[POLL] Premine for security?Coins with structure to protect me

Trac3y

newbie

Activity: 38

Merit: 0

Quote from: God27 on May 02, 2015, 10:54:42 AM

Do you want just security for your coins or that and security of value?

Ripple seems pretty safe to hold your coins but didn't protect its value. But XRP now has a chance to be catapulted in value from years of selling pressure.

https://xrptalk.org/topic/6306-ripple-labs-responded-to-bitstamp-lawsuit-jed-co-exceeded-the-agreed-upon-xrp-sales-limits/

Trade is a entity that I can not secure,but the investments u spend your coin on can be . The market is free and can be manipulated because its more profitable for longterm players to do so.The idea is to have uses that is profitable thus keeping coins off market secured by us until development catch up with a reliable substitute.

God27

sr. member

Activity: 364

Merit: 250

The 4th industrial revolution!

Do you want just security for your coins or that and security of value?

Ripple seems pretty safe to hold your coins but didn't protect its value. But XRP now has a chance to be catapulted in value from years of selling pressure.

https://xrptalk.org/topic/6306-ripple-labs-responded-to-bitstamp-lawsuit-jed-co-exceeded-the-agreed-upon-xrp-sales-limits/

Trac3y

newbie

Activity: 38

Merit: 0

Quote from: Snail2 on May 01, 2015, 09:44:22 AM

Sorry, but this excuse is just as bad as the "for future development" BS. Why devs are unable to tell the truth, like "for bribing exchanges" or "for future dumping" maybe "Just like you guys I also wanna get rich quick, and this coin going to be a step in that direction"?

BTW I'm not against premine, I understand that nobody want to work for free, but please leave the BS.

Not really an excuse.But the idea grew from having too many bad experiences myself.So putting your money where your mouth is sounds better than trying nothing or offering nothing in return.The Poll is a IF it can be trusted SENARIO will it be good. Future development is still in ballgame just not in the the here and now.

https://i.imgur.com/7Io1YyA.jpg?1

Trac3y

newbie

Activity: 38

Merit: 0

Quote from: smooth on May 01, 2015, 07:11:49 PM

The question is stupid. There is no way that a premine can protect you. If someone gets premined value that is inherently centralized. It doesn't matter what they try to use that value to provide "security" it is still going to be an sham with fake centralized security.

More likely the gloss of (fake) "Security!" is being used to try to justify a premine scam.

Stay away.

I do agree that most premine coins launch far heavier than their uses can support so ,either they got big dreams of mass adoption world wide or just want to make as much possible before standing back and let market decide price with a huge sell pressure.But i dont agree that Premine cant protect u.If it is small enough and coin has uses to justify numbers.No mining hardware and allot of positive aspects is ignored because of scammers that has become out of control and much bigger.
I am interested in hearing about the cenralised aspect though.If it is my coin and i use of of premine proceeds to garantee certain things to happen so user can profit and company can profitshare will it be bad to try something like that ? Offering security so coin uses can be trusted untill more decentralised fuctional feature can be built that is acceptable and trustworthy. If uses are actually used and coins spent can it not cause a buy pressure .It can be done .Its just that its done with numbers that cant sustain the immediate enviroment or by fly by nights.
Caution is good but reserve your judgment

Thankyou for your opinion

smooth

legendary

Activity: 2968

Merit: 1198

The question is stupid. There is no way that a premine can protect you. If someone gets premined value that is inherently centralized. It doesn't matter what they try to use that value to provide "security" it is still going to be an sham with fake centralized security.

More likely the gloss of (fake) "Security!" is being used to try to justify a premine scam.

Stay away.

biggus dickus

sr. member

Activity: 310

Merit: 250

Quote from: Snail2 on May 01, 2015, 09:44:22 AM

Sorry, but this excuse is just as bad as the "for future development" BS. Why devs are unable to tell the truth, like "for bribing exchanges" or "for future dumping" maybe "Just like you guys I also wanna get rich quick, and this coin going to be a step in that direction"?

BTW I'm not against premine, I understand that nobody want to work for free, but please leave the BS.

I think there might already have been a coin dev who said he was keeping 51% of the coins to stop attacks. I don't think it ever became popular though.

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: Trac3y on May 01, 2015, 09:24:01 AM

As long as governments exist we will be governed. Centralized even under a veil of decentralization.

Quote from: username18333 on September 09, 2014, 04:37:04 PM

Earth, being an anarchist despotism, has Writcoin clients serve as a heterarchical monetary authority: anyone may “mint” G.E. coins; however, the coins have to be “minted” through official channels (e.g., Writcoin) to be guaranteed official recognition.

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: Brilliantrocket on May 01, 2015, 09:48:54 AM

My strategy is to only buy coins with unfair launches. It's worked out pretty well so far.

. Actually you are quite right. Most of the "fair launch" coins went down the drain long time ago, or in best case vegetating between 2-10 sats.

Brilliantrocket

hero member

Activity: 826

Merit: 500

My strategy is to only buy coins with unfair launches. It's worked out pretty well so far.

Snail2

legendary

Activity: 1512

Merit: 1000

Sorry, but this excuse is just as bad as the "for future development" BS. Why devs are unable to tell the truth, like "for bribing exchanges" or "for future dumping" maybe "Just like you guys I also wanna get rich quick, and this coin going to be a step in that direction"?

BTW I'm not against premine, I understand that nobody want to work for free, but please leave the BS.

Trac3y

newbie

Activity: 38

Merit: 0

Quote from: username18333 on April 30, 2015, 09:21:11 PM

Quote from: username18333 on April 28, 2015, 08:34:44 PM

Quote from: username18333 on April 26, 2015, 09:25:34 PM

G.E. coins are “spent” into existence in input-less transactions. Accordingly, civil society can (at least, in part) dictate monetary policy.

Many complain about banks and “global elites”; however, none utilize the G.E. coin to found a monetary authority “of the people, by the people, for the people” (Lincoln).

Quote from: “If You Want a Thing Done Well, Do It Yourself.” McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. McGraw-Hill, 2002. _TheFreeDictionary_. Web. 01 May 2015.

If you want a thing done well, do it yourself.

As long as governments exist we will be governed.Centralized even under a veil of decentralitation.
There are no easy answers is there .
Just keep trying and push forward.

username18333

sr. member

Activity: 378

Merit: 250

Knowledge could but approximate existence.

Quote from: username18333 on April 28, 2015, 08:34:44 PM

Quote from: username18333 on April 26, 2015, 09:25:34 PM

G.E. coins are “spent” into existence in input-less transactions. Accordingly, civil society can (at least, in part) dictate monetary policy.

Many complain about banks and “global elites”; however, none utilize the G.E. coin to found a monetary authority “of the people, by the people, for the people” (Lincoln).

Quote from: “If You Want a Thing Done Well, Do It Yourself.” McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. McGraw-Hill, 2002. _TheFreeDictionary_. Web. 01 May 2015.

If you want a thing done well, do it yourself.

Trac3y

newbie

Activity: 38

Merit: 0

I dont want to be a newbie Kiss

Topic: [POLL] Premine for security?Coins with structure to protect me (Read 625 times)