I'm glad you understand that you would be throwing away the 90%+ part of the value that bitcoin gives to merge miners. Because of the waste of money I object to this option.
Mining is just a question of making as much value as possible for the miner and any shareholders. Once the money is made, then the profit can be sent as the cooperative wishes to the miner, shareholders, worthy causes, etc..
Sorry but i have to hold against it, what economy when there wouldnt be any miner who would mine for devcoin or even bitcoins ?? what do i throw away when i solo mine bitcoin? Is the profitability of a chain the reason to hash it, or is it the participation in this unique worldwide experiment only caused by profit? What profit the first miners made? How many miners made real profit? Doesnt do the centralized mines the profit?? No Hashpower but 3 -7 % mining fee?
Its profit the only motivation for running a mine and support the blockchain?? When we talk about profit, to mine for coins is not realy the right way to make profit. You calculate with the exchange rate and thats wrong, by now you prefer to as mainchain bitcoin only cause of the exchange rate? What profit made guys who mined i0 or ixcoin wasnt that allso a waste of energy?
Hypotheticaly spoken when devcoin or any other altcoin exchange rate would surpass the value of 1 bitcoin im quite sure you wouldnt object my proposal, you would be the first that would go along with it, im sure.
But we are dev's not dealers, personaly i mine for the sake of the chains, profit is not realy doable, but didnt you made a huge profit out of a dvc based biz? (Total dividends paid: 15 856 112.77 DVC since 18.8.2012) more then avarage 5 mio DVC per month! And do you think that was produced trough mining only (BTC or DVC)?. No it wasnt, that profit was made out of generousity! How many of the devcoin devs are generous? Or you just mine out of profit? So why my BTC mining project gives away the power of 7 FPGA when only 5 FPGA was financed by the shareholders? MINING FOR DEVCOINS BRINGS YOU 10% of the BLOCK and you call that a waste of energy well i guess you are right mining for DEVCOIN is in this case a waste of ENERGY in GENERAL, AS MINER FOR DEVCOINS YOU GET ONLY 10% of the BLOCK!!!! WHY SHOULD I GIVE YOU MY HASPOWER you take 90% of it and what do i have from it as miner, doesnt you profit?? ... Is that just me that smels the incoherence?? Without the basis of a direct democratic principle, mining for devcoins is a waste of time, and with people who works against development, hinder or even speak against development (call it a scam) on the head and in the receivers list of the project, this project starts to become more and more uninteresting.
Why a mine protocol has to be dependent on profit?? Since the only cost you have is the hardware and electricity.
Profit is not my main motivation, and we arnt gods, we are devs we dont have to decide what chain is hashed mainly but we need to protect and guarantee development.
To be honest how many of you guys donored there devcoins for a higher purpose? Is the mind setup to generate blocks, to dump it then for centralized money or alt chains? Never forget even Bitcoin is still a experiment, and such oposition simply prohibits development in any direction. Profit shouldnt be the braker of an experiment. Or is the reason more simple, that you doesnt like to give me the
bounty for a DVC Mine? Its all in this tread guys reread please.
Sorry guys when this proposal doesnt come trough it clearly will show me that greed is mainly active in this development and i gonna have to chose my next steps according to it.
WE ARE DEVS, WE MAKE PROFIT OUT OF DEVELOPMENT!!! THAT IS WHAT DEVCOIN according to me stands forDEV ELOPMENT backed by
DE MOCRACYPlease think about it.
But yes i take your objection, anyone else would like to join in pro or against ? By now it is 1 to 1