Please see post 29

Its about the economics of currency.  Currency need to maintain a level of circulation equivalent to the transaction rate of the currency in circulation.  Giving the tribe a "reserve" means nothing because there is no tool to return currency into the reserve other than buying them back.  Because the inflation is infinite and the tribal population is not growing as fast as the currency is being produced the net result is that inflation will be higher than for a normal currency.  This will be exacerbated because the currency needs to be converted to USD or other fiat to do transactions outside the tribe for fiat or even to do transactions into other cryptos. 

Mazacoin has doomed the tribe to high inflation and potentially hyperinflation and because they have a reserve the only tool the reserve acts as is to spark more inflation.  The developers have no understanding of economics, only enough programming knowledge to make a clone and enough salesmanship to scam a tribe into agreeing to this sham.

The developer on the other hand anticipates a run up in price as part of the scam and dumps the coins converting them into BTC and getting rich.  The coin becomes abandoned and then what

Good I hope the dev loses all his net worth.  It would be a good lesson to coin developers that these are not get rich quick schemes.

If the tribe adopted BTC it would seem sincere if the developer promoted that.  Because he makes a coin, premines it and pumps it, then he is trying to get rich before the tribe gets their money.  So the good action is actually a selfish act underneath.

Most altcoins are greedy selfish attempts and developers trying to get rich.  Mazecoin is yet another one in the list.

Again a good story can be as much a lie as it can be a truth.  Mazecoin has nothing going for it that couldn't be done by bitcoin.  The difference is that if the developer promoted bitcoin to tribes to adopt he wouldn't make any money doing it.  But if he makes a new coin, premines it and gets them to adopt it and they run the price up he makes money.  In the first scenario he is doing it to support cryptos and help the tribes.  In the second he is mostly about making money for himself before anything else.

Wow so 15k people that are under the poverty line are now using it as an official currency even if only a fraction have internet access.  How many will be using it in local stores?  Mazecoin is just another scam coin.

Do you know what a ponzi scheme is?  The original ponzi scheme had a good story.  It was the reason everyone bought into it.  Even after early investors figured out it might be a scam they still kept telling people to buy into it because it was a good story just to pump it up so they can get out.  A scam is a scam even if it is a good story.  A story doesn't have to be true.  it can be an outrageous lie.  So should a coin be pumped because it is a good story (lie)?

Hah.  BTC is not Mazecoin.  Maze is yet another scam coin to fool people to buy in while the developers dump the premine into the buyers.  The developers pump out a few press releases (they only cost a few hundred bucks each).  Then they walk away from the coin never to be seen again.

I thought Auror coin was a blatant scam with a symbolic gesture to fool unsuspecting crypto buyers/traders to buy the coin while devs dumped a large premine before the so called "airdrop" happens.  There was no coordination with the government or even an organization in Iceland ahead of time so it was sololy controlled by the developers.  It was a ponzi scheme at best.

So I assume that maze coin is going to be done the same way huh?

Cryptsy is the most dominant, I think.  But it is regional.  Some people prefer more localized ones.  There are too many coins and the exchanges try to fill a role as being the defacto for the coins that they host.  Exchanges are cheap to run and easy to spin up.  Cryptos are only about 3 years old.  The flood of altcoins are only about 10 months old so expecting a dominant exchange after only 10 months of existence is a lot of ask for.  Lets see what happens in 3 to 5 years.

Trust me scrypt ASICs will not have that much of an impact.

The first BTC ASICs were 500000 time more profitable than GPUs (KHs per $).  Scrypt ASICs are only 2 times more profitable than GPUs at best.  So the impact will be negligible.

It will only by GPU minable for a few n factors then it becomes a CPU miner only.

I would learn about the airdrop and wonder WTF is auroracoin and then wonder why they didn't just airdrop BTC instead.  I would then try to get the coins but find out that some politician hired a hacker to empty all the wallets and dumped the coins within seconds of the drop.

I would blame the politicians, blame the developers and say cryptos suck because they make the rich richer.

What is sad is that Alpha-tech is already acting like Butterfly labs.  They priced their units at only 10% lower than the price performance of 7950s or 290xs.  KHs/$ is 2.5 for GPUs and only 2.8 for the 25MHs units.

Bast on the maxwell chip speculation and anticipated bandwidht plus the new DDR RAM step up will mean that GPU KHs will out strip the KHs/$ performance of current GPUs but a conservative 50% and possible even 75%.  This means that the AMD GPUs will wipe out the alpha-tech units after only about a month after deployment.  Not even enough time for alpha-tech customers to break even.

Wait till the AMD GPUs start getting out into the wild.  Alpha-tech preorder buyers will be screaming for the shipments to get delivered and there will be frantic selling of the units on eBay hoping a sucker will buy them out at just break even.

Funny you guys were saying June a month ago.  First it was Q2/3  Then it was Q2, then it was June.  Some forum members moronically thought that Q2 meant the first day of the first month and you would ship in April.  I know Q2 would mean end of June.  Now you are saying July which of course for product manufacturers mean end of July.  Given 1-2 weeks delivery (includes customs) customers wont see their miners in hand until mid August.

And this is assuming that there aren't any more delays.  Already the reports alpha-tech post stated that they weren't getting optimal performance and they are still in design.  I expect a few more road bumps from here until July.  If the rest of engineering does not run like well oiled machine I would target Sept for delivery.

the shop was so they can seem legit and get money from n00bs