The thing is, I could already have cashed in bigger on Maxcoin. Much bigger. I didn't know enough about AWS back then.
And I shouldn't have open sourced the miner the hour before the launch. I should have mined for 2 days on hundreds or thousands of GPU instances and only then open sourced it. Instant millionnaire.
And I shouldn't have open sourced the miner the hour before the launch. I should have mined for 2 days on hundreds or thousands of GPU instances and only then open sourced it. Instant millionnaire.
Christian, I'm not out to bash anyone that puts in the work to get an advantage over the rest of the crowd, and I certainly respect your well deserved profits. But I have been trying for some time now, to explain how 'destructive' is the process of a closed source miner taking the majority of new coins for any currency (and worse as it remains private).
The sole reason that I stay as far away from BBR as I can, is that I trust that you are making most of the blocks. From an economical standpoint, it makes absolutely no sense for me to invest in a coin that is mostly owned (or mostly generated) by a single individual or a small group of 'privileged actors'. This should be fairly obvious to anyone that's been around for a few alt's that have come and gone carrying the flag of 'the next big thing'.
Again my recommendation of a few days back: mine the heck of it for a couple of days (whatever you find reasonable), then hold the stash, and release the miner to the public. This will eventually drive a greater adoption rate, allow for a lot more people to become invested and become interested parties in that currency, and promote community growth as others try to improve on your work, fork it, etc... If the coin has merits, it will sustain greater difficulty, and with it, higher value (long term). As it is right now, you are the strongest single force driving BBR down (inadvertently or not).
Do as you will, I wish you the best of luck either way!
They are just jealous they can't do the same i guess ... Why blame Christian and his team for doing what they do? Mostly everyone would do it if they were part of it..
And i don't see how they are threatening the coin .. if the miner was out in the wild instead of a couple of high hashrate miner there would be tons of them which would more than likely drive the price down
for anything on the same tech or almost.. Kinda like what happened to HVC as soon as the gpu miner went out.
And i don't see how they are threatening the coin .. if the miner was out in the wild instead of a couple of high hashrate miner there would be tons of them which would more than likely drive the price down
for anything on the same tech or almost.. Kinda like what happened to HVC as soon as the gpu miner went out.
This makes no sense at all. Fun fact: HVC's most highly advertised technical merit, was that it would be CPU-only, so yes, a GPU miner took it down in value. Once a GPU miner was available, HVC was down to virtually 'no merits' at all to carry it forward. This bares no resemblance whatsoever with the debate here over closed vs open source.
How they are threatening the coin: Anyone buying BBR now, is in no small part, just sending money over to Christian's pockets (though not his alone, I'm sure). Do you think that's a sustainable currency?
Cheers,
~ Myagui
