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Author Topic: If Satoshi released all the coins you see today in 2009, which would you pick?  (Read 596 times)
coin-ninja
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April 03, 2014, 12:36:06 PM
 #1

Bit of a hypothetical q for those interested, if satoshi was not a greedy little shibe and had spent more years making every coin we see here today predicting multipools/attacks/asics perfectly, then just released them all in one big drop with bitcoin somewhere in there (to give each implementation a more democratic start) which one would reign supreme? or would they all flop?

He obviously ran through this in his mind but went ahead with the most profitable longterm avenue for himself, in the same way you would when choosing which coin to mine, he knew that and hence why we will be blessed with shitcoins vying for attention till the end of time unless they out compete heavily on all fronts.

basically if distribution, release timing/adoption weren't an issue and only judging on the details which one would you back the most?
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April 03, 2014, 12:41:44 PM
 #2

I like the scrypt version of peercoin.
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April 03, 2014, 01:27:54 PM
 #3

Bit of a hypothetical q for those interested, if satoshi was not a greedy little shibe and had spent more years making every coin we see here today predicting multipools/attacks/asics perfectly, then just released them all in one big drop with bitcoin somewhere in there (to give each implementation a more democratic start) which one would reign supreme? or would they all flop?

He obviously ran through this in his mind but went ahead with the most profitable longterm avenue for himself, in the same way you would when choosing which coin to mine, he knew that and hence why we will be blessed with shitcoins vying for attention till the end of time unless they out compete heavily on all fronts.

basically if distribution, release timing/adoption weren't an issue and only judging on the details which one would you back the most?

Hard question to answer, but the right question to pose. +1 for asking it.






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April 03, 2014, 01:30:37 PM
 #4

Still goin with NXT.  Most innovative one by far.

Nxt:  NXT-5BHG-9VRE-QGW6-DRZVQ
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April 03, 2014, 01:33:11 PM
 #5

asspennies
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April 03, 2014, 01:39:30 PM
 #6

This proposition is insensible. It is like asking if Disney released Frozen in the theaters, on DVD, and on BitTorrent all at the same time, which would you choose?  And then after downloading it, thanking BitTorrent for making the movie, not Disney the greedy thugs whose employees expect to get paid to work, you know, unlike Satoshi who worked for free, and holds coins which are nothing more than random numbers out of thin air that have value only because the idea he created and gave away turned out to have some sort of merit.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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April 03, 2014, 01:44:05 PM
 #7

Wouldn't pick any coin, because most of this forum would call him a scammer


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April 03, 2014, 01:50:51 PM
 #8

Bit of a hypothetical q for those interested, if satoshi was not a greedy little shibe and had spent more years making every coin we see here today predicting multipools/attacks/asics perfectly, then just released them all in one big drop with bitcoin somewhere in there (to give each implementation a more democratic start) which one would reign supreme? or would they all flop?

He obviously ran through this in his mind but went ahead with the most profitable longterm avenue for himself, in the same way you would when choosing which coin to mine, he knew that and hence why we will be blessed with shitcoins vying for attention till the end of time unless they out compete heavily on all fronts.

basically if distribution, release timing/adoption weren't an issue and only judging on the details which one would you back the most?

I would pick only Bitcoin!

 
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April 03, 2014, 02:23:42 PM
 #9

This proposition is insensible. It is like asking if Disney released Frozen in the theaters, on DVD, and on BitTorrent all at the same time, which would you choose?  And then after downloading it, thanking BitTorrent for making the movie, not Disney the greedy thugs whose employees expect to get paid to work, you know, unlike Satoshi who worked for free, and holds coins which are nothing more than random numbers out of thin air that have value only because the idea he created and gave away turned out to have some sort of merit.

If he never gives them away, his holdings don't realise their value, so he was working for that value (not free) which i have no problem with btw and he deserves every satoshi ... My point is he knew the shitstorm would come, and as tech enthusiasts we are playing into his game perfectly, placing a huge value on existing adoption because it is used by others and that is not normal for nerds who normally gravitate to the best engineered and most logical solution.

So with the murky topic of money maybe we aren't they best bunch to analyse merit if we can hardly come to any sort of consensus outside of original top 2. I think giving our seal of approval to something new every week will mean even the coin devs will start to look for other distribution channels to get a truer measure of validation.
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April 03, 2014, 02:49:53 PM
 #10

This proposition is insensible. It is like asking if Disney released Frozen in the theaters, on DVD, and on BitTorrent all at the same time, which would you choose?  And then after downloading it, thanking BitTorrent for making the movie, not Disney the greedy thugs whose employees expect to get paid to work, you know, unlike Satoshi who worked for free, and holds coins which are nothing more than random numbers out of thin air that have value only because the idea he created and gave away turned out to have some sort of merit.
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April 03, 2014, 03:26:46 PM
 #11

NEM fairly distributed

Fair Launch, No Premine and Active Devs = Logicoin
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April 03, 2014, 08:13:56 PM
 #12

Primecoin or Riecoin, because the PoW is the least useless of the bunch.
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April 03, 2014, 09:38:03 PM
 #13

i'd pick a 100% POS coin just because it doesn't take much to function as a whole coin Smiley

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