[POLL] Do Altcoin Dev's Deserve Money ?

[marseille]

Spoetnik I have the same feeling as you do. But this is wild west with new regulations, people do whatever they want to cheat money. What I don't get is that there are "investors" so stupid to invest into these ICOs.

[buwaytress]

I answered "yes" but I suspect I misinterpreted the true meaning after reading the first 30 posts haha.

1. Any kind of work should get compensation. Deserves is entitlement... what's that saying? You get what you get, you deserve all the rest.

2. I do agree that a true project often starts with people who truly want to fix something, work on it, and share it. The community, having realised the worth or importance of the project, often voluntarily pays or donates. Spoetnik's right to point out the great projects all start out like this -  advocates and believers who pour their lives, money, savings, everything into an idea, and still after a working product is shared, do not feel they deserve to be rich. I myself whenever possible use these "free" projects and always pay what I believe is correct. Voluntarily. A good project will pay for itself.

3. The sad - and as a newbie only several months learning about crypto, I feel VERY sad seeing its state, especially when a newbie's education on bitcoin talks about its foundations and its ideals - truth is that crypto is seen by so many as their chance at a quick buck. Nothing wrong with wanting to make money, I do too! But I think at this rate we're going to kill the goose that laid the golden egg.

[Huge Black Woman]

You all is a buncha suckas, an' I know mosta y'all jist postin' bullshits here ta git paid fo' you wack ass signature campaigns.  I feel confident thet nonea y'all is gon' read this anyway, so fuck y'all.

Now onta the subjict.  Hail no, those muthafukkas is all scammers, ever' last onea them.  Nobody tryin' ta develop anythin' good fo' the sake o' the crypto community.  They diligently obfuscatin' they true motives behind a cloaca altruism.  But they all jist linin' they own pockets at tha expense o' all you grubby ass suckas.  As I say, fuck y'all.

[Spoetnik]

Spoetnik I have the same feeling as you do. But this is wild west with new regulations, people do whatever they want to cheat money. What I don't get is that there are "investors" so stupid to invest into these ICOs.

Well i have no major interest usually in singling out each project.
I always speak in general broad terms here.
I speak to the crowd..
Topics like this are to get us all collectively talking etc.
It is not about me or some specific dev etc.

From my perspective when i got here when BTC was sub -$50 this shit has gone down hill hard.
Many of you new guys here have no idea.
There was a time when the idea of an IPO / ICO was frowned on and flamed off the board.
Each new generation that comes along keeps lowering the bar with their sense of entitlement.

I hope everyone sees how simply ridiculous this has all become..
AND how it won't end well.

AKA: Victims.

Now i ask you all do you care about the victims or will you quickly defend your right to profit ?
This is a giant game of passing the buck of responsibility and accountability.
Who is owning up to the never ending list of bag holders for life with worthless "tokens" ?
Do you all care to ask that question ?
I don't think you do care people.
I think you have a who cares.. fuck 'em attitude and then count your money.

This topic shows the SOURCE unleashing bullshit for profit and all of you going along with it while bad mouthing them.
While you all still count your money.

The dev's deserve to be paid.
The Investors deserve to make a cut of the profits.
Then you think.. the losers deserve to go broke.

Fine.. if it was fair but it's not.. there is no regulations and governing body watching out for the little guy in crypto.

Want to throw around the term White Paper and CEO and Investor and ICO ?
Well who is going to jail for insider trading like Martha Stewart in our crypto world ?
No one !
Hell look at GOX & Cryptsy...
I guarantee V. Butters would be charged and quite possibly convicted of fraud of some kind if he had stock market regulations going on here.. it was obvious he was involved in some shady shit on launch (as well as Coindesk) Those guys bought up a worthless shell of an ICO token in 2014 in blocks of 100 BTC at a time while no one was looking and THAT is how he ended up with 4 million dollars worth 2 years later.

You all collectively deliberately ignore massive red-flags and warning signs and support bad projects such as Ethereum making it the no. 2 coin on planet earth.. so you can get a cut of the profits.. ASAP.
You don't find it odd how no one would touch ETH for 2 years ?
Thought to ask ?
Nope.. fuck no.
All you guys do is look, then see it's pumped NOW and you see dollar signs and dive on it like flies on shit.
ETH is the no. 2 AND SCAMMY because it was manipulated.

