Is wide distribution valuable ? - page 3.

Mickeyb

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Quote from: duphash on July 27, 2015, 03:19:17 PM

Quote from: aakashsangwan on July 27, 2015, 12:20:10 PM

It is being reflected from your question that you are about to create an altcoin with a wide distribution.
If I'm not wrong then please correct me.

You are right.
I'd love to do that. The only question is my capability to do that.
Do you offer any help ?

I have an idea of very fair and wide distribution and I need someone to implement website for that.
It is not going to be country drop or anything like we've seen before.
We can just distribute NXT asset, so no need for another crypto platform development or cloning.

Well didn't NEM alfeady try to do something like this, a fair distribution? And how did this end?

Look, crypto is used by small number of people. Let's take a number of 1 million for the sake of argument. When this thing really take of and if in 10 years we will have 1 billion users worldwide, don't you think they can argue how those 1 million of early adopters are lucky and how it's not fair that they got into crypto and the rest of 1 billion didn't get in that early?

The point is, is the fair distribution ever possible?

duphash

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Quote from: duphash on July 27, 2015, 03:19:17 PM

Quote from: aakashsangwan on July 27, 2015, 12:20:10 PM

It is being reflected from your question that you are about to create an altcoin with a wide distribution.
If I'm not wrong then please correct me.

You are right.
I'd love to do that. The only question is my capability to do that.
Do you offer any help ?

I have an idea of very fair and wide distribution and I need someone to implement website for that.
It is not going to be country drop or anything like we've seen before.
We can just distribute NXT asset, so no need for another crypto platform development or cloning.

Like BCNext once wrote, this idea seems so simple and obvious, but for some reason noone implemented it yet.

Are there other platforms to consider for asset tokens other than NXT platform ?

I need a platform that is accessible from web browser (does not require wallet file), allows me to issue new tokens, has decentralized exchange, does not have present or future centralization or forking issues like BTC has (I recall one pool promising to not use their power for something bad 😀, when govt requires them, they will not have a choice to do something good, so their promise is not worth to trust anyway).

I think QORA, NODE, BTSX have something like assets, but not sure about web access and decentralized exchange.

duphash

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Quote from: Amph on July 27, 2015, 01:17:58 PM

Quote from: duphash on July 27, 2015, 10:57:08 AM

Quote from: Amph on July 27, 2015, 07:02:44 AM

Quote from: CoinBateman on July 27, 2015, 06:01:55 AM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

You are pulling fairies out of your ass.

Bitcoin was pumped and subsequently dumped albeit slowly for more profit.

No coin with a reasonable distribution is going to pump because its not worth anything.

i forget "that will happen", i was not talking about bitcoin today, but bitcoin distribution in the future will be simply better because bitcoin is a survivor and not a dead coin like aurora

with aurora they rushed and forced it, to the point that everyone dumped before the distribution has taken place

What would happen if AUR holders were not allowed to sell it for 2 years and devs had huge incentives to develop features ?

how you can do that? there is no tool to stop someone for selling his coins, he can even sell those same coins privately, in the case that there isn't any exchange, basically impossible

You mean they can just sell private keys or futures ?
Yes, that is hard to stop.
It looks like the best way to stop is to create buy wall so that those who want to dump will sell into that wall and founder owner of that wall will remove them from circulation.

duphash

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Quote from: aakashsangwan on July 27, 2015, 12:20:10 PM

It is being reflected from your question that you are about to create an altcoin with a wide distribution.
If I'm not wrong then please correct me.

You are right.
I'd love to do that. The only question is my capability to do that.
Do you offer any help ?

I have an idea of very fair and wide distribution and I need someone to implement website for that.
It is not going to be country drop or anything like we've seen before.
We can just distribute NXT asset, so no need for another crypto platform development or cloning.

Amph

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Quote from: duphash on July 27, 2015, 10:57:08 AM

Quote from: Amph on July 27, 2015, 07:02:44 AM

Quote from: CoinBateman on July 27, 2015, 06:01:55 AM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

You are pulling fairies out of your ass.

Bitcoin was pumped and subsequently dumped albeit slowly for more profit.

