?
So in your completely uneducated backwards thinkingSo I assume that maze coin is going to be done the same way huh?
Which makes sense, if the government of some place wanted to make currency this way does not seem like the way to do it. You would think there would be like 100% premine with maybe proof of share inflation or something like a ripple consensus. Letting people mine in mass does not make for good price control. Most importantly the government of the tribe in this case would would need to control the vast majority of the coins from the get go. Those coins would also have to have a finite number of some sort.
The mining infrastructure is being donated in return for the reward of the coins. Do you have any idea what 7 THps distributed would logistically cost in technical expertise and asic hardware investment. Its a good deal to allow the miners whose hardware is already running to jumpstart the mining of a p2p coin. Were do you think these investors are planing on spending said coins as the businesses who will provide value for the coin start providing unique goods and services in exchange for them. Right back there in the economy of Lakota. This is a great opportunity to prove what the hell bitcoins potential can be inside the USA and the conspiracy crazies are after a ingenious plan that makes good on a promise for a p2p economy in the most realistic manner we could possibly hope for. Give me a break get another hobby already.
That is a large cost but mining power is needed for a premine, the biggest worry of people should be the fact that miners dump most of what the get on exchanges. A large part of what is gotten on exchanges is not used to buy real stuff but to try and increase holding in bitcoins.
I am here to get people to stop wasting money and time on coins that could be manged better, every time there is a pump and dump we lose people who could have been part of the crypto world so a few people can get more money. In my opinion the best way this could have been done is a massive premine so that all or most coins went right into the tribes hand. After which the coins could have been traded off or given to tribe members.
1 why the fuck do you care about the money of people making informed decisions on their own. Are you somehow equipped to know what is better for them with their own fucking money. If you don't want to buy or mine the coin don't, it's simple.
2nd if you have a better plan for the development of a coin all the software code and expertise is open source. Go for it make a ripple copy, or a bitcoin one just don't expect to get the millions and billions of dollars interest from institutions and business people if you don't add some value. From all indications this coin adds more value in a specific quantifiable way than any prior to it. It will be mine and any others risk who decide to mine and buy it in the free market it was placed in. If you are not going to participate other than cry about how it should have been get a fucking life. Go do something positive in the way things actually are or shut the fuck up.
I am just spreading my 2 cents as it were. This coin may make it but I am trying to cation people that there is not much proof of the claims that are being made. Also the price right now is probably a bit high for now.
Just because I do not think that this coin is good right now does not mean I have nothing in anything. I have been in the bitshares since early, I have ultracoins. I even had some of these before I looked into them deeper and thought that it would be better to wait for some real news from the tribe.