Back in 2014 people laughed at the Ethereum foundation and all their little corporate titles and the list of payments all the little figure heads got (which none of us had heard of the people)

Should dev's be paid ? (like they are now usually with ICO's and large amounts of BTC)
As sure as hell say NO !

You all completely ignore how things are RIGHT NOW and chant on about idealism.
There is a blatant disconnect from reality in Crypto and no one is taking any responsibility for the giant Ponzi / MLM / Pyramid scheme machine the Altcoin world really is.

[dfox101]

When there are easy money, people all want to rush in, there's no fault for the scammers, there's the fault of no rules and regulations. In today's world, people tend to cheat in order to get money, especially they can get away with it, altcoin is a perfect vehicle for this.

[Spoetnik]

The point i hoped people took away from this was..

Hypothetically we have a dev that could be making a standard coders wage.
Or what we always see here in Crypto.. overnight millionaires.
Of what ? "One Day" coins ? Coin #5,421 ? ANN topic #4,598 ?

In other words i am trying to highlight the obscene charade this has become.
While pointing out the difference between dev's getting paid a reasonable amount of money for work completed..

vs.

Getting a check for a million dollars up front in BTC.. then accomplishing nothing.
Such as BlockNET and them chanting "smear campaign" and FUD / Troll and then letting hosting expire after 1 year and releasing fuck all to the supporters who waited for a year.

Kind of funny in about a year and a half since it came out i do not recall seeing even one single person in all of Crypto mentioning it.. and guess what BlockNET Investards ?
You were all loud mouths !
You all lined up to shoot your god damn mouth off at me and cry Troll.
Where did you scammy greedy little kidiots go ?
Let me guess you all dumped 1+ year ago and have since hopped from coin to coin 1,000 times since. ...BlockNET long forgotten.

Anyway
Being paid a little.. being reasonable vs Winning the Crypto-Ponzi-Lottery via the greedy hoards who showed up here for MAD SICK ROI'z yo !!!111ONE

LIEKZ OMGZ I WONZ TEH MUTHA FUCKIN' BITCORN TALK ICO LOTTERY'Z !!!1111ONE

..time to make another one LOL

[Pursuer]

interesting question and in my opinion the answer is no. and I do believe that a real developer wouldn't look for getting money for the development he puts into an open source project anyways. just as the biggest developer (Satoshi Nakamoto) never asked to be paid when he made bitcoin.

a real developer is an experienced programmer, and an experienced programmer already has a high paying job and is satisfied enough not to want money from his open source project.

all we see these days calling themselves "devs" are kids with no experience and no job and life but have big ambitions wanting to become rich over night by getting involved with something that can create them wealth out of thin air since all they do is copy paste.

[Spoetnik]

People claim all this code is written from scratch..
Being a self a taught coder myself i know it's bullshit but people believe it.
Thing is why would you rewrite all the code when it's not needed ?
The Ripple guys admitted to using "Boost" for example.
A lot of the time coins are simply a modded project.
How much was modded or written new is the question..
and is relevant to how much they DESERVE to get paid.. if at all.


EDIT:

You know people i think you are missing the point here with comparisons.
I for example seen Shelby argue big projects don't get done with out a million dollars up front etc.
Ok well *sometimes that may be the case, but..

Let's take for example the PC game Grand Theft Auto.

I had heard online lots complaints about the deadlines, long hours, working on days off or on personal time and lower wages and intense pressure ..that did NOT equal the pay they received.
It essentially amounted to a high-pressure sweat shop job.

now..

You guys tell me these coin dev's have pressure like that or even accountability.
I mentioned this earlier..
Dev's in Crypto can make some excuses for a year+ then do nothing. (like the Blocknet ICO dev did)
It's real simple guys had that guy been working a normal coding job he would not have gotten a million dollars up front and then been able to stall them for a year with excuses.

..with out being fired  

Who is peeking over the shoulder of coin dev's to see they are ACTUALLY working ?
Who actually keeps them accountable long after the hype of launch day evaporated and people dumped and got bored and wandered off.

No one !
The dev is then free to take his wad of cash and hit the bars.. crack & hookers and crying FUD time.
The money is simply not accounted for at any point usually and if it is it's a simple list in a text file or web page saying where some of the money went.. you never see people asking a year or two later.
Because you all don't care.