No coin with a reasonable distribution is going to pump because its not worth anything.

i forget "that will happen", i was not talking about bitcoin today, but bitcoin distribution in the future will be simply better because bitcoin is a survivor and not a dead coin like aurora

with aurora they rushed and forced it, to the point that everyone dumped before the distribution has taken place

What would happen if AUR holders were not allowed to sell it for 2 years and devs had huge incentives to develop features ?

how you can do that? there is no tool to stop someone for selling his coins, he can even sell those same coins privately, in the case that there isn't any exchange, basically impossible

aakashsangwan

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It is being reflected from your question that you are about to create an altcoin with a wide distribution.
If I'm not wrong then please correct me.

duphash

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Activity: 41

Merit: 0

Quote from: Amph on July 27, 2015, 07:02:44 AM

Quote from: CoinBateman on July 27, 2015, 06:01:55 AM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

You are pulling fairies out of your ass.

Bitcoin was pumped and subsequently dumped albeit slowly for more profit.

No coin with a reasonable distribution is going to pump because its not worth anything.

i forget "that will happen", i was not talking about bitcoin today, but bitcoin distribution in the future will be simply better because bitcoin is a survivor and not a dead coin like aurora

with aurora they rushed and forced it, to the point that everyone dumped before the distribution has taken place

What would happen if AUR holders were not allowed to sell it for 2 years and devs had huge incentives to develop features ?

Amph

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Quote from: CoinBateman on July 27, 2015, 06:01:55 AM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

You are pulling fairies out of your ass.

Bitcoin was pumped and subsequently dumped albeit slowly for more profit.

No coin with a reasonable distribution is going to pump because its not worth anything.

i forget "that will happen", i was not talking about bitcoin today, but bitcoin distribution in the future will be simply better because bitcoin is a survivor and not a dead coin like aurora

with aurora they rushed and forced it, to the point that everyone dumped before the distribution has taken place

CoinBateman

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Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

You are pulling fairies out of your ass.

Bitcoin was pumped and subsequently dumped albeit slowly for more profit.

No coin with a reasonable distribution is going to pump because its not worth anything.

Kakmakr

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Wide distribution means nothing, if it's not backed up by a value added chain of merchants and vendors accepting it for goods. I compare this to a class of 1st graders exchanging marbles. Lots of them have it but it has no value, other than trading it amongst each other.

If the school canteen or shop starts accepting it for goods, the value will increase and the demand will rise, if there are a limited supply.

Most of these Alt's are being converted to BTC and then into fiat anyway. So there are no real value in keeping them, if they are not used to buy things from merchants and vendors to stimulate an economy. You will have some pre-mined coins being hoarded to increase it value {fake rarity} and then you will see a sudden dump.

Amph

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Quote from: duphash on July 26, 2015, 05:25:21 PM

Quote from: Amph on July 26, 2015, 01:48:25 AM

Quote from: duphash on July 25, 2015, 05:13:57 PM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

Ok, did anybody try really wide distribution without any scam ?

they could do it via signing msg, everyone post his btc address and sign it then for every genuine member that do this he will be reward with a portion of the supply of a the dev's pos coin

I agree that it's better to have narrow distribution than lack of features.
I also agree that ideal coin must have both.

But is it true that wide distribution inevitably results in lack of features ?
Why not distribute it widely and allocate 20% for features slowly payable to devs upon completion of milestones.
Did anybody try that model ?
If yes, was it failure ?

no none has done what i've sayed in that post, actually i never thought of this thing, myself, i don't think it's a good idea to give 20% to dev, cryptocoin are not based on a dev, dev should not get anything if not the same amount that he will give to everyone

Derrike

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According to me, it is valuable and not just valuable but also it decrease the chances of pump and dump.
So I think that it increases the life of any crypto currency unless the developers are not greedy.

duphash

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Quote from: Amph on July 26, 2015, 01:48:25 AM

Quote from: duphash on July 25, 2015, 05:13:57 PM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

Ok, did anybody try really wide distribution without any scam ?

they could do it via signing msg, everyone post his btc address and sign it then for every genuine member that do this he will be reward with a portion of the supply of a the dev's pos coin

Why NEM devs are worse performing than NXT devs ?
Do they have enough incentives ?
Are they paid well ?

duphash

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Quote from: Amph on July 26, 2015, 01:48:25 AM

Quote from: duphash on July 25, 2015, 05:13:57 PM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

Ok, did anybody try really wide distribution without any scam ?

they could do it via signing msg, everyone post his btc address and sign it then for every genuine member that do this he will be reward with a portion of the supply of a the dev's pos coin

I agree that it's better to have narrow distribution than lack of features.
I also agree that ideal coin must have both.

