Have you never put a bag over someones head and have them agree to whatever plan you have knowing that they want to be a part of whatever it is your doing? This is just about how I view crypto currency, all of them, bitcoin and all of its bastards, some very intelligent cryptography experts have sold the rest of the early adopters a chance to come out ahead of the Jones's with "new" (untested) currency for peer to peer trade, with some economic theory that makes all early adopters rich cause it is easy to obtain while in its infancy but will become more difficult and therefore more valuable as it grows, such a truly beautiful design it has Wallstreet sold on it (crooks) and thousands of people worldwide.
It only makes sense to follow in the steps of the most successful coin, the parent coin, and adopt the same rules that it started with and attempt to climb to its same status, give early adopters (supporters) a chance of great wealth, knowing that people talk and it will spread further, spread the information of the new and great currency so the few founder's attain great wealth.
Greed, i think so, or maybe it can be summed up as capitalism , not necessarily greed Per Se, but a personal drive to obtain wealth.
The philosophy behind bitcoin has been disguised and hidden from the masses and has also become directed by the greedy (capitalist) community, the proof is that the common person cannot easily obtain a fair share of the currency without possibly falling victim to the volatile market, pretty sure everything I read 7 months ago was against people becoming victims of a market and crypto currency was meant to become a fair trade means of bartering peer to peer, when bitcoin became difficult to obtain greed set in, and developers of other coins followed the best path to success.
my 2 cents
yeah one of the biggest things I don't like about Bitcoin is the block reward reduction and its in almost all the other coins
I left it out for Blakecoin as it just feels wrong I want to be able to mine for many many years
also the pre/insta mine type coins are a joke but so many take it as "most profitable" which is crazy as after a few months some of them only offer 1 coin block reward, who is going to mine 1 coin block reward when at the beginning it was 1 million or something
Ya the insta mine thing makes no sense at all to me, if you want to continue to have a network, then the coins need to keep coming as a reward, it will be interesting to see what happens to the networks in the future, i will look at blakecoin's model now, I am following the bernankoin cause the difference in rewards is so far off from mainstream early adopt coins, I think as crazy as the joke is it actually makes sense to continue to reward miners, no matter that they get rich (happens in the physical industry).
