Topic: [POLL] Do Altcoin Dev's Deserve Money ? (Read 2875 times)

Last thing i did with Bitcoin was donate it to a DEV at XDA for the work he did for free.
I told him to advertise his address.. i don't think he did but i looked right now and i see he has a second payment now.

I gave him maybe $23 worth.

At least he got a gesture of appreciation.
And i got him involved maybe supporting Bitcoin etc.

I have done work before and refused a donation etc.
Then you have guys around here who are demanding a payment of 1 million dollars before they will do any work.

ICO regulations and laws is the big problem i have.

You know people when i showed up here mid-2013 we all thought of "Premines" as bad.
So why are 100% premines (the ICO) acceptable ?

Simple.. morality changed.
It became acceptable because of how history played out.

Users did not want the hassle and expense of buying mining hardware to "support" a coin.
And yes it is support !
If you bought hardware to secure the block-chain then you are providing a useful function.

What happened ? SCRYPT ASICS.
Once those rolled out the markets were getting abused by whales super mining + dumping.
And more and more clones were getting rolled out at a fast pace.

Then the concept of the ICO took hold because BOTH SIDES seen an advantage.
Users dumped all their GPU's on eBay etc.
And dev's started side stepping the issue by doing direct release to ICO schemes.
This enabled cloners to REALLY start pumping shit out.. streamlining the process.

THEN MOST OF YOU SHOWED UP AFTER THE FACT

..thinking this is how it always was and SHOULD BE.

WRONG !

Just because you managed so far to get away with it does not mean you are doing something acceptable.
You all lowered the bar to ridiculous levels.. it's been scrapping on the ground for ages people and it's embarrassing  

Reality Check:
Think of yourselves as investors all you want but..
Realize you are Lawless "Free Market" Investors.

But this is the issue, no one asked them to do it, they are doing it because they want, most on the free software scene do stuff just because they like the challenge and not for money, besides if they are any good then they could get recognition and then good pay doing something else.

The problem is: they are not regulated by anything, you can start your own ICO and if you have enough charisma, you can bullshit your way thorough.
It is true that they give chance to project which in other way couldn't exists, but the question is: do we need all these projects?
Some of them are designed to lure people by promising them impossible features or are a straightforward scams - like PRISM.

ICOs are the future. They break down financial barrier of entry. We will see mass rapid innovation because of them!

54 people said YES including many older users such as exchange staff.

Spoetnik Coin


So apparently yeah.. many people would like i said.

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
hahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha .

Spoetnik just reached a new level of retardation!!!!!

Are you fuckin delussional? You are the biggest fuckin joke in this place!!!

Hahahahahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahha

Please call 911! My stomach just burst!!! Hahahahahahahahahahahahahahahahahaha

For example i can right now start an ICO and chances are there would be a lot of investors.
For example i can right now start an ICO and chances are there would be a lot of investors.
For example i can right now start an ICO and chances are there would be a lot of investors.
For example i can right now start an ICO and chances are there would be a lot of investors.

You are right no one is forced to get lured into a Pyramid scheme.

Problem is when it happens it turns that person into a corrupt sleazeball searching for other victims to pass the buck on.

Trust me i love your precocious angle on it but you are missing the reality of it here.

For example i can right now start an ICO and chances are there would be a lot of investors.
I have been around for ages and seem fairly trust worthy.. that is far more than enough.
Once i have ! god damn fucking MILLION dollars in cash and time goes by and i have started to dip into the money for random items like new houses and fur coats and rings for my girl-friend / wife then i start to wonder hmmm.. maybe i should just tell these Investards at Bitcointalk that "Haxors" got me or some other cliche'd excuse.

AKA: Pulling a Paul Vernon from Cryptsy (pulling a BigVern)

And to be honest i probably would too.. it's too easy.
Especially when you hold a dim view on the useless broken English greedy little morons that show up here desperate for profits.
After a while you prob have lost so much respect for this trash that you figure hey, fuck 'em.

Maybe we can do the "due diligence" dance now ?

Or maybe i can tell you all to research scams and listen to the testimonials from those victimized by them ?
You might see similarities to this bullshit ?
No, YOU WILL !

You late comer's popped up here spouting off about entitlement and minding my own business so you can siphon cash off the bigger greedy fool.

Verbal gymnastics don't keep you out of jail or fool the dreg's that come here either.
All this crap is painfully transparent and obvious.

