How's that altcoin regulation going ? This is my favorite comedy thread.
Unfortunately not going anywhere yet. Hopefully we can change that with the application/fees idea.
We need to be profit driven to some extent: otherwise donating hash power to this effort is not going to last long out of charity or annoyance.
Thus the only way to make this last is to impose fees on new and existing altcoin creators. Once the BTC start flowing into our virtual coffers, only then will this initiative really take off with our hash rates.
Need to start by first sending a message to one of the altcoin vendors on the list to demand a fee and application. If that does not work, we will need to be prepared to throw some speculative hashes at it, to pound them until they give in. That in itself is a risk we'll all have to take, but it will pay off for us once the BTC comes our way.
So from sorting out shitcoin scamming devs, you've now turned it into a racketeering type money making idea to line your pockets.
Nice!
If you were around earlier, you saw a real lynch mob mentality develop. You know, the kind where someone is "obviously guilty" for the horrible crime of standing up to the lynch mob for
any reason, including invocation of civilized norms.
To be honest, I felt like I were a city dude who just relocated to the Wild West. So I bit my tongue and watched it devolve into the present suggestion for an extortion scheme. There was no point in dragging in my knowledge about American politics and history to make the point about how the "collateral damage" would react if such a scheme were implemented: I am, after all, a Newbie and my technical skills are middlin' at best (as of now, anyway.) So, I would have come across as aught but an uppity city slicker. Consequently, I self-censored.
Fact is, those "heroes whose pure hearts give them the strength of ten" stories about stopping lynch mobs are unicorn-and-rainbow tales. You can't stop 'em with words unless you yourself have a crowd on your side. Barring that crowd support, the only two ways to stop a lynch mob are:
a) hold your tongue until they do something terribly stupid, and them weigh in with an appropriately eloquent scolding, or:
b) emulate the legendary Texas Ranger. One Ranger, one riot...because there's only one gun, which happens to be in the hand of the Ranger. Of course, being the Ranger means getting ahold of a "gun" that the lynch mob doesn't have.
Barring (a) or (b), you gotta bide your time. And, if you fear ending up as "collateral damage," make private plans. If you don't have the prior skill and experience to be another
Jed Cooper, circumstances may oblige you to become another
Josie Wales.