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Title: [POLL] Premine for security?Coins with structure to protect me Post by: Trac3y on April 30, 2015, 07:23:54 PM :-* I dont want to be a newbie :-*
Title: Re: [POLL] A premine for security‽ Coins with a structure that protects me. Post by: username18333 on May 01, 2015, 02:21:11 AM G.E. coins (https://bitcointalk.org/index.php?topic=776426.0) 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 (http://www.loc.gov/exhibits/gettysburg-address/ext/trans-nicolay-inscribed.html)). 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. Title: Re: [POLL] A premine for security‽ Coins with a structure that protects me. Post by: Trac3y on May 01, 2015, 02:24:01 PM G.E. coins (https://bitcointalk.org/index.php?topic=776426.0) 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 (http://www.loc.gov/exhibits/gettysburg-address/ext/trans-nicolay-inscribed.html)). 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. Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: Snail2 on May 01, 2015, 02:44:22 PM 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. Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: Brilliantrocket on May 01, 2015, 02:48:54 PM My strategy is to only buy coins with unfair launches. It's worked out pretty well so far.
Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: Snail2 on May 01, 2015, 02:57:08 PM 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. Title: Re: [POLL] A premine for security‽ Coins with a structure that protects me. Post by: username18333 on May 01, 2015, 08:57:59 PM As long as governments exist we will be governed. Centralized even under a veil of decentralization. Earth (https://rgeo5wj7gneidzh3.onion.city), being an anarchist despotism, has Writcoin clients serve as a heterarchical (http://www.coi.columbia.edu/heterarchy_whatis.html) 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. Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: biggus dickus on May 01, 2015, 11:54:27 PM 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. Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: smooth on May 02, 2015, 12:11:49 AM 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. Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: Trac3y on May 02, 2015, 11:23:19 AM 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. 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.More likely the gloss of (fake) "Security!" is being used to try to justify a premine scam. Stay away. 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 Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: Trac3y on May 02, 2015, 12:03:04 PM 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"? 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.BTW I'm not against premine, I understand that nobody want to work for free, but please leave the BS. https://i.imgur.com/7Io1YyA.jpg?1 Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: God27 on May 02, 2015, 03:54:42 PM 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/ Title: Re: [POLL] Premine for security?Coins with structure to protect me Post by: Trac3y on May 02, 2015, 09:39:45 PM Do you want just security for your coins or that and security of value? 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.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/ |
