So you think its okay for the people who run this coin to set up a cloudmining service which they also run and profit from, then change the currency mechanics to offer a higher reward for the people who invest in their service? Your argument is we can all invest in this scheme to enrich the people who run the cloudmining service and the currency at the same time? You see no conlfict of interest in this?
Anyone could have set up the cloudmining project, anyone can take BTC and convert them to DMD. Helmut/Cryptonit set the service up to control a portion of the buy pressure. Providing continued, controlled, and stable buying, remember that word used STABLIZATION. I am fairly certain any profit that is generated is put into more buy pressure and put into the currency stabilization mechanics. The service and buy pressure on DMD are clearly shown, no one argues that point at all. I view the service as a needed resource until the time of more adoption occurs with the coin. Remember the Dev Teams coin ROLL OUT PLAN. It is planly clear your view of the project is from a pure skeptic who wants nothing to do with the project and your risk tolerance is minimal at best assumption. No one should invest $$$ they 100% cannot lose or view as a no return loss. SO you shouldn’t be rewarded and stick with the vanilla plan and continue mining the coin.
Where is the conflict of interest? My interest lays that same as the DEV team. Helmut, and the entire DEV team want the coin to become a success as do ALL OF US WHO MINE, HORDE it and would like to acquire more. Not simply dump it. I am sure Helmut is not going to put himself out on LinkedIn as he has to "sucker people".... I think his intentions are bigger and he appears to want more from the coin.
Like I said earlier, if the cloudmining operators want to give a higher reward for Cloudmining investors they should take it out of their own pockets. Changing the rules of the currency to attract investors because they can is just plain unethical.
Define for me how the rules are changing? POS in a one off special wallet that runs at 200% that is open to everyone and provides incentive to apply buying pressure to the coin. Remember they stated the first round would go to cloudmining investors. WHAT IS THE HARM HERE? Why should the DEV team come out of pocket for this? Who in the community is the reactor hurting? The investors are given a bigger proportion of reward to risk the ones providing the buying pressure. POS coin plan also meets the dev teams time table.
And for the record, I can afford to invest in cloudmining but I choose not to. Its equally interesting to see the ones who support this scheme the most are the ones who invested in Cloudmining and benefit the most.
Key wording in this is YOU CHOOSE NOT TO. But you stomp your feet and cry foul if people who did invest are given priority in a line. Life in general is a collection of choices, If the coin turns out to be a very successful project and everyone here is rewarded by there efforts you will be one of the first people to think back and wish you had done more to generate a better return. GREED IS GOOD.
At the time being though how is the DEV team and all the work they are doing rewarded?
Helmut has been nothing but open and honest about the cloudmining Service. I see DMD hit my wallet on a daily basis from cloudminig. But I also am not as guarded and risk intolerant. Again CHOICE.
These points do not address the issue. Yes, anyone can set up a cloud mining project, but not anyone can set up a cloud mining project and also be responsible for the currency. Again, you are ignoring the clear conflict of interest.
Then you again argue that giving this 200% to cloud mining investors is not an issue because we can all invest in cloud mining, so again I reiterate, you are saying we can all invest in the operations that the guys who run the coin and the cloud mining have set up therefore its fair. What you are arguing is that the 200% is an incentive to invest in cloud mining - to enrich the guys who run the coin and the cloud mining. The reason they should take coins from their own pockets to reward investors is because that somewhat eliminates the conflict of interest.
It seems like you have no concept of conflict of interest. Maybe you should look it up and school yourself on what it is and why its bad.
