And as a bonus wait until I unveil the VGB protocol, miners will love it. That's your bonus - this protocol will be what makes this coin a miner's coin.
Just to be sure, this was the feature that will make the coin reward small miners proportionally more than large miners, while magically making sure big miners don't pretend to be many small miners? Sounds like easy profits for any big miners that trivially subvert it.
I've said it before, there's no way to subvert this protocol. No way for the big guy to scam the little guy. You guys don't get it cause you're not finance guys you're computer guys so your mind is on tech stuff.
I'm a programmer that specializes in application and network security, and I can't think of any plausible way to do what I've seen described with the VGB protocol. Am I to believe that the VGB protocol will automatically detect large miners' botnets and server farms and penalize them?
Even the programmer when I told him he said: oh, that's cool, man. So I'm glad to hear that.
I remain less than convinced.
So just give it a chance don't flip out at the 5% premine. Most coins use schemes to get way more coins. IxCoin got 20% and many others much more.
No wonder ixcoin isn't all that popular. You seem to be aiming really high in what other currencies you're comparing yourself to.
I'll PM you the programmer and talk to him. If you can paye the 1% without premine then that's great.
IxCoin is but one example. There's many more. Ripple keels 50%. Feathercoin or frei only gives out 20% while keeping 80 for themselves. DEVcoin keeps 90%. Lets get really.
The total number of coins makes no difference as far the 1% goes, cause the value of a coin, just like a stock will be a direct function of the total coins outstanding.
Fact remains, if anyone thinks 1% is tooth to think up a good coin, spend endless hours trying to get it right, making it tailored for the miners and paying to launch it then spending 12 hours per day supporting it, if anyone thinks 1% is too much, regardless if its 1% of 100 Billion like Ripple of 1 million then that person is utterly selfish or basically a communist.
Find me just one DEV who is doing this for less than 1% and I'll drop the fee. What most of you don't get is that devs have back doors where they pay themselves plenty of coins. I'm offering full honesty, true transperacy - you will not get this anywhere and in return I only ask 1%.
I have bent on everything and let you guys have your way with e try with but the 1% is not moving. I wanted SHA256 badly but gave in to Scrypt, I wanted a catchy name like SantaCoin but gave in to Nuggets, I wanted 25% to give back to miners but you guys said 10%, I said ok, then when the oy way was premine you all said not even 5% was ok, which I thought was a bad idea but I have in.
I have given in to everything to prove I'm being honest when I say this is a miners coin.
Please talk to the programmer, as I hired the most expensive one on here and the one with the best rep - everyone I talked to said he's really good.
Ask him if I did not push for all these things and they were just not possible without spending way more money, way more time and having to hire more programmers.
I trusted all of you. All I ask is that you trust me on 1 thing - the 1% fee. I will make the wallet public so anyone can see before I sell a sige coin. This is not a lump and dump for me I want this coin to survive and do well.
I will do all I can I clouding pay out of pocket to make this the best coin out there but this incessant, non-stop hatred and negativity has to stop cause I have bent over backwards to make the best coin posdie for you guys.
Wait until you experience the VGB protocol - even the programmer loved it and he's a techno guy.
Please, let's treat each other with respect, I think I've at least earned that much.
Thank you.