Why Complaining About Miner Subsidy or Lack Of is ILLOGICAL

[solracx]

It is illogical to say that a 'mining percent distribution' removes value from a coin.  Example:  DVC (DevCoin),  FRC(FreiCoin),  ZTC(ZenithCoin)

Say you have 2 coins,  coin A which you get 50 coins per block and coin B which you get 25 coins per block and the other 25 goes to the DEVS.

So when these 2 coins hit the exchanges, assuming all being equal coin A will have twice as many coins as coin B.

However, is coin A have the same value as coin B?

Coin B could be twice as valuable or ever greater than coin B because it has a built in maintenance fund.

So even if the miner of coin A has twice as many coins,  it may not be worth as much the miner with coin B.

This is also like comparing IFC (infinite coin) where each block creates hundreds of thousands of coins....   should have millions of IFC be worth more than someone who has a few BTC?     

Ultimately, does not matter how many coins you have or mine.... what matters is the value of each coin!

Complaining that a miner gets half of the coins per block is like a miner complaining that only 25 coins are created per block instead of 25,000.

Completely illogical.

Note:  This is different from a mining fee by pool operators.  The reason is, there may be another pool with a lower mining fee.   

[FrictionlessCoin]

It is illogical to say that a 'mining percent distribution' removes value from a coin.  Example:  DVC (DevCoin),  FRC(FreiCoin),  ZTC(ZenithCoin)

Say you have 2 coins,  coin A which you get 50 coins per block and coin B which you get 25 coins per block and the other 25 goes to the DEVS.

So when these 2 coins hit the exchanges, assuming all being equal coin A will have twice as many coins as coin B.

However, is coin A have the same value as coin B?

Coin B could be twice as valuable or ever greater than coin B because it has a built in maintenance fund.

So even if the miner of coin A has twice as many coins,  it may not be worth as much the miner with coin B.

This is also like comparing IFC (infinite coin) where each block creates hundreds of thousands of coins....   should have millions of IFC be worth more than someone who has a few BTC?     

Ultimately, does not matter how many coins you have or mine.... what matters is the value of each coin!

Complaining that a miner gets half of the coins per block is like a miner complaining that only 25 coins are created per block instead of 25,000.

Completely illogical.

Note:  This is different from a mining fee by pool operators.  The reason is, there may be another pool with a lower mining fee.   

So whay do  you think about a coin like L E G I T C O I N with zero subsidy?

[shakezula]

tldr: "Dear Cryptsy, please ignore the fact I control 50% of all ZTC and list it anyway because you have DVC and FRC already there."

[Snail2]

Actually all three of the examples has little value. I guess this is not just coincidence.

[ElectricMucus]

Quite simple, there is just so much scam people are willing to take. Nobody cares if you can construct an argument around it.

Get lost scammer.

[sumantso]

This a fun coin for history books. Solarcx tried taking 50% of the coins, but ended up getting 100% as he was the only one mining

The original threads are a good example that arrogance doesn't pay off.

[Snail2]

This a fun coin for history books. Solarcx tried taking 50% of the coins, but ended up getting 100% as he was the only one mining

The original threads are a good example that arrogance doesn't pay off.

That 100% is not exactly true. I also have some 50 ZTCs from a giveaway .

[CryptoBullion]

wow, all these people have no idea. first off... solracx is not a scammer

2nd... he has better plans then freicoin for his dev funds ( bad comparison, freicoin plans completely suck.. and freicoin has a whole team of people sitting on ass, sorry freicoin, you need to step it up a notch)

3rd.. you might be starting see the light of zenithcoin, and wish you would have been mining

4th.. I could go on all day, but ill let time tell the real story, just wait, and see...


i know things .. that u dont... so dont plz dont start with me..... and there is absolutely no scam involved.

these blind accusations of his intention on this forum makes me nauseous..

plans are big, and you all fail to deliver what he is working on launching... so until you win the race and come out with something that will change crypto forever than plz troll on a thread that you know something about.

i have only 100 zenith coins, i have no monetary gains here to be made. im giving you the facts. If i was a liar would CygnusXI let me run the alpha pool??? think hard...

you guys slammed him... now you have been slammed back... unless you have FACTS to back up all these accusations than i suggest you not make more assumptions...

Some projects... unlike your precious copy cat coins... take time.


"Next time, try to open your mouth a little wider when you speak."
Willy Wonka

[ElectricMucus]

get lost shill

[CryptoBullion]

get lost shill

nice rebuttal... your IQ must be very large....

[FrictionlessCoin]

wow, all these people have no idea. first off... solracx is not a scammer

2nd... he has better plans then freicoin for his dev funds ( bad comparison, freicoin plans completely suck.. and freicoin has a whole team of people sitting on ass, sorry freicoin, you need to step it up a notch)

3rd.. you might be starting see the light of zenithcoin, and wish you would have been mining

4th.. I could go on all day, but ill let time tell the real story, just wait, and see...


i know things .. that u dont... so dont plz dont start with me..... and there is absolutely no scam involved.

these blind accusations of his intention on this forum makes me nauseous..

plans are big, and you all fail to deliver what he is working on launching... so until you win the race and come out with something that will change crypto forever than plz troll on a thread that you know something about.

i have only 100 zenith coins, i have no monetary gains here to be made. im giving you the facts. If i was a liar would CygnusXI let me run the alpha pool??? think hard...

you guys slammed him... now you have been slammed back... unless you have FACTS to back up all these accusations than i suggest you not make more assumptions...

Some projects... unlike your precious copy cat coins... take time.


"Next time, try to open your mouth a little wider when you speak."
Willy Wonka

Interesting critique.   Freicoin has good talent, not certain what the problem is, but we'll see what happens when the build freiassets.

Also, a scam is when the perpetuator is hiding the facts.  Solracx has been transparent from the beginning with the 50% subsidy.   It has been several months since the coin has been released and everyone had the the opportunity to mine it in a fair way.  Most other coins actually are insta-mined or pre-mined.  This fact is in fact hidden from the public.

Anyway, our team will be releasing a new coin L E G I T C O I N that has ZERO miner subsidy!   It is a different model and we shall see how it plays out.

[ElectricMucus]

get lost shill

nice rebuttal... your IQ must be very large....

This is not a rebuttal this is a prompt to leave.

[psybits]

Crypto is awesome

[QuantPlus]

This a fun coin for history books. Solarcx tried taking 50% of the coins, but ended up getting 100% as he was the only one mining

The original threads are a good example that arrogance doesn't pay off.

Ya man, read the original threads...
Solarcx spent the thread talking down to his miners...
Acting like he was doing them a big favor by confiscating 50% of the coins.

He then made a private list of LACKEYS...
And did private ZOMBIE MINING all summer. What fun.

But it was up front... so no scam, just STOOPID...
And there was a lot of baloney about "market making coin", etc.

Seeing all the coins abandoned by Dev...
I can totally support the Devs getting 10% of the coins...
That should be enough to incentivize the Devs of a legit coin.

It you guys made 10% standard around here...
You would get a much better class of Devs.