Another difference in supply between Boolberry and Zano is a 20% premine reserved for the team as compensation for years of project development as well as an incentive for future work and R&D efforts. The team recognized that Boolberry fell short in this regard, leading in part to its lack of success.
Yea, that's why Boolberry never came close to being as popular as Monero - because it only had a 1% premine not a 20% premine. Totally makes sense.
I don't have any boolberries anymore, but I think it's also kind of arbitrary and capricious that the first swappers over the first few months will be rewarded more generously than people later on (not too mention just totally screwing people who don't swap in the first year). Why reward people for closely monitoring the shitcointalk forum?
Boolberry didn't have a premine, it has a 1% dev tax on mining which is optional(AYWK). This was never going to be enough to sustain world class developers and keep them motivated, what was developed early on in boolberry was leaps and bounds better and faster than was happening on monero(nothing). So yeah makes sense if you want to keep good development.
Oh we know you don't have any boolberry you tell us every time you come to spout here to spout, last time it was the name iirc.
How is anyone going to be screwed over? Quite the opposite in fact, boolberry will continue to exist and be maintained incl any updates that are possible to be implemented coming from zano, on top of that the supply will be reduced 1:1 for every coin that is swapped over to zano.
"Why reward people for closely monitoring the shitcointalk forum?" Twitter, medium, discord & TG??? Maybe you live under a rock JW?
Lol so prickly. What is the argument for not just keeping 1:1 swap open for an indefinite or years long period?
Also, I wish I lived under a rock - bat cave living sounds pretty nice, probably save a bundle on heating and cooling costs.
Anyway, 20% premine is pretty bold move. You can say what you want about Monero, but they have managed to retain the top spot among privacy coins without any premine. Zcash has an effective 10% premine, maybe 13-18% depending how you weight their taking 20% in first four years. This isn't 2014 and I understand premines have become somewhat more acceptable in the age of ICO-scams and its aftermath, but I think there is probably a strong overlap between folks interested in privacy coins and those interested in a fair launch. Maybe I'm wrong, we shall see.
I can't speak for the team on their decisions but how do you see an indefinite swap every working? It wouldn't make any sense as both would be tied to one price when they are completely different projects.
Yeah I don't see the 20% premine as an issue, people now understand if you want proper development and world class developers that's what it takes and you’re getting it here in buckets full. Zano has been in development for years already to get here, that could extend to 5 Yr's if you include Zoidbergs time on Boolberry and even before that
Both projects will now have a team of developers working on them.
FYI while Zano will retain all inherent benefits of cryptonote and its proven privacy, it's also faster more scalable and far more user friendly. I imagine the capability to have both dark and clear wallets will be a big plus with many(incl exch’s) too, that's not even going into the whole decentralized p2p ecommerce side Escrow, Multisig, easy to use Aliases and more so I don't see it as just a privacy coin.
As for Monero managing to retain top spot among privacy coins without a premine, Monero didn't need a premine when they launched because it was a fork of technology already developed and at that time nobody apart from Zoidberg could get their head round it.
Even Monero have a funding model in place now, which I don't think is ideal but my point is good development costs.