Do Crypto dev's deserve a giant cash prize up front for claiming they will make the Bitcoin Killer ?
Fuck no.. and the reasons are pretty well infinite.

[Pumpkinetic]

Some coin devs deserve money to help build wonderful new tech for us to all enjoy. Thats life my friend.

[Spoetnik]

Some coin devs deserve money to help build wonderful new tech for us to all enjoy. Thats life my friend.

A year ago i counted 6,000 ANN topics roughly.
So name ONE example (of 6,000) of a coin project that gave us.. "wonderful new tech for us to all enjoy"

I can think of 0.

[MicroGuy]

Coins devs are like everyone else. They need shelter, food, and heat. Most all the devs I work with have jobs outside of cryptocurrency so they can support themselves.

I guess the answer really must be looked at on a case-by-case basis. I'd say it really all depends on what each particular community wants and needs. After all, when we're talking about a currency, what we're really talking about is a community. All the technical things are trivial.

I wish we had more money to pay our devs. They work so hard and share their time generously, never complaining. In fact, almost all of the complaints I hear come from those that contribute nothing and build nothing.

[Spoetnik]

Many of us have wrote code and given it to you all for free.. such as myself.

They are selling us a solution to a problem they created.
We don't need 6,000 ANN topics with people whining they need to buy dog food & tampons..
..when in reality they are raking in a million in Bitcoin.

Case in point Lorie Nettles.. pulled the i need money for Tender Viddles excuse.
Dumb fucking greedy cunt just wanted cash money.
So she spewed some bullshit and had her hand out.

You all so god damn generous ?
Gimme your BTC then LOL

It boils down to what do you determine as "Wonderful tech"
I have said the only innovation i ever seen was ANON.
And unfortunately the implementation in my opinion will go no where.
Other than that i can cycle through them all and say 98% of them all are a load of fucking bullshit.
Nothing but me-too coins with gimmicks attached to them.
AND YOU ALL KNOW IT !

What you all forgot about multi algo coins ?
Where the more the better.. X5 X11 X13 X67  

Country Coins ? Meme Coins ? ..Kitteh Coin bag holders in the house ?

Fuck off with the dev needs to be paid bullshit.
You need to be paid for what ? There is no real useful coding work being done !
You greedy douches are not entitled to a Crypto Job paid to work on some coin for some other scammy douche.
I argued this 2 years ago with a well known guy here i won't name..
He kept insisting he needed to get paid.. doing anything.. for any coin..... he didn't care.
So don't sit there and feed me this noble cause with integrity crap.. no one is buying it.

[Zadicar]

Some coin devs deserve money to help build wonderful new tech for us to all enjoy. Thats life my friend.

A year ago i counted 6,000 ANN topics roughly.
So name ONE example (of 6,000) of a coin project that gave us.. "wonderful new tech for us to all enjoy"

I can think of 0.

You are right i didnt see such coin that give us new tech besides bitcoin because i do only use bitcoin no other coins could able to do on what bitcoin did.Regarding on the topic i think we cant still stop devs on making money on their own coin since they have the full control of it and i dont know why there are ICO's which stupid people are just feeding up the devs thats why most of them goes scam.

[Spoetnik]

@Zadicar
It takes "Investors" to pay them (the key part of the crypto-world-system)

When i came here there was no such thing as an IPO / ICO coin.
Then Ripple came out..

Users here figured out they can portray crypto-coins as "Penny stocks"
and then claim "coins" are now "companies" and then hold their hand out looking for "investment"
So, it snow balled and is now out of control.

When i started users would code for free here.
Coins were launched fairly and we all had the same opportunity at launch as the dev's.
Now ? the richest hold all the cards & power.

Now a millionaire whale can walk in and pay some kid to make him a coin then sit on ICO launch day and buy them all.
And chances are no one will even notice because the new ICO coin was given little attention because it did not sound like a worthy replacement for Bitcoin.
..so it will go ignored by the masses and the whales know it !

And that is when being rich helps.. they game the system like what happened with Ethereum in 2014.
Some mysterious figure was buying up blocks of 100 BTC chunks of ETH non stop on the ICO launch.
Later V. Butters shows up with many millions and millions of dollars worth of ETH coins... hmmmm  
Fair ?
Crypto has become a rich mans game.. and this takes fat stinky shit all over this decentralized free market ideology bullshit crap you all spew.

