Agreed 100% OP ..i have a huge problem with ALL IPO/ICO coins.
I never supported any of them ever.. Ripple the first i can recall.
Dev's don't "deserve" to be paid either.
Just because you want to start a free open source currency hosted on Github
doesn't mean we should write you a paycheck (in advance) for 1 Million dollars in Bitcoin.
EXACTLY LIKE BLOCKNET !
I have spent exactly half my life coding and never in my life received one single cent.
I have also refused donations a lot.
This is what i write into my code..
I made the time..
If you can't fund your own project then leave it to someone else who has the means.
Rigging a coin to pay you the dev an obscene amount of coins (you can dump) is complete 100% fucking bullshit !
Sorry assholes but your not ENTITLED to sweet fuck all !
Don't create the problem "WORK" then blame the work for needing to be paid.
You are causing the problem so you can put the fix in..
Ripple ? Ethereum ? scam .
ALL OF THEM ARE SCAMMY BULLSHIT !
And don't even bother trying to say POW can be exploited.
A 100% premine is what an IPO is and it's 1,00000x more exploitable then any POW coin could be !
EDIT:
Once the main guy who starts an IPO possesses all 100% of the coins he can then do what he wants with them.
Imagine having every us dollar for 24/hrs.. know why pay interest to posses your money for short periods ?
Having all the coins is a colossal massive super advantage all on it's own.. never mind getting a "Cut"
Then consider the fact that the coin is no longer possible to be considered Decentralized
when 1 single guy or COMPANY inc. posseses -ALL- of the coins on launch.
THAT make sit a Pyramid scheme more than it does any sort of "currency"
Here i thought you new age digital hippies wanted a decentralized currency to topple "The Man" ?
How is a guy owning all the coins on an IPO launch any different than the US Federal reserve ?
Why do you all dive on all these THOUSANDS of IPO/ICO coins ?
Simple.. Greedy profit .
So ?
It means they are ALL doomed to failure.. ever heard of a Pyramid scheme that worked out well ? ROFL
EDIT2:
See the comment below mine ?
They don't get it and never will.
It's like ike talking to a brick wall.