Topic: [ANN][LIBERTYCOIN][XLB] v1.0.3.0 | X11 | 100% POS | No IPO | No Premine | - page 30. (Read 359881 times)

I'm not sure that came across properly, I'll try again!  The 1% thing was just a starting point for discussion.

What I was trying to say was that if the initial distribution is fairer, then the acquisition can develop over time, but at a much slower rate than it does now.  The wealth acquisition and the potential for manipulation right now is out of control, and the rich get richer, the poor get poorer.  The solo miner is disenfranchised.

When that initial distribution favours only a few, then they will be in control of the coins and in a position to potentially manipulate the market to their advantage.  This is the current state of cryptos and a lot of the problems surrounding P&D, hype & FUD.

I can see 3 possible solutions for the future :-

1) Create a new mechanism that distributes coins more fairly and evenly across many, many more miners so that market manipulation is drastically reduced - at least at the launch - and large-scale wealth hoarding becomes more difficult.

2) Take the current coin distribution and re-allocate it more fairly and go forward from there with much more people actively involved.

3) Rebrand Libertycoin and drop the concept of Liberty and remain the same as every other coin.

I can't see a way where Liberty can exist when the coins are controlled by a ruling Aristocracy of a few wealthy owners.

The two are diametrically opposite to each other, you can't have both at the same time, within the same system.

It's one or the other.  

Only solutions 1 & 2, or variations thereof, can release control so that Liberty can evolve.

There will always be the urge to acquire more wealth.  That is human nature.

In a marathon race, there are always fast runners, charity runners, people dressed as lions, olympic gold medalists.

However, they all start from the same start line and they run the same race, regardless of where they end up once the marathon is under way.  At the beginning, everyone has an equal starting position.

It's not really fair if someone jumps into a car to get to the end (ASIC), someone else takes shortcuts (pre-mine) or people throw rocks into the road  to stop the runners at the back from moving forward (DDoS).

It needs to be a level playing field from the outset, to give everyone the same chance, and the current state of cryptos is not.

What is likely to happen is the name stays as Libertycoin, the concept of Liberty is ignored or oversold, the coin distribution remains asis and it will be lost amongst the other cryptos without the innovation it requires to evolve.

Aceric boomslang....why dont you just develop your own coin? You do realize that you are free to build your coin as u see fit... just as the xlb dev did.
Then u can build it to suit u and others will bitch and complain and drive ur coin into oblivion..

I dont agree with restrictions on ownership.  Coins can get redistributed over time because anyone can buy them at any time.  There is no way to fairly distribute coins, it is the nature of the crypto beast.

If everything goes well, as more people buy the coins, the price will rise, and the coins will be redistributed to the buyers.

See Emilio, we can all find constructive common ground related to Libertycoin.

^^this

This coin definitely has huge potential with its name and the number of people watching it.  Iconic's pump-and-dump only hurt the coin temporarily.  If we can deliver on features, the number of people he made aware of it is actually a benefit.  If we can implement anon, that would be huge.  An android wallet that stakes along with anon and the right marketing angle could take us over $0.50 per coin.

This is where radical thinking is going to help us more than anything.

One of the primary problems with cryptos is that they are pretty much all the same, they are all built on the same mechanism and unfortunately, open to exploitation and corruption, hoarding and whaling.

One of the ways I look at this is similar to the idea of "quality".  Quality is not something that you can simply add on when you've completed a product and hope for the best, it is about the entire process from beginning to end.  If quality is addressed from the start and maintained throughout the development and delivery processes, a quality product is almost guaranteed, whatever that product may be.

I'm not sure it's as simple as adding something to Libertycoin to make it different, but reassessing it's very foundations and questioning why it exists and what are it's goals.

Fundamentaly, right now, it is exactly the same as every other coin.

With a solid mission statement that sets it apart from all the other coins, progress can be made to move it away from the current state of all the other cryptos and into new, unexplored territory.

But the disproportionate distribution of wealth at it's very core - regardless of who owns it - will always hold it back.  

In the French Revolution, the Aristocracy were beheaded by the people!

No, I am not saying we need to take the devs to the guillotine!  haha!

Once the Aristocracy were overthrown, their wealth was accessed and redistributed.

The redistribution of the current wealth of Libertycoin is critical to moving forward, IMO.  This is very radical indeed, but gets to the very core of the issue of Liberty and crypto coins in general.  Without this, it may never move forward at all - at least not under the banner of Liberty.  It may need to drop the entire concept of Liberty and just become another coin so that the few wealthy individuals can remain wealthy.  This is the easy way out.

I do not anticipate that this redistribution will occur, however.

The fair distribution needs to be done at the very beginning of a coin's life cycle, it will be almost impossible to do now that those coins are beyond the mining phase and in the hands of a few individuals.

It's not so much about the solidity of the programming or new delivery mechanisms, but the coins that were created and where they are right now.

There needs to be a mechanism by which no individual can ever hold more than, say, 1% or less of all coins in circulation for
example.

Then it becomes the coin of the many, not the few.  Then, as the coin gains value, everyone wins at once.


