[POLL] Do Altcoin Dev's Deserve Money ?

[Spoetnik]

This has come up before lots.. What do you all think ?

Do Dev's deserve a large sum of money simply for making a coin ?

There seems to be a large sense of entitlement in crypto.
Usually masked with excuses like they need the money for some "legit" reason.
For example..
V. Butters dumped 1 million dollars worth of ICO coins and it was said he had 3 more million.
How the fuck did he manage to get 4 million dollars worth of ETH coins ?
And Why did he sell them off ? We don't know.. he never did say why.

Another example..
The dev of BlockNET was asking for a million dollars in Bitcoin with his ICO.
When i asked him why he needed so much he told me "To ensure it's a success"

Like come on people how the hell is this acceptable standard practice ? WTF  

Anyway vote or comment if you want.
And by large sum i mean amounts greater than what a guy would get from a standard run of the mill coding job.
Pointing out how most do NOT become instant millionaires.
..unless they are crypto ICO coin dev's that is  

[btcforall777]

No they should work for free because they dont have any bills or expenses and they have all the time in the world.


Greed is good!: https://www.youtube.com/watch?v=VVxYOQS6ggk

[gnargnar]

imho,

10% of total coinage should be reserved for dev directly. (5% taken from total set coinage at the start, the 5% other that is set as a % dev's cut on each block)
another 5% of total coinage to be reserved for random fees,marketing, etc..

I mean... there's so many blockchains already. so, jump in that pool and come with something interesting and then you will have your 10% that is worth something.
You think your idea is any better than your neighbors? oh yeah?  Then work for it. Prove us it really is.

both adresses to be known.


I don't understand why someone would want btc/direct money upfront. (ico, etc.. )
why giving money upfront for shitcoin cloning and 'promises' made.  
Why should this crypto industry be more easy to earn money compared to any other niches online?

See that cesspool of alt discussion and ann's sections of this board ?? that circle jerk is going on for years and new levels of delusions get reached daily, daily around here.
Just how many drained young lives crypto has made already... Some good young peeps (15-22yo) totally destroyed by delusions and greed and traps and schemes.
resulting in bitter young people, that got fooled by criminals [you, yes you, being here, shilling here and there the coins you bought and just want to sell.. oh true, trolling is a art, but still a degree of criminality].
That little army of young broken souls now spreading their anger, bitterness, frustrations among their whole generation, like venom. Just check the news, see how fucked up that society is now?  bunch of self-entitled me-myself-and-i individualist shitstains everywhere
Way to go for a better society, yep.

long live crypto

[Spoderman]

NO they should not be making millions of dollars per year. This is the same shit we have now with the uber rich 1% and the rest of us eat rice.

I understand that they need to pay bills and eat. So I think they should be getting paid so long as they put in the work. The average US salary for a software developer is $81,000 USD, the range is 51,000 to 120,000 in 2016. see http://www.payscale.com/research/US/Job=Software_Engineer/Salary

So I think that the devs who put out coins should be working 40 hour weeks getting paid 120K/year while the guys they hire and supervise should be getting about 80K/Year and putting in 40 hour work weeks.

What we have in Crypto are guys putting in a few hours a week and reaping huge rewards. What other reason could there be for not delivering something within a reasonable amount of time when you have millions of dollars in BTC just waiting to pay salaries.

[Spoetnik]

Those in the U.S. earned an average after expenses in 2008 of $186,582, versus $125,000 in Canada, $159,000 in Britain and just $92,000 in Australia.

http://news.nationalpost.com/news/canada/canadian-doctors-still-make-dramatically-less-than-u-s-counterparts-study

So Doctors.. quit your job at put your hand out here and get 1 million cash UP FRONT.
Don't know how to code ? Don't worry about just string all these guy along for a year or two with excuses..

Do you all out there SEE how fucking obscene this bullshit has become ?

Anyway
Thanks for the feedback.. i was not trying to lure people into arguments or anything.
I posted the POLL to survey what you all think.
I tried to clarify what i meant by the poll too.
There is a difference between a guy getting paid AFTER a coin launch and getting a million or two up front.

Personally i think you should have the means to do it or leave it to someone who does.
Get a job THEN launch a coin ?
And really, just how much does a dev need ?

Or i should ask you all..
How much are you willing to tolerate them getting in exchange for a cut of the profits ?
That is the REAL question.

