1) I have some investment in GadgetCoin, and therefore I was very happy to see you in the thread. You would bring an incredible amount of expertise and knowledge to that project. It is very unfortunate there won't be collaboration with you. Though I hope you continue the discussion with the GDC devs in the future. I asked the developers what's happening regarding the collaboration with you, they talked about you with the highest regards and stated they hope the dialogue will continue at some stage in the future.
All possibilities remain open. It isn't impossible that I could end up involved somehow with Zerocash and then targeting corporations. I tried to join the Zerocash forum and was banned, so that wasn't a good start. Perhaps in the future I might try to contact their principles. But I also think there might be too many cooks in their kitchen and perhaps some misguided strategies, so it might end up being easier to just fork their open source. We will have to see what transpires. I nodded to Monero to show their mettle and take the lead, but seems they are balking at the suggestion.
I am first attempting something in the mass market arena.
Agreed our discussions concluded (for the time being) mutually respectful.
2) I know very little about your coin. All I know what I read in this forum, and I remember you said somewhere your primary target is the third world and demographics without a bank account. I could be wrong and you could have in fact a different plan. No offence was intended.
Distinguish between a seed market (or part of the scheme) and the overall scheme. Also it is very unlikely that someone who is working on something confidential will tell anyone all of his strategy, especially we haven't even signed a NDA.
Also I have had several different ideas for incentivizing use of an altcoin since 2014. And I wasn't entirely satisfied with any of them (as evident by what I said in private discussions with your group), but an epiphany arrived on how to combine two of the ideas in a way that is much more convincing to me. We'll have to see if I am correct or not. Actually I was going to abandon the idea you are referring to and go directly to this second more direct aspect of the scheme, but then I realized it violated the economics of how to keep a coin decentralized! So then I realize there was no way to do what I want to do marketing wise, without the technological innovations I am working on. So then I started to feel a bit more smug that I was finally onto to something fundamentally good and sound. But not too smug...still working to find flaws and working on many details.
3) It was not my intention to imply or say that you would directly and purposefully organise a P&D.
Ah yes I also comprehended that but forgot to make it clear that I did. I understood you were saying that despite my best intentions, that my plans (the plans you were privy to) seemed flawed. And so that is why I felt compelled to reply and make a few clarifications.
All I was trying to say/imply that naturally you will earn money from the coin, most likely it will make you rich while unfortunately the bagholders will lose money. My main issue is that since there is no real economic justification for crypto currencies they will end up as a speculative asset with many begholders at the end of the chain.
Well I won't be promoting coins to any speculators. So if anyone finds a way to obtain some tokens, it will be on their own initiative. I am placing on myself the challenge that I must create something that has such a marketing buzz and real user adoption outside this forum, that speculators become aware of it without me ever telling them. So that hopefully makes it much less likely that there will be bagholders. But again I am making no promises and no representations whatsoever to speculators because I am not creating an investment. I am creating a for-use token with a software that will hopefully enable decentralized applications that could not economically be achieved any other way. That is my goal. So I need to stop talking. I just wanted to make it clear to you (and readers).
I understand by default you are a decent and honest man, unlike these JINN & IOTA scammers you have integrity. However, I can see that you are trying to build an alliance for your coin here in BCT, but that means you will naturally end up in working with those very people who know nothing but scam and P&D.
No I have not made any alliances other than my 2 angel investors. I had no choice. I had to take angel investment and I entirely depleted my savings over the past 3 years that I've been working on this with no income. The amount of $ is quite small and won't burden the token.
And I do not intend to form any more alliances on this forum if at all possible. I might consider working with a developer from this forum, but it is unlikely. I am preferring to find developers from outside of our crypto community.
I totally agree with you that because we have been unable to open adoption markets, we are forced into speculation markets and the ramifications thereof. Note I am not against speculators, I just don't want that to be my target market of my project. If that is the case with no adoption, then I will have failed inspite of any funds I extracted.
You are trying to succeed in this toxic scam microcosmos which will inevitably push your coin to the P&D route. It's shame because I am telling everyone that you could be the one who build a remarkable crypto currency.
If the adoption is growing virally, then it can't be a P&D. But that is a big if. We will see. This is my experiment in crypto.
I apologise for the tone of my post. It was not a very level headed comment. Sometimes the wankers of this environment like this Belarusian IOTA scammer makes me upset and then I write harsh things about all software developers, but you should be the last person to be offended. You bring a lot to this community and you don't deserve harsh comments nor accusation of wrongdoing.
I understood.
Btw, I'd rather not take sides on CfB. Bob Surplus would argue that P&D is the product that speculators want. To each his own. CfB obviously also writes real code. I wouldn't be funded if not for CfB's work (and no he is not my angel investor). Sometimes great things come from less than perfect things. The universe is unpredictable that way.
Edit: I am not condoning any activity. Whoever can win legal or criminal action against activity may do so. That may be one judge of the implications of ethics. I am not the morality police. I have my own ethics which basically revolve around I want to be proud of my actions, I like challenges, and I enjoy to tinker with engineering being intellectually curious. I am very competitive. And I'd like to help us live in a more meritorious and freedom oriented world. I love freedom. I hate the concept of top-down control. Nevertheless I am also pragmatic. I don't view corporations as so evil that I should ignore their needs. We the human race are on a journey and I want to be engaged in it. Corporations may disappear in the future, but for now they are part of human society. Sometimes I go off and do my own isolationist thing, but I am also an extrovert and like society.