Topic: Is this Satoshi's Biggest Mistake? (Read 121 times)
He knows what he is doing that is why he didht pre-mine bitcoin,decentralization is the main goal and pre-mining means semi-centralized coin so he didnt do that,the team behind bitcoin is indeed doesnt have good funds to develop the coin that is why they are doing a lot of forks from the past year so that they can get good funds for the development.
You seem to be addressing a problem that is merely theoretical, as Bitcoin has been developed and has many people willing to work on it even for free. Your comment is flawed form the start.
He left it in good hands by creating a foundation with plenty of volunteers. Other coins however will need to keep some development funds to survive as they won't be as popular as bitcoin. They won't have developers working for free, and it should be locked into a smart contract with gradual release over several years.
I think that now it is not the biggest problem. The need to regulate krypton is becoming more obvious.
Not pre-mining Bitcoin or Reserving enough Bitcoin for its future Development and Marketing?
Nothing breaks my heart more than seeing investment in Cryptocurrencies/developers from people who clearly do not like Cryptocurrency (or pretending to like it). I have no doubt they are doing this in order to create Backdoors.
Developers should be able to fund their projects without relying too much on single/few sources. This is probably why this few funders hate ICOs.
Hopefully in the future, developers would be able to create enough ways to fund future developments and be more anonymous too.
Developers revealing their identities without transferring responsibility to other anonymous developers isn't the best for the young crypto
Nothing breaks my heart more than seeing investment in Cryptocurrencies/developers from people who clearly do not like Cryptocurrency (or pretending to like it). I have no doubt they are doing this in order to create Backdoors.
Developers should be able to fund their projects without relying too much on single/few sources. This is probably why this few funders hate ICOs.
Hopefully in the future, developers would be able to create enough ways to fund future developments and be more anonymous too.
Developers revealing their identities without transferring responsibility to other anonymous developers isn't the best for the young crypto
Do you think satoshi knew bitcoin would become this big and do you think that he went to get rich out of this? From my understanding this was not his intention nor he created bitcoin for that. He wen't hid himself and gave the community a project to continue to work on, satoshi have some coins in his addresses (not small amount) but I doubt that we will see those coins to be spent by him. Thing with pre-mined coins and ICOs is that you have some developers who are working on particular project just to get rich and to have source of income such as DASH look what they did some % of mining goes to devs, of course then they have money for marketing blah, blah but honestly I like to donate to devs rather than using their platform, their coin because then they generate an income. You clearly have no idea whats the point of open source and how are msot of them managed if you are looking for devs to have some scheme to profit out of it.
Devs can choose to be anon or public, it is their choice and not our thing to discuss - their life man not ours.
I think that the problem with reservation is not at all a problem, I think that Statoshi was counting on the fact that it would not be necessary to mine coins and this is happening now.
Not pre-mining Bitcoin or Reserving enough Bitcoin for its future Development and Marketing?
Nothing breaks my heart more than seeing investment in Cryptocurrencies/developers from people who clearly do not like Cryptocurrency (or pretending to like it). I have no doubt they are doing this in order to create Backdoors.
Developers should be able to fund their projects without relying too much on single/few sources. This is probably why this few funders hate ICOs.
Hopefully in the future, developers would be able to create enough ways to fund future developments and be more anonymous too.
Developers revealing their identities without transferring responsibility to other anonymous developers isn't the best for the young crypto
Nothing breaks my heart more than seeing investment in Cryptocurrencies/developers from people who clearly do not like Cryptocurrency (or pretending to like it). I have no doubt they are doing this in order to create Backdoors.
Developers should be able to fund their projects without relying too much on single/few sources. This is probably why this few funders hate ICOs.
Hopefully in the future, developers would be able to create enough ways to fund future developments and be more anonymous too.
Developers revealing their identities without transferring responsibility to other anonymous developers isn't the best for the young crypto
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