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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 688160 times)
IMZ Noo Account
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Today at 03:06:22 AM
Last edit: Today at 05:09:46 AM by IMZ Noo Account
 #3941

'1) Hardfork with all of the current coins reduced down to 1/10,000th of a primecoin. This will clean up the richlist within a few weeks and make it have a more fair history'

I'm not sure I understand this. After the reduction, do you go back to the same emission rate as before the reduction?

That is (I think) either you're 'moving the decimal point' on your entire coin, or you're confiscating value.



IndiaMikeZulu


The Legendary 'IMZ' account is/was me. 'IndiaMikeZulu' has been active since May, 2013
BTC: 19ses99BZvyv7y3Dbh39rFnZEdGSh98QNn  Peercoin: PBJtHkeALGHxN4HBFfbctCaXPXLwHYtXc3
PrimeHunter2023
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Today at 05:09:00 PM
 #3942

'1) Hardfork with all of the current coins reduced down to 1/10,000th of a primecoin. This will clean up the richlist within a few weeks and make it have a more fair history'

I'm not sure I understand this. After the reduction, do you go back to the same emission rate as before the reduction?

That is (I think) either you're 'moving the decimal point' on your entire coin, or you're confiscating value.



IndiaMikeZulu



A lot of coins were made with the premise that the coins would be emitted quickly so later people could be made serfs.

Now it turns out later people aren't interested in being serfs.

The choice is either let the coin disappear or make it a little fair to bring people back.

~

The entire crypto market is much thinner than most people think. The vast majority of the crypto economy is a few thousand people being led by a few dozen people.

It can either be mainstreamed by promoting decent coins or it continues as a scam facade.

Why should most of a coins supply be given quickly to a few people unless the purpose is to scam?
IMZ Noo Account
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Today at 06:09:30 PM
 #3943

'A lot of coins were made with the premise that the coins would be emitted quickly so later people could be made serfs.'

insta-mining, stealth mining, dev's wallets, bounty wallets. Agreed.

The Legendary 'IMZ' account is/was me. 'IndiaMikeZulu' has been active since May, 2013
BTC: 19ses99BZvyv7y3Dbh39rFnZEdGSh98QNn  Peercoin: PBJtHkeALGHxN4HBFfbctCaXPXLwHYtXc3
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