[marcoman22]

Yes, the devs design every thing about the coin and they try the best marketing strategy to make that coin successful. They design the appropriate wallet and after successful ico, they take steps to list their coins in big exchanges. Nothing can be expected free in this world. When their coin succeeds, you too gain profits by holding their coins. Its a mutual benefit.

[Spoetnik]

Yes, the devs design every thing about the coin and they try the best marketing strategy to make that coin successful. They design the appropriate wallet and after successful ico, they take steps to list their coins in big exchanges. Nothing can be expected free in this world. When their coin succeeds, you too gain profits by holding their coins. Its a mutual benefit.

There is a successful Altcoin ?
Who knew ? LOL
What do you define as "successful" getting traded fer ROI'z on teh Polo'z ?
A high market cap manipulated by fraudsters and high coin prices ?
Oh wait you said "marketing"
So does that mean you will all cut me a check for a million dollars if i pump out ANN topic 6,501 ?

Nice try son.. but you FAIL  

[Hermanny]

I think that Devs deserve something but normally the premine is way too huge and most of the ICOs are scams.

So, something but not much is my opinion.

[shinratensei_]

Do Dev's deserve a large sum of money simply for making a coin ?

In fact, i just need a little sum of coin to make an asset. 

Mostly just in asset form, even won't be digging your money. just need a little pennies.

I have some of the ethers and I can sign the new contract assets will worth a million dollar or more. 

[BitcoinHodler]

no they absolutely should not. they are not providing a service to get paid for it. and even if they think they do, they are not doing a good job to get any money for doing that job. they are incompetent programmer wannabes that think altcoins are a way to make a quick buck.

if they believe in their own project then they can, by all means, start investing in it, mine and support it like the rest of the people. and maybe then they pay more attention to their own project rather than just pump and dump to get out with their premine.

[KenR]

no they absolutely should not. they are not providing a service to get paid for it. and even if they think they do, they are not doing a good job to get any money for doing that job. they are incompetent programmer wannabes that think altcoins are a way to make a quick buck.

Aren't the giving investors a chance to double up their investments ? Without AltCoins,we might not have a big of  trading scene we're going through right now.I concur with that quick money making part but not every dev has that intuition.

if they believe in their own project then they can, by all means, start investing in it, mine and support it like the rest of the people. and maybe then they pay more attention to their own project rather than just pump and dump to get out with their premine.

If they code,they invest,they market...what makes you think they will open up the project as a free source for everybody else?

[BitcoinHodler]

no they absolutely should not. they are not providing a service to get paid for it. and even if they think they do, they are not doing a good job to get any money for doing that job. they are incompetent programmer wannabes that think altcoins are a way to make a quick buck.

Aren't the giving investors a chance to double up their investments ? Without AltCoins,we might not have a big of  trading scene we're going through right now.I concur with that quick money making part but not every dev has that intuition.

most of what you said here doesn't make any sense to me.
i am saying if they are going to make a pump and dump coin to trade and make profit then why should they deserve any money?

if they believe in their own project then they can, by all means, start investing in it, mine and support it like the rest of the people. and maybe then they pay more attention to their own project rather than just pump and dump to get out with their premine.

If they code,they invest,they market...what makes you think they will open up the project as a free source for everybody else?

when you create a good and useful thing you don't need to advertise it, so no marketing is needed. Satoshi didn't advertise bitcoin on billboards to get people to use it.

and you didn't understand what i was talking about. i said if they invest in their project like the rest of the people instead of having ICO funds, premined coins,... they would spend more time on making something good instead of releasing a code which gets pump and dumped, has the second market cap, has 2 hard forks and still full of bugs.

[KenR]

most of what you said here doesn't make any sense to me.
i am saying if they are going to make a pump and dump coin to trade and make profit then why should they deserve any money?

Because it takes efforts to write 1000 lines of code ? I'm talking about actual projects here and not clones.Why would someone spend hours doing that if not for money ? They shouldn't deserve anything but we're not paying them out of our pockets,investors are.

[Spoetnik]

most of what you said here doesn't make any sense to me.
i am saying if they are going to make a pump and dump coin to trade and make profit then why should they deserve any money?

Because it takes efforts to write 1000 lines of code ? I'm talking about actual projects here and not clones.Why would someone spend hours doing that if not for money ? They shouldn't deserve anything but we're not paying them out of our pockets,investors are.

Crock of fucking shit.

Most of it is code re-writing which is not the same.
None of these "coins" from the 6,000+ ANN topics have wrote any meaningful code.
The incessant chanting of innovation is a load of bullshit.

