Edit: looked at XCP, looks interesting, but it seems like using the BTC for development would be a lot more productive than just burning it.
I'm staying away from it for precisely this reason.
Yeah, just randomly throwing money away doesn't seem like a very good strategy to me. What are these guys thinking?
I agree its money that could have been used to pay developers.
On the other side with so many scams lately - they thought it’s the best solution.
But even if there are so many scams, this does nothing to prevent them. It is merely a waste of resources. I don't know who could get behind a system which throws money away. How will this attract intelligent people? Idiots might like this system, but I doubt seriously any clear thinking person would participate.
XCP- Proof-of-Burn concept is based on the idea that btc are being
sent to an unspendable address that no one owns the private key to.
With XCP seems to have a functional D'ex in place already.
MSC only has it on paper.
XCP has a symbolic relationship with Btc.
I would like to see both MSC & XCP succeed
as I have investments in both projects amongst
other up & coming decentralize, peer2peer, trustless
technology.
ps. expect Zerocoin around May 2014