No one is being fooled by the usual bullshit from the usual suspects with the usual cliche'd defense retorts.
Especially not the IRS, FBI, Police, FiNCEN, SEC, Home Land Security etc.
Cry FUD to them and see how well it works profiteers.  
Feel free to tell them you are "entitled" to money.
..just don't be surprised if they have a dim view on your silly Altcoin rhetoric.

No one is forced to give anyone money. So you ask the wrong question

I'm fairly new in bitcoin community , so I can't tell how true what you say is, but it's still unfair for certain persons

In general term anyway, computer world changed a lot , especially since the 90, there has been the hype at first with website, php, then same hype/bubble with web 2.0, Android applications, all serving the same thing over and over again pretending at some innovation  to get increased worth, and the IT industry become very speculative and less and less people really want to bother with code or see it as something cool and fun like it could be before.

Personally im also an oddball, I pretty much left companies behind some years ago because I think professionnal IT is becoming whatever, especially since web 2.0 era, people putting software stack upon software stack upon software to get 40mo to have the most simple application, framework get bigger and bigger all the time and software quality is decreasing à lot.

And especially in france, the culture is not that much tech friendly or on open market, id say on the over all very conservative, and I dont see a lot of companies pulling that much great things currently.

But it's why I took lot of time to develop systems that are much smaller and easy to grasp for even noob developpers, that can still deal with internet standard, like javascript & json, rpc, dynamic typing, hierarchised data, and can replace boost and templated c++ very efficiently for lot of different purposes, in a way inspired from AS3 logic.

Actually I crossed the blockchain world accidentelly, but I was already interested in developping small optimised and portable solution to deal with distributed component, asynchronous requests, keeping things safe and private in open world, and I was turning this problem around until I stumbled on blockchain who completly solve all this in very elegant manner.

It's how I came up with making a coin and implementing the functions needed to run a blockchain as a proof of concept application for my framework. But it's already quite advanced, especially on optimising parallele systems, dealing with json dynamic data, having a very robust and safe memory system.

Need less to say I did all this for free without having clear commercial objective in mind, im still un sure how to goes with this, but ico still seem to me a good way to rise funds for projects, and still keep the possibility to maintain high quality open source software without having to deal with all the complexity of patents, NDA, proprietary software, and without having to ressort on sun day afternoon coding or part time developpers who drop a line of code when they have free time.

It depends, to the scammers, they don't deserve any money, clever investors would never fund them. Actually only real projects' devs deserve the money, like Vitalik Buterin

Good comment.. gets ya thinking (off-topic)
I don't think that bodes well for the crypto scene's future.

I am confident some type of regulation will end up being put out eventually by at least a few of the larger major countries.

They deserve only their coins which cost nothing

ETH,
Vidz,
Waves,
NXT,
Jewels,
Bitbay,

Just to name a few.

I don't think a dev needs to be convincing as much as he needs to make it seem passable.
If it seems fairly legit on the surface that is enough.
Users are far too wiling to take a random forum names account here for their word.
What they are REALLY concerned about is..
Does the new coin gimmick etc provide a tangible opportunity for profit.
It's not about convincing anyone of anything.. other than a pump is coming.

Lets not play the victim game here again.
No one ever did care.
They came here to profit.. they are aware of the high risks but they don't care.
People are not being "fooled"  

Criteria for investment ?
Will it be popular and make me money ?
That is it.. they don't ACTUALLY care if they are legit or not (and will get mass adoption etc)

You cannot imagine a regulatory board functioning to monitor these things and as long as anyone could come up with a new idea and can convince a mass audience people will invest money in it and so is the reason we have seen many scams throughout and people still keep on investing on new ideas and coins ,Alt coin dev really make a huge amount of fortune if they can market their ideas really well as we have seen in the past.

@Zadicar
It takes "Investors" to pay them (the key part of the crypto-world-system)

When i came here there was no such thing as an IPO / ICO coin.
Then Ripple came out..

Users here figured out they can portray crypto-coins as "Penny stocks"
and then claim "coins" are now "companies" and then hold their hand out looking for "investment"
So, it snow balled and is now out of control.

When i started users would code for free here.
Coins were launched fairly and we all had the same opportunity at launch as the dev's.
Now ? the richest hold all the cards & power.

