Post
Topic
Board Altcoin Discussion
Re: Communist Bitshares Wealth Redistribution IS THEFT!
by
FandangledGizmo
on 07/01/2015, 06:15:03 UTC
BitShares is free market capitalism that has given power to the people of their own property

I don't want miners to have power over me, they're my coins, give me a vote. Our community would have voted Ghash.io out in a few minutes and not let them get 40%+ control. Ghash.io is what happens when you give up your personal freedom to hashers. (Not that I don't like Bitcoin, but I believe we have better models now.)

Why does the OP think distribution of coins to miners is not re-distribution of wealth but distribution to development, infrastructure and marketing is?

How has the $80 million that Litecoin paid to miners last year helped LiteCoin? - That's a messed up system having no choice but to pay 30% tax a year and getting nothing in return. (In LTC's case miners actually earned more from new coins than LTC is even currently worth.)

In the same period, with a few million dollars, BitShares developed arguably the most advanced blockchain in crypto with a decentralised exchange & BitAssets which are a technological triumph. They are already at no.5 within 6 months of release.

I have small amounts of other coins and personally prefer no inflation,  but the pace of BitShares progress right now is crazy & their model means that trend is logically going to continue & leave other outdated blockchains behind.

OP's Pictures are quite funny though.