Effort ?
You are CREATING the problem to sell us all the solution.
Your fucking shit coin NEEDS to be created so you stand there and say so i NEED to be paid.

Name one "actual project" that is not a cash grab of crooked scammy bullshit.
And i will show you a market price for it that is 0.001% of the value of Bitcoin ROFL
uhh why ?

Investors ?
This is not the stock market brats.
You can quit calling yourselves "investors" because you are simply PONZI participants.
In the normal financial world the guys running these coins would be in jail.. for fraud etc.
You are not investors in fuck all.
If you were you would hold dev's accountable but you don't.
You let them have premines and wander off years ago..
Now you let them have ICO money and then wander off later.
In any other aspect of humanity these guys would be held accountable.. long term.
Not until you shit heads get bored when the pump ended and you dumped and they ohhhhh so legit dev's are now free to dump to with no over-sight or concern from anyone in the slightest.
All you brats do is jump to another coin at that point.

You all can quit making excuses for bad.
You are not fooling anyone.
All it amounts to is a bunch of scammy pieces of shit lecturing each other preaching to the choir.
The rest of the world Gove 0 fucks ..long ago.

Besides the world would be a far different place if every dev had his hand out demanding millions up front for code mod/rewrite work.
I guess i was doing it wrong all my life.. rather than handing out free compiled software i should have demanded a fortune & cried innovation etc.
Where would Linux be today ?
How about Rockbox ?
Trust me brats there is plenty of free software out there that did not get a giant pile of cash up front.
Many produced a result FIRST and then took donations after the fact.

If you don't have the means to eat while you code and pay your rent then maybe leave the coding to someone who has the financial means to do it.
Maybe some poor corrupt greedy little fucking prick in his basement should not be making the worlds internet currency for the benefit of humanity ?

All i see is greedy immoral bullshitting brats feeding each other the same tired old cliche'd defense retorts to each other year after year.. while all of planet earth ignores this shit.

Think your retarded crypto-faggotry is so legit assholes ?
Walk into a major bank and tell them you want a loan for 1 million dollars to make BlockNET.
..or yet another "mod" of it.
See how that goes dumb fucks LOL

..yup tell 'em Big time crypto-businezz up in here yo.. gonna be corporate company ceo of githubbery up in this bitch.. gonna be like all investors & shit but freedom decentralizaion ICO and mad ROI's and sick fucking innovationz & shit yo.. i jus needz me dem million dollars'sses so i can code's up all them hard'z workz !!!!111 Yeah bruh FREE MARKET dog.. DECENTRALIZAION & SHITZ !!!1 Goona be fuicking sick MOON and mad HODL up in here bro ! SICK FUCKIN' ROI'z !!!

[Shiroslullaby]

If a dev is coming up with something that is truly unique, a step forward for crypto and not just copy-pasting some code from another coin, of course they deserve to be paid.
I don't have a problem with a developer taking a percentage of the profits from a coin to cover development,
but asking for a ton of money up front is suspicious unless you have an established track record of providing development in the crypto market.

Unfortunately, making coins is the hot new scam of the last couple years.
People are getting rich off vaporware, bullshit ICOs etc because new investors are hoping to magically become a millionaire overnight.
For every decent project there are thousands that are complete garbage.
Crypto coins are the new Nigerian Prince scam.

[Spoetnik]

Did you guys read the first post when i mentioned Ethereum ?
It's the no. 2 coin people.. uhh WTF ? you think ETH is "Legit" ?
The no. 2 coin is a fucking ICO scam for crying out loud LOL  
The so called "dev" admits to having 4 million dollars...
So uhhhhhhhhhhh how the fuck did he get it and why did he dump ?
Then look at what ETH has accomplished.. is that worth 4 fucking million dollars ?
Of course not.. that is simply retarded !
ETH is used for trading on centralized exchanges.. that is it.
And that is your big success story and example of a "Legit" ICO coin ?
Gimme a fucking bloody break people with this "Legit coin" crap  

What has ANY coin accomplished ?

..trading on polo

WHoooo boy i am sooooo fucking impressed... sound like they need a million dollars for marketing huh ?

#2 coin LOL  

[Slark]

Good innovative ideas deserve to be rewarded. The question is how high this reward should be? Because taking millions of dollars worth of coins is too much IMO.
And we seem to be going that way. As always when in doubt - I would follow bitcoin example: Satoshi sure doesn't need any coins and he owns plenty.