Now a millionaire whale can walk in and pay some kid to make him a coin then sit on ICO launch day and buy them all.
And chances are no one will even notice because the new ICO coin was given little attention because it did not sound like a worthy replacement for Bitcoin.
..so it will go ignored by the masses and the whales know it !

And that is when being rich helps.. they game the system like what happened with Ethereum in 2014.
Some mysterious figure was buying up blocks of 100 BTC chunks of ETH non stop on the ICO launch.
Later V. Butters shows up with many millions and millions of dollars worth of ETH coins... hmmmm  
Fair ?
Crypto has become a rich mans game.. and this takes fat stinky shit all over this decentralized free market ideology bullshit crap you all spew.

You all advocate the massive giant pyramid scheme ICO scam system so the super rich get richer and so YOU you profit a single BTC while the dev walks off with MILLIONS in BTC.

If these were like "Penny stocks" then half the guys in crypto would be in jail already.
There is what would normally be considered "crimes" going on here 24/7.

Step back and look at how the entire crypto world has changed in time people..
It has morphed into a massive system of pumping out *usually ICO coins with yet another gimmick attached.
Non stop.. and they don't stop coming.
Because there is a never ending line of "Investors" who are willing to invest BITCOIN into anything they consider as a potential for profit.
The whole entire system can be perceived as a pyramid scheme of sorts.
That would be more accurate then saying "Penny stocks"

It takes 2.
It takes buyers to buy the product the *paid* dev is making.
They would have no way to sell us shitcoins if you all quit buying them.
But you all showed up here dead set on profiting from something.. anything., AND NOW !

PS:
I am not against profit etc.
I am against profit from obviously scammy bullshit.
I don't care what people "Invest" in.. i just hope they would exercise some morality doing it.
Find a project YOU BELIEVE in and support and be a project supporter. (not a worthless profiteer)
What ever that is ...is up to you guys.

For example i do not support Monero but i have a lot more respect for the Monero supporters who are sincere and believe in there cause.
Versus a random profiteer who shows up here saying, well who cares.. i want Bitcoin profits.

You are right i didnt see such coin that give us new tech besides bitcoin because i do only use bitcoin no other coins could able to do on what bitcoin did.Regarding on the topic i think we cant still stop devs on making money on their own coin since they have the full control of it and i dont know why there are ICO's which stupid people are just feeding up the devs thats why most of them goes scam.

Many of us have wrote code and given it to you all for free.. such as myself.

They are selling us a solution to a problem they created.
We don't need 6,000 ANN topics with people whining they need to buy dog food & tampons..
..when in reality they are raking in a million in Bitcoin.

Case in point Lorie Nettles.. pulled the i need money for Tender Viddles excuse.
Dumb fucking greedy cunt just wanted cash money.
So she spewed some bullshit and had her hand out.

You all so god damn generous ?
Gimme your BTC then LOL

It boils down to what do you determine as "Wonderful tech"
I have said the only innovation i ever seen was ANON.
And unfortunately the implementation in my opinion will go no where.
Other than that i can cycle through them all and say 98% of them all are a load of fucking bullshit.
Nothing but me-too coins with gimmicks attached to them.
AND YOU ALL KNOW IT !

What you all forgot about multi algo coins ?
Where the more the better.. X5 X11 X13 X67  

Country Coins ? Meme Coins ? ..Kitteh Coin bag holders in the house ?

Fuck off with the dev needs to be paid bullshit.
You need to be paid for what ? There is no real useful coding work being done !
You greedy douches are not entitled to a Crypto Job paid to work on some coin for some other scammy douche.
I argued this 2 years ago with a well known guy here i won't name..
He kept insisting he needed to get paid.. doing anything.. for any coin..... he didn't care.
So don't sit there and feed me this noble cause with integrity crap.. no one is buying it.

Coins devs are like everyone else. They need shelter, food, and heat. Most all the devs I work with have jobs outside of cryptocurrency so they can support themselves.

I guess the answer really must be looked at on a case-by-case basis. I'd say it really all depends on what each particular community wants and needs. After all, when we're talking about a currency, what we're really talking about is a community. All the technical things are trivial.

I wish we had more money to pay our devs. They work so hard and share their time generously, never complaining. In fact, almost all of the complaints I hear come from those that contribute nothing and build nothing.

A year ago i counted 6,000 ANN topics roughly.
So name ONE example (of 6,000) of a coin project that gave us.. "wonderful new tech for us to all enjoy"

I can think of 0.