This is an unexpected turn of events, to say the least.
BCX, you were one of the most vocal critics of MaxCoin from day one and it gives me hope that if someone such as yourself, who was so critical of the project initially, can unwind their biases and ultimately appreciate the innovation and potential of the underlying technology, then it's possible to turn the tide of negative sentiment towards MaxCoin in the opposite direction. I have been an ardent supporter of this project right from the get-go. My involvement has very little to do with Max Keiser, and a lot more to do with the fundamentals of the technology. MaxCoin is the only viable SHA3 coin, and it's launch (though chaotic) was undeniably fair with a highly diffuse initial distribution of mining rewards. It's also FAST. The speed of transactions on the MaxCoin network never ceases to impress me. And the KGW algorithm is beautiful to watch in action (see
http://www.maxtalk.org/faucet/hashratedifficulty.php).
MaxCoin is one of the FEW altcoins that I see true potential in, despite the overwhelming negativity it has received from a certain segment of the cryptocurrency community. This sea of negativity only serves to reaffirm my belief in the project, because why would so many people feel such a need to spread misinformation and trash it's reputation, if not for the fact they are afraid of the competitive threat posed by MaxCoin to the almost hegemonic dominance of the cryptocurrency markets by the bitcoin community.
I don't see MaxCoin as a threat to bitcoin in the least. There is plenty of room in the emerging cryptocurrency market for genuinely innovative coins with ideology that is almost perfectly aligned with that of bitcoin. We are stronger when we able to look past our differences and cooperate with each other. If the cryptocurrency movement alienates itself and splits into fragmented, isolated factions that do nothing but bicker and troll each other to death, then we will have done most of the legwork for our fiat ponzi overlords who have used the strategy of 'divide and conquer' for thousands of years as a means of wielding power and dominating a weak, fragmented society. Lets not play right into their hands if we can at all avoid it.
I admit, the project didn't get off the ground as smoothly as was initially planned, and the early pools were entirely unprepared to cope with the massive amount of interest the launch attracted. Even bitcointalk, a pillar of the crypto world, was unable to withstand the load brought to bear by the MaxCoin rabble. The early pools struggled to deal with the massive DDoS and RocketPool (which is operated by one of the devs) had to shut down because their hosting provider was unwilling to continue offering them service. In my opinion, it was this that enabled 1GH to obtain a disproportionate share of the mining market, and I have had little success in trying to convince the 1GH miners to pull out and point their hashes at a smaller pool. But it would appear the miners at 1GH are more stubborn than my 4 year old niece, and seem to care little for the security risk they are posing to the blockchain by continuing to mine with a pool that has upwards of 80% of the network hashrate.
I have spoken with the dev of 1GH extensively, and I am confidant that 1GH does not pose a real risk to the blockchain. Yes, technically they could 51% the network, but doing so is not in their interest as it would seriously affect their bottom line and ability to profit from MaxCoin going forwards. It's not an ideal situation by a long shot, but a game-theory analysis of the situation suggests it's a stable Nash equilibrium.
Anyhow, I am still as confidant in the long term success of MaxCoin as I was on day 1. If not more so. Every day, the MaxCoin community is establishing itself more and the early infrastructure of the ecosystem is being furiously developed by a group of passionate free market ideologues. We are the Randian heroes that Ayn Rand described in Atlas Shrugged. Lets not overlook the forrest because of the trees and forget the face of our common enemy - the vampire squid, who will do everything in it's power to enslave all of society by turning into mindless, indentured wage-slaves who toil the financial plantations to appease our hegemonic paper-ponzi overlords.
More crypto is a GOOD thing! The proliferation of this technology is occurring at a pace that hardly anyone expected. We should embrace this, not hamper it's progress. If we had a lot MORE crypto and a lot LESS fiat, society would be a lot better off. Lets try to keep our eyes on the target until we have dethroned fiat currency from it's unyielding monopoly on currency. We must remain vigilant, because you can be certain that those would would seek to oppress us will not waver in their resolve.
We are the only obstruction standing in the way of the establishment of a global fascist autocracy. The cryptocurrency movement is TRULY the last basion of economic liberty and free-market capitalism. It
must succeed or else we are ALL doomed. I for one don't want my grandchildren growing up in a world where the concept of INDIVIDUAL LIBERTY is nothing more than a nostalgic remnant of times long past.
