Topic: eMunie the only unique and interesting alt-coin out of all these sh*tcoins - page 2. (Read 3745 times)

Ok name one single cryptocurrency that isn't premined or instamined?

You got that right.

damn thats some big ass font.

but you are so wrong....black just doesn't cut it in that font size

THIS

+the only "reason" to be closed source is that they want to defend the premine, which is quite a dumb idea.

The logic of the debates on this forum all seem to be way too btc universe centered.

If it was me starting such a venture, and wanted it too be adopted as a proper currency worldwide, god the crypto-nerd communities are the last people I'd want as my base for getting it established (obviously this is my view and not that of emunie).

As for insta/pre mine, relative to that big wide world outside, all cryptos started within this community are instamined.

If you'd spent time within the emunie community you'd quickly become aware that emunie's communities main focus is developing a useable stable crypto currency for joe public. There's no focus within the community about loading everyone up with premines and pumping it up as high as they can in value vs USD or BTC etc.

I dont think matters whos idea it was , I think it matters what the reality is .

And how that reality ends up being  interpreted by the wider community.

Personally so far I only see good things coming from open source ideas .

I really believe that people that work on open source projects will be paid in may and various ways  for all the work they do.

For the record it wasn't the developers idea to start it as closed source, it was, debated apon, then pressed apon him by the early members (and for many good reasons).

Closed source, what a disappointment. Yet another 'Ripple' . . Oh yay!

Is that how money is spelled in retard?

Hey, at least he's trying to pack his shit(-coin) in a nice package, gotta give him credit for that right...?

No doubt plenty of software applications which serve a purpose can be HIGHLY successful being closed source.  I mean who would not trust microsoft or apple (joking?).  However, open source is the best way to have the most progress with the least resources - just look at Linux, an open source project which I think most would agree is a bit more secure than Windows:)
 
But cryptocurrencies in particular need to be open source since trust is essential.  People "trust" the alt coins since they are all just clones of bitcoin which has huge trust since its source code has been scruitinized under a microscope by very smart and able coders in the community. EMunie being a totally new code base does not inherit any of this trust these alt-coins will.  The reason the alt-coins fail is not due to trust, it is due to they offer nothing new and any are very unfair due to pre-mining.  Satoshi only pre-mined the first two blocks (and the first block the coins are inaccessible) then released it to the commuity.   Those fortunate ones who saw the potential (or were just messing around) did well - and I bet many sold long long before the massive price appreciation.

I think any closed source crypto-currency is doomed to fail since success requires wide spread adoption which will not occur.  Not in the enthusiast crypto-nerd communities who need to serve as the base for these types of projects and are critical to helping them get established.  A pre-mine, even though not an automatic fail, definitely greatly reduces enthusiasm for the system. 

The fact is the worry that someone will "steal" the open source code and steal eMunies thunder is an unrealistic problem. Look at bitcoin, it is opensource and none of these altcoins, even Litecoin, has a fraction of the following.  Hell, most peopl who mine litecoins I suspect just convert them to bitcoins on the exchanges! If eMunie is a great and novel currency that serves an unmet need in an innovative manner, it will be adopted and people will stick with it versus script kiddie knock-offs since it will be the established parent currency.  First mover advantage is everything as is the allure of being with the official currency and not some hack.

I mine primecoins for example...why?  Do someday trade them for bitcoins:)

yeah, you better read the article from the latest update link above before making a judgement and calling it Ripple - nothing in common.

The inflation is going to be huge. But I haven't read enough about this coin to make a proper assessment.

What is the hype surrounding emunie again? This sounds exactly like Ripple but with a 'mining' network.

Honestly.

I think you should take a step back , I'm no enemy of eMuni I'm here to benefit myself and some of humanity , i will be johnny on the spot supporting eMuni when it is released if i think it is viable .

I have no large stake in any other system, I really don't see an eMuni type system as a threat to Nibble as the environment sits right now. 

I think the market is infinitely large enough for many Crypto/digital  distributed currency systems , and with the slow motion train crash of the "western" Empire a vast degree larger.


have you ever stopped as thought about this:

Bitcoin has a CNN ticker, and a ETF soon, and most people in the world don't have a clue as to what it is.

now information environments are my thing , so i will have to see if i can be innovative and successful in the promotion of Nibble , it being fixed and rare - but a transactional money system is a whole different world.

so you see , there is a large market out there .

honestly?

Any talk now is just speculation. If people want to bring examples of failed coins, such as RuCoin, Ripple, etc. because they were closed source, think again!

Don't confuse correlation vs. causation.

They failed because they added no innovation/value and they appeared to be just GRQ schemes for the devs, that's why closed source did not work for them. Talking environment!

Thank you, I'm very relieved to see some people actually do think out there : )

I Think really Lohoris brings up legitimate questions - there is probably no need to attack each other here yet.

I totally agree that environment matters as i said previously, i'm a eMu supporter because i support  any diversification that will lead to evolution same with "Decrits" .

I don't think Lohoris was attacking the principal so much as making statements about the  environment in which these systems exist.

that being said , I also understand that eMu has a lofty goal of changing or shifting that environment.

I will state that for that to happen , other things will have to move or appear to move to us the observers. 

I bet those projects weren't digital currencies, aiming to be an alternative to centrally controlled modern currencies, yes?

You need context of course. Some programs will be fine as closed source, some others need to be open to be taken seriously.
I didn't think I had to explain you that, but apparently a whole bunch of fucking retard assholes spawned here.

Lohoris - your original post made u look like an idiot so u edited it but guess what?  You r still an idiot.