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21  Alternate cryptocurrencies / Altcoin Discussion / Re: A coin free of Greed on: February 04, 2014, 10:28:33 PM
How are you going to make it fair? People who invest first take the risk to win/lose money. People who invest last complain it was not fair, but they refused to take the risk or were not there in the first place.


What if, instead of pre-mine, people who pay for the dev get a small percentage of tx fees for X years.  So they don't get tied to the price of the coin (and are therefore ok with slight inflation), but they still have some chance at being paid multiple times what they invested (if they help grow the economy)?

What do you think?

That is interesting. I assume here you mean a one time payment at the beginning, aren't they early investors (which is 'greedy' and 'unfair'). How do you distribute the coins initially? With mining you get early miners and adopters. And you can't give all the coins out to do PoS because it goes against your pre-mine idea. You still need to find a way to give people coins and to do so without giving someone the advantage.

The point I'm trying to make is that someone will always have the advantage and it will always be unfair. Even if you start the world of crypto completely fairly by giving equal (theoretically preventing double+ shares) shares to the entire world, you still will get an unfair result because some people ALREADY own more than others (in physical shares) and can leverage that advantage to get an advantage in the cryptoworld.
22  Alternate cryptocurrencies / Altcoin Discussion / Re: A coin free of Greed on: February 04, 2014, 07:30:19 PM
How are you going to make it fair? People who invest first take the risk to win/lose money. People who invest last complain it was not fair, but they refused to take the risk or were not there in the first place.

Even if you, today, distribute a coin equally between everybody that has ever made an account on bitcointalk, you would still only distribute it to some absurdly small percent of the world, and anyone joining later will be disadvantaged. All you can do is delay how long before early adopters profit, and if no early adopter profits, why would anyone risk time, money and commitment to your personal, egalitarian scamcoin (that promises a lot but gives nothing).

Someone mentioned coins where halving takes a long time (this creates long term inflation which depletes early adopters' advantage), but all this does is concentrate the amount of wealth in the hands of rich miners (who mine a lot all the time by investing in their equipment). The reason our current currency system is morally bankrupt is that the money is printed freely and the first people to put their hands on it are the rich, the corrupt and the powerful. I think that as long as we use a currency where the money supply can't be arbitrarily changed and is eventually capped, the wealth will get redistributed as people use the currency, short of the currency dying.
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM -4 billion coins- Equal Shares for ALL - Registration thread (part 2) on: February 03, 2014, 08:24:58 PM
I'm in: https://blockchain.info/tx-index/89db49b8bdb294725af39b0397ce56e125b8e70835c6456ea52326541ea9ab9c

89db49b8bdb294725af39b0397ce56e125b8e70835c6456ea52326541ea9ab9c

0.05 BTC sent.
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