instead of being asic and multipool proof, this should be scam proof, sadly it is not
Unfortunately nothing is scam proof in this world.
The money you hold in your pocket is still a scam, your government is scamming you.
When they have no more money they just send one more order to the offset printer so they will have more thus, lowering the value of what you have in your pocket. It is happening so slow that you don't realize that you have less and less money. Unfortunately, you can't do anything about it. They will never teach you this part in the basics of economy nor in advanced economy studies.
This is one thing where I think the cryptocurrencies can enter and make a change for the good. There is nothing that can protect you from scams anywhere with any kind of fiat/commodity. I think we just need to give a chance to the ones having a chance to change something. There is no such thing as scam proof unfortunately.
well yes and no...
The problem with cryptocurrencies is that there value is only driven by speculation (without any control...)
Is it not the same with the dollar ? Do you have any control over it ? Why do you feel you have control over the dollar ?
I agree that the value of cryptos is just speculation but it is the same with the fiat or gold. Their value is only what we give to it as value. It is what our brain perceives as of value. But if you are in a desert and travelling for two days with no water and carry 5 kilos of gold, you would give that immediately for a glass of water in the blink of an eye. In that moment my friend, the glass of water with a value of close to 0.01 USD will have a value higher than 5 kilos of gold for your brain/persona.
It is exactly the same with cryptocurrencies. Their real value is 0, they are only some electro-magnetic charges on some hard drive platters, but we assign value to these cryptos. Values based on ideas and usability.
Usability starts with an user base, otherwise you can't use the cryptocurrencies for their real purpose.
I think that dev of Bitleu intends to build this usability with his idea, in a slow but certain process unlike the other similar coin. Of course, there are many angry people, haters gonna hate, you know .. There will be always people hating good ideas and generally people that will be lining up in front of them. Especially lately in Romania there is this 'competition and hate' between people, even in traffic, where the amount of hate reaches tremendous levels.
I will explain by giving an example. I wait for the green light in a very crowded intersection. My wife is in the back side of the old car I owned at that time. She is pregnant with our youngest daughter and at the same time holding the two years old in her arms. This guy in a brand new car - a cheap car .. but new, starts flashing desperately and has his head outside the window saying so many bad words about my mother and his ability to have sexual intercourse. I do my best to pull the car aside so he can pass, after the green light is on, he is able to pull in my right side.. rolls down his window and spits on my old car's side window. He starts swearing again. I won't say what I did to him after, but why in the hell someone will react like that with no reason, without upsetting him in any way ? I will tell you why .. because I was in front of him and in some people's mind there is a stupid competition. He gave no reason after why he behaved like that. It is the same in the Romanian forum where we discuss this coin and I defend it. There are people offending for no reason. Some of them angry that they did not mine at first and it was not a fair launch, some angry that someone had an idea on how to make this coin, asking why the launch was not discussed and prepared on the Romanian forum for one month before .. and so on. The amount of hate is tremendous, same as in the traffic in their capital city. I have been living there for so many years and had been driving for more than half million kilometers, if someone can deny how the traffic is there, please try to, so many won't believe it.
The people there have lost their values, they gathered so much hate for each other, most of them being impregnated in their minds by the latest 25 years of political lies/controlled media/brainwashing. This guy driving his car is a clear example of the outcome of governing machine.
I believe though that there are some people unaffected.
I believe in this coin and I am mining it.
Whatever the haters are saying, that I am supporting it because I have mined it at the start .. I only started mining at block 3000 as I was never able to sync in time before block 3000. Got a bunch of coins, but this is not the reason why I support the coin. I have mined so many coins when they started and hold big amounts of many of it, some of them value so low now.. But this one is a great idea.
I would wait for the news from the BTL-Master on how he intends to spread the coins to the population.. but probably that will be decided by the Foundation and it's members.
Have a nice day and thanks for posting in this thread.
