We are not afraid to release our code open source because we believe in transparency, open source design, peer auditing and decentralized systems. This is what made bitcoin good and this is what makes blackcoin good.
Not to mention that, at some point, the technical requirements for actual integration of those new technologies into new or existing 'copy clones' surpasses the abilities of the "devs" involved to reliably implement and maintain them. To me that is an unspoken but very significant value-add in support of holding BC long term. I've seen it in a variety of technologies over the years - sure Microsoft is able to acquire almost any competitor and integrate/rebrand their software as their own... but rarely (if ever) is it as stable, secure, or efficient as it was when it was under the control of the original devs.
How many coins have come begging for rat4 to take a look at their coin, or help them with some problematic aspect of their implementation of his code? How many have been based on a nearly identical implementation - only to go nowhere, or get pumped and die almost immediately? How many have been obvious scams, and how many have been less obvious - but wound up being scams anyway?
The price of BlackCoin will most certainly go higher (and likewise may go even lower as well unfortunately). What the price is on a given day worries me a whole lot less than the possibility that I will wake up to find that the dev has dumped their holdings and run for the hills, or that a secret premine has been discovered wiping out 70-80% of it's value overnight. That's something that many holders of competing clones have experienced first hand! Prices can be manipulated and volatile - and in an unregulated market, they will be - the stability of the platform itself is already better than the majority of the coins out there (including BTC in all honesty).
When you have that kind of stability and innovation - it breeds similar results from other talented developers... and that is exactly what we've been seeing over the past two months. Regardless of whatever price the bots and whales are forcing on the exchanges... some of the best developers in crypto (IMO at least) have been slowly gathering behind us - and even if it takes a year for the get-rich-quick cryptofools to run out of money and patience... eventually we will come out on top, and the price will soon follow.
Absolutely this.
Alt-currencies were supposed to be a proving ground for new ideas, and now all the ideas are being held in closed source, with no community development, no public auditing and these developers should be shamed for these practices. They are all forking a project that was developed completely in the open and it hurts the community to push the closed development that way. It is sad that I have to argue for open source development in a community that is entirely built around an open source project. I would not trust any anonymity code that has not been community audited.
Pavel improves the PoS protocol completely in the open, his entire git history there for everyone to see. You can even see the project was forked from Novacoin. This kind of transparency is what is respected by talented open source developers who want to contribute to cryptocurrency.
eg.
compare BC to any other coin from top 10.
