It's similar way like open stock to public.
Let say that you own a company and try to gather fund, releasing your stock to public is the common way to gather fund.
If you're the owner want to gather fund, you need to release it into public so they can aware your token !
Topic: cryptocurrencys owners??? - page 2. (Read 398 times)
it depends on the coin and the reason why they created it! you can't compare everything with bitcoin and say because bitcoin is certain way then everything else has to be that way too.
if the coin is designed to be decentralized like bitcoin then nobody owns it, as it is with Satoshi and the reason why he disappeared. such coins will require the whole network to decide for its future because the whole network is the "owner"
but if the coin is designed to be centralized then it is owned by the creators. for example ethereum or ripple.. and whenever they make a decision, that decision is final and any participants can not have a say in it.
if the coin is designed to be decentralized like bitcoin then nobody owns it, as it is with Satoshi and the reason why he disappeared. such coins will require the whole network to decide for its future because the whole network is the "owner"
but if the coin is designed to be centralized then it is owned by the creators. for example ethereum or ripple.. and whenever they make a decision, that decision is final and any participants can not have a say in it.
probably, the one who created, its owner, and we are already as consumers, we do not say that our McDonald's, we just buy burgers there. And we don’t claim any rights other than those for us, for our money, to be well served, another thing, when we already bought a coin, then it is clear that this is ours! Just like that cake - we bought it, it no longer belongs to Mac.
I think that once the token goes up for ico anyone who buys it now owns the coin so it's jointly owned by the creator and tokenholders.
In my personal opinion when you create a coin you would always want investors to invest and get the coin you created when you bring it out for public or crowd sales through ico you will no longer have ownership of the coin that is owned by an investor and your activities and the activities of holders can affect the price and conditions of the coin so in essence you do not complete own the coin anymore after sales
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During the time of ICO, the companies mentioned in their Whitepaper itself about the division of the token. While some portion is retained by the management for different purposes like allotment to internal team as an incentive and so on, remaining is open to the public
Make sure that you check the whitepaper of every token to get the real idea of the portion held by the management and what is out there for the public
Make sure that you check the whitepaper of every token to get the real idea of the portion held by the management and what is out there for the public
yes, you are right.
This is more of a question of how the gnu works.
The gnu is a license. It's like asking who owns ubuntu. You could say it's the ubuntu foundation but they have sampled Linus Torvalds work and have also copied the works from the Debian team.
With bitcoin it's the same. Bitcoin's backbone is essentially: a database, hashcoins, ecdsa and hashing put together to make what we have today...
So the point is that the community owns the coins. The people who mine would be nothing without those who trade, those who hosted nodes and those who actually develop the code.
The gnu is a license. It's like asking who owns ubuntu. You could say it's the ubuntu foundation but they have sampled Linus Torvalds work and have also copied the works from the Debian team.
With bitcoin it's the same. Bitcoin's backbone is essentially: a database, hashcoins, ecdsa and hashing put together to make what we have today...
So the point is that the community owns the coins. The people who mine would be nothing without those who trade, those who hosted nodes and those who actually develop the code.
an important question for me, that no one answered: whoever creates a coin owns it or is it jointly owned by the community that uses it? technically or legally?
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