But is it true that wide distribution inevitably results in lack of features ?
Why not distribute it widely and allocate 20% for features slowly payable to devs upon completion of milestones.
Did anybody try that model ?
If yes, was it failure ?

everaja

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Quote from: duphash on July 25, 2015, 01:57:03 PM

I always thought that having wide distribution has huge benefit to a coin, especially PoS coin.
But recently someone told me that it has only slight benefit.

I thought that widely distributed coin will not have risks of pumps and consequently dumps.
Some debate that AUR was widely distributed and dumped.

I object saying that it was initially pumped only because of poor initial distribution before airdrop and also did not have useful features.
If it had same qualities as Ether or NXT and was not allowed to be traded before airdrop is finished then it would not be pumped dumped.

I dont think AUR was similar to NXT , it lacked initialization , moreover the coin was holded much my the people who were involved in its creations , so much Pumps and Dumbs were Unlikely to occur with that. Unlikely AUR alts which you assume to be NXT was relly,fairly distributed among diffrent people not only the devs and Intrested people which made it a success for time being.
I think the Pumps and Dumbs are mainly because they have much Alts of the Same coin.

Mickeyb

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Quote from: duphash on July 25, 2015, 05:13:57 PM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

Ok, did anybody try really wide distribution without any scam ?

NEM did, but they are doing terribly since they are not delivering promised features at all or delivering too slowly.

Distribution is overrated in my opinion. Crypto world is still just a small group of people, imagine when this goes mainstream, for all those masses, we will be the ones that held all the coins and we will be tbe hoarders in their eyes.

Some even argue that the benefits of the bad distribution are not that bad, look at NXT, their whales have financed and still are financing many projects.

All in all is better to have bad distribution and constant delivering and innovation than other way around.

Amph

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Quote from: duphash on July 25, 2015, 05:13:57 PM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

Ok, did anybody try really wide distribution without any scam ?

they could do it via signing msg, everyone post his btc address and sign it then for every genuine member that do this he will be reward with a portion of the supply of a the dev's pos coin

mezmerizer9

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Quote from: duphash on July 25, 2015, 09:34:37 PM

What other coins have good distribution ?
I keep hearing that NEM had good distribution, but it lasted only 1 month, it does not look good, does it ?

But NEM's original holders are dumping it and crashing the price, due to the lacking solid features or applications to support the price. Ppl are dumping it for profits. It is not about good distribution. I thought good distribution should be that more ppl know the existence and are willing to buy and hold that coins, which will make the price stable.

duphash

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What other coins have good distribution ?
I keep hearing that NEM had good distribution, but it lasted only 1 month, it does not look good, does it ?

VirosaGITS

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Quote from: duphash on July 25, 2015, 09:04:53 PM

Quote from: VirosaGITS on July 25, 2015, 05:20:32 PM

Quote from: duphash on July 25, 2015, 05:13:57 PM

Quote from: Amph on July 25, 2015, 02:24:15 PM

aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way

it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag

real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d

Ok, did anybody try really wide distribution without any scam ?

You would have to check ripple;
http://coinmarketcap.com/currencies/ripple/

It's a weird coin so you would have alot of reading to do.

It was 100% premine i believe and is being distributed manually to prevent this among other things. It is the #2 market cap coin so this is probably the closest to do what you're talking about.

I noticed that Ripple has huge swings in price. How come Ripple labs cannot maintain stable price ?

I don't know exactly. There's factors like... its crypto. The trust people put in crypto is up and down. Its not based on something of value like Gold. Etc.

You'd have to talk to people who are actually into Ripple. I am not.

Topic: Is wide distribution valuable ? - page 3. (Read 14561 times)