Why open source is important :
- It provide scrutiny from the community and thus security of the code.
- It provide trust (no I won't run a pre-compiled binaries that could contain any malaware, coin stealer, backdoor, or security critical bug)
- It help the common good buy providing solution to every one.
- Community will make the code better by correcting bugs, or adding new functionality.
- it provide a larger community

Why it doesn't matter if someone copy cat it :
- Community will stay behind the original
- If you are confident that your thing is the best then why would you fear a pale copy.
- For a copy to even grab attention, it would need a clever new functionality, so it will take time to develop.
- What would be the incentive to make a copy :
1)make a scam and profit : then it would be easily debunked.
2)make a better coin : if it is really better then it's a good thing, but it would be easier to add it directly to the original.

Sly

The only thing they have on MΣC is a head start, and lots more visibility.

It's pure PoS coin. No SHA256, no Scrypt.

And who's gonna buy your premined government coin?  That's the error right there.

You need mass adoption and until you reach critical mass (so you can force it on everyone) you need the masses to think it's just another regular crypto coin in order for them to bid it up like crazy, thinking they'll all get rich.

Or do you think the masses are gonna sell their good and mortgage their houses to pay $10,000 for a premined government coin so they and the elite can transfer 90% of their wealth?

But that's exactly what the masses will do if they think they're getting rich, cause hey, look how fast and how high Bitcoin went.

So the government is doing just as you're saying, if ixCoin is the next coin, you can bet they have all taken their positions and now they'll sit back quietly as the wealth transfer takes place: Voluntarily!

Thanks for the German funny.  lol.

Oh and one more thing, they will dilute the shit out of it, and devalue it (21 million will be a laughable idiot dream) once they hijack it and they will steal and rob (wealth transfer) over 90% of the planet's middle and lower class wealth to the banks, governments, multinationals and the rich elite who got in early. The only winners will be those who get in early and get out before the total government confiscation.

You're welcome!

actually it should be BTC 1000 USD and Litecoin 250 USD  (because there is 4 times more silver than gold )

agreed that it does have some costs to it, but those unsavoury types will always find away to distribute their material. Sometimes you can not write something off entirely because 0.00001% of the population will use it in a negative way.  I think a lot of exciting applications for this are possible and could turn out to make a lot of headlines good and bad.

Not really like that, i guess more like a decentralised torrent hosting site, if combined with tor or something i guess impossible to shut off. I guess quite a lot of potential things can be done with it.