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Author Topic: Since SC2 is dead, maybe it is a good time to release the sources ?  (Read 2203 times)
DeathAndTaxes
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Gerald Davis


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October 12, 2011, 12:42:00 PM
 #21

So far, "premine affects adoption" theory has seen zero confirmation in actual reality.

Now, shitty code and ill-constructed diff adjust, those will leave a dent. Or two.

Well you have no idea how much premining affected adoption of your coins.  I like some of the concepts but once I learned of premine I lost any interest.

Sorry nothing personal against you (or any developer or any chain) but I don't believe any currency based on not needing trust while at the same time including a premine thus needing to trust the owner/developer will do the right thing.

So premining does affect adoption (at least somewhat) HOWEVER I can say personally

"having internal obfuscated wealth transfer mechanisms is far scammier than a premine".

Maybe at some point in the future premine can be done in such a way that doesn't rely on trusting an individual.  Some innovation where coins are held by the network in aggregate and issued based on consensus of hashing nodes to developers, bounties, and non-profits.  Until that point premines are a non-starter.  The larger the premine the larger the non-starter.
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October 12, 2011, 12:44:42 PM
 #22

Heh, an even better dreamtech would be a laundry that doesn't need a huge-ass buffer to guarantee transaction history debridement.

Also, if you don't trust the dev, why do you trust pool-ops and exchange ops to do the right thing? Or for that matter, the peeps who just happen to have enough BTC to crash the market (of whom there are likely many)?

BTC has SPOF-trust shenanigans like everyone else.

The problem with CH is that his strange obfuscated shtick is harder to track than my humble premine (which everyone can track easily) and that his diff adjust fuckup (as well as other fuckups we all know too well about, see the first AF incident) does not bode well for hypotheses about the quality of his other code.

Hiding sources (something I never did and never will do with TBX) is also not very good for trust.

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

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NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
Lolcust
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October 12, 2011, 12:52:02 PM
 #23

Heh, an even better dreamtech would be a laundry that doesn't need a huge-ass buffer to guarantee transaction history debridement.

It's only dreamtech until it isn't.  5 years ago if I told you the idea of bitcoin in high abstract level it likely would be labeled "dreamtech" Smiley

That would be ossom, I'd love to live to see it happen

But so far, Huge Premine laundry is the best route known to man Sad

Also, see edit above on SPOFs

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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