You all advocate the massive giant pyramid scheme ICO scam system so the super rich get richer and so YOU you profit a single BTC while the dev walks off with MILLIONS in BTC.

If these were like "Penny stocks" then half the guys in crypto would be in jail already.
There is what would normally be considered "crimes" going on here 24/7.

Step back and look at how the entire crypto world has changed in time people..
It has morphed into a massive system of pumping out *usually ICO coins with yet another gimmick attached.
Non stop.. and they don't stop coming.
Because there is a never ending line of "Investors" who are willing to invest BITCOIN into anything they consider as a potential for profit.
The whole entire system can be perceived as a pyramid scheme of sorts.
That would be more accurate then saying "Penny stocks"

It takes 2.
It takes buyers to buy the product the *paid* dev is making.
They would have no way to sell us shitcoins if you all quit buying them.
But you all showed up here dead set on profiting from something.. anything., AND NOW !

PS:
I am not against profit etc.
I am against profit from obviously scammy bullshit.
I don't care what people "Invest" in.. i just hope they would exercise some morality doing it.
Find a project YOU BELIEVE in and support and be a project supporter. (not a worthless profiteer)
What ever that is ...is up to you guys.

For example i do not support Monero but i have a lot more respect for the Monero supporters who are sincere and believe in there cause.
Versus a random profiteer who shows up here saying, well who cares.. i want Bitcoin profits.

[eaLiTy]

Spoetnik I have the same feeling as you do. But this is wild west with new regulations, people do whatever they want to cheat money. What I don't get is that there are "investors" so stupid to invest into these ICOs.

You cannot imagine a regulatory board functioning to monitor these things and as long as anyone could come up with a new idea and can convince a mass audience people will invest money in it and so is the reason we have seen many scams throughout and people still keep on investing on new ideas and coins ,Alt coin dev really make a huge amount of fortune if they can market their ideas really well as we have seen in the past.

[Spoetnik]

Spoetnik I have the same feeling as you do. But this is wild west with new regulations, people do whatever they want to cheat money. What I don't get is that there are "investors" so stupid to invest into these ICOs.

You cannot imagine a regulatory board functioning to monitor these things and as long as anyone could come up with a new idea and can convince a mass audience people will invest money in it and so is the reason we have seen many scams throughout and people still keep on investing on new ideas and coins ,Alt coin dev really make a huge amount of fortune if they can market their ideas really well as we have seen in the past.

I don't think a dev needs to be convincing as much as he needs to make it seem passable.
If it seems fairly legit on the surface that is enough.
Users are far too wiling to take a random forum names account here for their word.
What they are REALLY concerned about is..
Does the new coin gimmick etc provide a tangible opportunity for profit.
It's not about convincing anyone of anything.. other than a pump is coming.

Lets not play the victim game here again.
No one ever did care.
They came here to profit.. they are aware of the high risks but they don't care.
People are not being "fooled"  

Criteria for investment ?
Will it be popular and make me money ?
That is it.. they don't ACTUALLY care if they are legit or not (and will get mass adoption etc)

[Pumpkinetic]

Some coin devs deserve money to help build wonderful new tech for us to all enjoy. Thats life my friend.

A year ago i counted 6,000 ANN topics roughly.
So name ONE example (of 6,000) of a coin project that gave us.. "wonderful new tech for us to all enjoy"

I can think of 0.

ETH,
Vidz,
Waves,
NXT,
Jewels,
Bitbay,

Just to name a few.

[Viscount]

They deserve only their coins which cost nothing

[Spoetnik]

Spoetnik I have the same feeling as you do. But this is wild west with new regulations, people do whatever they want to cheat money. What I don't get is that there are "investors" so stupid to invest into these ICOs.

You cannot imagine a regulatory board functioning to monitor these things and as long as anyone could come up with a new idea and can convince a mass audience people will invest money in it and so is the reason we have seen many scams throughout and people still keep on investing on new ideas and coins ,Alt coin dev really make a huge amount of fortune if they can market their ideas really well as we have seen in the past.

Good comment.. gets ya thinking (off-topic)
I don't think that bodes well for the crypto scene's future.

I am confident some type of regulation will end up being put out eventually by at least a few of the larger major countries.

[DimiZb]

It depends, to the scammers, they don't deserve any money, clever investors would never fund them. Actually only real projects' devs deserve the money, like Vitalik Buterin