@kiklo
There is nor will there ever be a fair system.
I seen a science show that outlined the scientific mathematical formula that was found
There is an algo or mathematical equation to Money.
IT ALWAYS ENDS UP BELONGING TO THE RICH
The algo i think was like steam from heated water.
The money flow up's and ends up in the rich peoples hands..
This is witnessed in every aspect of humanity in our entire history in every civilization.
This is a FACT !
So that does in fact apply to crypto.. YOU WILL BE PARTED WITH YOUR MONEY IF YOU KEEP TRADING.
Stats right now show the Distribution of money crystal clear.. Google it !
Why am i saying this to YOU ?
Proof of work..
The desire to "game" the system for an advantage is and always will be present.
Satoshi came up with the BEST way to solve this problem so far.
What came later is not an improvement (IPO's or IPO's+ POS)
That is regression and a massive step backwards from the fundamental equality of POW.
When CPU miners were out for Prime Coin or Quark all guys did is go an rent CPU server farms.
So far we are not working on the problems that NEED to be addressed.. such as Distribution.
Launching an IPO then meddling with it after the fact is no proper solution
and ends up being worse that what Satoshi set up for us.
And lets make this perfectly clear here boys & girls..Just because you WANT to keep launching thousands of new coins (instead of working on an existing one)
AND you can't think of a better way to make the Initial distribution work
doesn't mean you all should just say fuck it.. let's launch an IPO.
Get it ?
You guys are saying we -HAVE- to make another coin see we have no choice..
Actually you do have a choice.. don't make another coin until you can improve on POW !
And NO you don't NEED to make another coin either. (no meaningful new feature was ever made)
All of you want another coin so you can work on it and quit your day job.
A product or service's existence SHOULD hinge entirely on it's NEED !
There is no reason to provide a solution to a problem that does not exist.
Further more i have made many points today on why IPO's are bad but here is yet ANOTHER one..They were added here with techno jargon like "White Paper" trying to use pro stock terms.
When that Stock market traders got wind of crypto they brought that bullshit with them here.
Only problem is.. it does not apply to Crypto.
You all can't keep crying some altcoin is like a stock.
The point of these are suppose to be a currency not a stock.
If the currency is a failure (no adoption / usage) then it winds up being a digital pyramid scheme !
Most of you prob were not even alive when the infamous water filter scam was going around in the 80's
I was and remember it clearly.. most of you are kids that know sweet fuck all but come here and run your mouth.
Unless you did research like i have on Pyramid / Ponzi schemes then you don't know anything about them.
If all you know about them is from learning here your an ignorant Crypto trader.
Leave the Bitcointalk scam bubble and get educated in the REAL WORLD !
And after that last paragraph i still did not make my planned point (i found another one while typing LOL)
Which is..
IPO / ICO coins can not be legit or even considered more secure or less exploitable because of one real simple fact.
This is NOT the stock market !This is a FREE MARKET ..with NO laws.
I should not have to explain that further it speaks for itself..
Do you cheerleaders here grasp how many players in crypto running coins or exchanges or pump groups or forums etc
Would be in jail if we had the same laws as the Stock exchange ?
Martha Stewart an old lady that baked pies on TV did jail time for "Insider Trading"
Now imagine how many guys here deserve to be in jail !
An IPO is sketchy and often sleazy enough as it is in the REAL stock market
..then take away the laws that are applied by the SEC and the FBI etc and what do we have ?
Bitcointalk Scam IPO central
There is a reason why the SEC issued a warning about Crypto coins calling them scams.. 90% are !
I was doing research early this year when i stumbled onto their press release by accident (same day it was posted)
I then posted it in the Bitcoin section where everyone said it was good news AHAHHAHAHHA
It even mentioned an unnamed forum which was totally obvious they meant Bitcointalk.
Read it yourselves..
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf (Issued Jan 4th 2016)
EDIT:
TPTB_need_war
I feel your frustration and i doubt we agree on all things either but i would rather
have us all talk like adults and work on it over time than have childish trolling.
I see the conflict as a method of us all refining the crypto scene over time..
Each input from all of you collectively makes it what it is.
And having some of the smarter guys leave is a loss for us collectively.
@TPTB_need_war, whether i agree with you on stuff or not i KNOW you are very smart and hope you stay