[Spoetnik]

I never said dev's should always 100% of the time be forbidden from being paid.
What i pointed out is how the standard practice is to simply say you have Innovationz comin' ...later'' so....... hand me ICO'z money'z
In the tune of millions.

Not only are premines bad but the ICO method is corrupt and centralized and a step down from Bitcoin.
The ICO is no bloody fucking UPGRADE on Bitcoin people  

The ICO is a drastic increase in centralization and all the related bad shit that comes with it.
How the hell do you all ignore that because the shithead loser dev showed up saying he has big plans ?

How do you chant decentralization while making it more and more centralized ?
Do you all even grasp the hypocrisy playing out here or are you that blind and greedy ?

We have losers calling them selves "Investors" then so called "open source" "coins" launched as ICO's with the "Teams" and "Foundations" collecting sick amounts of millions of dollars worth of coins all to be paid out the "Team" who all got a fancy title like CEO etc.
Yeah.. CEO of a company ?
A company people ..that is where those titles come from  
Whether it's Decred or Ripple or Ethereum or LEO coin or services like Stakeminers they all got their little company titles and paychecks !

Company ?

Uhh Investards.. companies are REGULATED shits coins are not !
And since when is a centralized coin a decentralized company ?

Legit ?
Not one of you will stick your neck out and claim one coin did anything.
You yammer on about "Legit" dev's yet there is not even 1 example of the 6,000+ ANN topics here.

Are you all fucking retarded ?

You sit there and make excuses because one day 1 guy.. ONE FUCKING guy *might* be legit.
So uhhhhh yeah they "Should be paid"
Like holy christ !

That is like leaving the bank doors open all night when it's closed because 1 guy is maybe gonna be honest and not rob the bank blind.

Your stupid little facade here is going no where but down.
You will get the wrath of the authorities and lure in a few more greedy brats and more scammers.. that is it.
You all better get smart and fast because you are running out of time !

Bad behavior can and should have repercussions.. not excuses and more bad behavior.

[Redrose]

I find this perfectly normal : why would someone talented would spend his precious time developping something that will not success because he has not enough money because he would have to work most of the time to feed his family ? Also few projects are due to a sole man, so hiring a team is also an important part, marketing does matter too, and both of these things need significant amount of money. In case of Vitalik, he did a great contribution, and I see no problem to see him being rewarded for its major contribution. Do not be jealous of the others, this is bad for you ! Just be happy for them !

[dinofelis]

This is soooo socialist: people deciding about who should obtain other people's money

In a free market, you "deserve" something for a service, what people are willing to give you to obtain that service.  So as long as "devs" obtain what they obtain through their work, because people hand them over their money voluntarily, they "deserve" it.

That said, it is really surprising how much people are willing to hand over to devs from their own money, because they hope to get even more money from still greater fools, once they have joined "early" the crowd around the devs.  The Force is great in this greater fool stuff.

I'm even wondering whether I cannot launch "nocoin".  The particularity of nocoin is that it has no code, and I'm the principal maintainer of that absence of code.  It also has the advantage of not having a block chain, and as such, all discussions about the limitations of storage and so on are absent from nocoin.   There is also no danger about hardforking in nocoin: consensus is always reached.

I'm trying to get nocoin accepted at some major exchanges, but I have to say that the negotiations are difficult.   As there is no code or block chain, the presence on exchanges of nocoin is essential.  I was thinking of an initial offer of $10 for a nocoin, and I'm offering at this moment 2 million nocoins which will hopefully available on exchanges soon.  In fact, I'm even willing to offer a no-coin for $5 for the first million coins !  This is your opportunity !
Even better !  If you are interested, send bitcoins to this address and send me a private message here with the transaction ID, and I'll grant you the nocoins you've paid for once I get them on exchanges:

1NmFL2kVN4VWmDHZwycqQg6EMa2o4w7QyB

200 nocoins for a bitcoin !  let me know !
Limited offer !
Nocoin will boom, because it is way, way better than bitcoin or the existing altcoins: they don't consume any resources !  They can trade as fast as the website of the exchange you're on, and they surely will outpace bitcoin in a few years time.  You will regret not having bought your nocoins when they were at bargain prices !  Moreover, nocoins are perfectly anonymous and untraceable: there's no block chain that can be analysed !  There's even no IP sniffing possible: the code doesn't exist,and there is no network protocol that could be hacked !