Hi Team,
I Love you all -- this soul searching is exactly what we need right now
I grapple with everything everyone is talking about, from the bag holders (note that Bitcoin had the same "problem") to the creation of a killer app (Apertus isn't quite there, but is close, it needs coders).
This open conversation is much needed -- this is a moment of cross roads. We have what looks like a very strong wallet and now the possibilities are opening for us -- it makes the mind race
My advice is to stay the course. We may have some bag holders, but these are not problems, these are points of stability. If we wanted to crash the market or do something nefarious, it would've already been done. And as Extro points out, the network will be creating many many more Datacoin over the years, new users will be able to mine and buy. These bag holders are better described as first movers/investors, and a starting point to jump-start the network, and hold things steady in tough times, and invest in coders/developer.
Full disclosure --> HugPuddle main wallets addy's are DDEoXWj5vzWPSYuYrq7gXZ2Pr3uLY8TmH6 and D7eCCMDXp8Efwcp2e9AmWo5rq5ep8q5zcb which total just under 900,000 Datacoin (about 2.5%).
We mined when no one else was mining -- we kept Datacoin alive for a very long time. This type of dedication should be rewarded, for not just us, but for everyone that takes risk of their mining gear and money. We are not bag-holders, we are stabilizers. And benevolent ones at that. We have no wish to market manipulate or screw over new comers. In fact, it's one of my buy orders on FreiExchange to get more for archiving reason, AND to steady the market a bit -- not dump on anyone
Note that Bitcoin has the same "problem" but they do not suffer from it -- they benefit from it as these larger holders are the ones putting on conferences, coding, and spending their coin to make the network work. We have coin for archiving, but others are slated to sustain a developer full-time when the market is right. Please recognize this. These bags are for everyone!
Our primary reason for involvement in Datacoin is this --> Cypherpunk Blockchain tech is a candle in a time of darkness. History is constantly re-written. Datacoin is immutable. The People need this. Truth needs this. We at HugPuddle are here to give people tools to tell their story for all of time to see.
Our main site needs work, but please check out the Apertus code
https://github.com/HugPuddle/Apertus It solves the problem that Verionum and gjhiggins describe -- Apertus uses the final transaction ID (the Root ID) as the starting point to extract ANY file from the Datacoin blockchain.
For instance -- I went to Wind River Valley last summer to see the Eclipse -- i took this photo and etched it on Datacoin:
You can view this directly on the Datacoin blockchain by entering the Root ID 615c5a19e660c179fd87ecdb2feca8a95a290a289147076400242837706bab6c into the Apertus browser
Or view it on bitFossil -->
http://bitfossil.org/615c5a19e660c179fd87ecdb2feca8a95a290a289147076400242837706bab6c/index.htmbitFossil is simply a webpage that is pulling data from live blockchains ... they are blockpages
This all needs work -- but note that the problem of how to encode data on Datacoin has been solved by using a Root ID as the master transaction ID.
These are exciting times and I'm so happy to see everyone be so honest and upfront about their feelings and opinions. This is how projects have success -- with honesty.
Datacoin has come a long way -- like a weary sailor on a rough rough sea, we are now about to make landfall <3
Kind Regards,
The DataSea
(aka DatacoinMiner --> aka The AtomSea)