I remember Freicoin, and I remember spending quite a while trying to figure out the logic of some long word he used to explain something about interest rates and a fair distribution of money based on something confusing about the working class or something. I respect somebody who has political beliefs but it seemed to be a well intentioned shitcoin. The rest of your first paragraph says what I said while claiming to refute it.
tbh, I don't find this kind of btc convo at all rewarding. You say you struggled with the concept of demurrage (
https://en.wikipedia.org/wiki/Demurrage_%28currency%29) and how it pertains to Freicoin (
http://freico.in/), I can't really help you there other than to suggest that perhaps you might refrain from ungrounded opining (either disparagingly or encouragingly) on things that you don't understand..
Freiexchange was created to unload or create liquidity for bags.
Your negative attitude epitomises the point I made about operating a cryptocurrency exchange being a thankless effort. The technical aspects of operating a cryptocurrency exchange are most unlikely to interest someone with technical skills, rather the opposite. It'd basically be a labour of love, maintained in the face of countless kneejerk disparagements from people with very little skin in the game.
As far as definition of good coin vs shitcoin.
A very high quality coin will have a very slow emission with no premine, ico etc, it should be a productive algorithm that does something with its hashing power, etc.
Your rephrasing of my challenge casually elided the key aspect - a
practical definition. Unfortunately, "productive" and "does something with its hashing power" are dismally vague failures in that respect.
Some few coins attract a completely different type of person. A lot of people mine gap coin because they feel like it is accomplishing something. Lots of people lent their computers to BOINC and similar projects before Gridcoin, and getting that coin to sell isn’t their main motive.
Those are confident statements but unfortunately are either based on zero evidence or fly in the face of any existing evidence (Gapcoin has 17 known nodes according to chainz, out of that slight population, where'd you get the idea that "a lot of people mine gap coin"? I'm disinclined to devote effort to disabusing you of your misperceptions and ungrounded opinions because you don't seem to have put in any significant effort in forming them.
As for your being sorry you have to tell me my notions about ai are fanciful, are you able to articulate something specific? I get that you are trying to minimize or counter my statements about ai, but if you actually do have a better knowledge on the subject then try to put into words what it is you disagree with.
Your ungrounded opinion is too unformed to merit or facilitate any more specific rebuttal. There isn't much one can sensibly respond to such hand-waviness as "Once ai science coins developed which produced a valuable commodity i.e., math or science discovery," Your statements clearly advertise that you have little or no knowledge of the underpinning "ai" technology being touted so you are unfortunately in the position of basically shilling for the next generation of shitcoins, ironic as that may seem.
I have no idea what all the options are but I’m sure a lot of technical people could figure it out.
Nor do you have any idea of how much work is involved in that figuring out, yet that doesn't seem to inhibit you from pontificating on how it'd be a good thing. Take the hint - it's not
quite the no-brainer that it might seem.
One last point about ‘decent coins’ vs ‘shit coins’, then I’ll drop this as there doesn’t seem to be interest.
Promises, promises
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But yes, let's call it a day, it's not exactly a productive discussion.
Cheers
Graham