  

Android wallet that stakes.

What innovations do people feel need to be added, if we list some things then we can work out if its achievable or logical to do. Things can be outsourced if needs be but personally I don’t have a problem with the dev wallet is solid and is staking well which is more than what I can say for other coin experiences iv had lol. When someone plants a seed it doesn’t mean other people cant come along and water it to help it grow

Preach it brother!  This is exactly the kind of open discourse that I have been pushing for.

Keep the fire lit.  Keep it positive and constructive.

Dont shout down other ideas, discuss and explore them.  See if we can improve them as a community.

Thanks for that.

The comparison to doctors & disease may have been too specific when I mentioned cancer.  But the anology still remains.

I have become a little defensive in the face of all of the personal attacks, but I also could have just walked away and left Libertycoin to rot in the gutter with all the other cryptos.  

It has been asked "why am I still here"?

It is not to defend a personal, skewed viewpoint, but to clarify what Liberty is about and to expose some painful truths in cryptos that not many people want to hear.  In my attempts to lift the wool from people's eyes, I have come across in an unintended way.

@Community :-

I apologise for coming across as a bit preachy.

It is often hard to be heard in a roomful of people if everyone is shouting "piss off!"

I will try to temper my posts so they are more constructive and going in a more positive direction.

The wounds in crypto needed to be opened first so they can be understood, cleaned, dressed and the healing process begin.

I have the right to defend myself, but I will try to do it in a better way.

Personal attacks don't help in any way whatsoever and I would appreciate it if people concentrated on the message and not kicking the messenger!  I haven't personally attacked anyone, I have responded to what they have written.

I stand by everything I have previously posted and a lot of it does not need to be said again.

Long Live Liberty!

Open source, by it's very nature, is based on Liberty.

It places control and decision maiking in the hands of the many.

For Liberty to work, the people need input.

Slavishly conforming to a devs ideas without critical analysis and without public approval is just more slavery in a fancy package.

So the devs themsleves really need to get involved, listen to the people, so they can accomodate the viewpoints of others and produce a shining star.

No system is ever going to be perfect, that's silly.  

Perfect societies, ie Utopias, are doomed to extinction because they have no room to evolve and grow because perfection has already been acheived and can't be improved upon.

Nature, even after 4.5 billion years,  is still working out where the hell to go!  Because nature does not seek perfection, it seeks growth.


 

Now you are hitting on why I am here (no, I am not the same person as boomslang)

I think the concept of liberty that is wrapped in the philosophy of this coin is truly unique and powerful.  But Libertycoin needs to be more than a concept.  It needs to be functional.  It needs to be secure.  It needs to adapt to the challenges the world presents it.  It needs a real backbone.   Without a strong development team, it will only be words and concepts.  With a strong development team that has a vision and the skills to bring their vision to fruition, the coin could ascend to make real of the philosophy of Liberty.

I want the vision to be true, not just a vision.

That is the foundation of Liberty!

Liberty is not wealth in the hands of the few, but generosity in the hands of the many.

Liberty is based on sharing and giving, not selfishness and taking.

Are you here to feed your brothers, or just to feed yourself?

If Libertycoin wants to stand out from the crowd, it must do that by understanding the past, getting a grip on the present and creating a new future.  I know people may think I am being obnoxious, but if a doctor diagnoses cancer, maybe treatment can be sought.

Hiding that cancer away and not seeking help means an early death.

Exposing the problems of cryptos in general (cancer) will give this community a chance to try something new with Libertycoin in particular (chemotherapy).

I'm still here because I'm fighting for Liberty - where very few people are - in an arena of defamation, flaming and ridicule.

Many people here don't want Liberty, they want money.   They will become a new aristocracy - a digital ruling elite - at the expense of the weak and unwary.  Cryptos, currently, are disenfranchising - the very opposite of Liberty.  They are exclusive, not inclusive.  

What will Libertycoin do to become all-inclusive and break away from all the other cryptos that are based on exclusion while shouting "everyone join"?  They only shout this to fleece them of their wealth and laugh at them.

They seem to be blinded by greed and do not care one iota for their fellow man.

Long Live Liberty!

This is the kind of promotion libertycoin needs. This guy mows what he's quoting. If libertycoin is to be "something new" let it serve the true, intended purpose of cryptocurrency. Not another gimmick. Rather REAL MONEY!

Here's some ideology for all of us:

The "ruling elite" is a reference to the fact that the vast majority of the wealth is in the hands of a small amount of people.

It doesn't have to be about palaces and champagne, it can be about minimum wage and equality.

The power should be in the hands of the many so small groups of people cannot take control.

The current market cap of libertycoin is near $335,000. Do you think that's a lot of money? Do you not see that with a market cap like that, the coins can very easily and evenly spread throughout the community. These were mined long enough ago to all be bought and sold many times over.
I don't consider myself a ruling elite and the entire market cap is within my reach.
"Ruling elite" - $335,000. Really?  Ridiculous!!

Then you are advocating secrecy and censorship over Liberty and common good.   Hmmmm.