Quote from: chompyZ on January 16, 2015, 10:29:25 AM

Quote from: J9901 on January 16, 2015, 09:00:03 AM

^^ Is this really the response the viacoin community is going to leave with for this concern? When there is no valid explanation we just sweep any crticism/concern under the rug?

a. It's a free world, in which anyone can invest as they like, as much as the like/ have/ or believe in a project.

b. OTOH has proven to be a legit long-term hodler, far from the P&D type.

c. BTCdrak has proven to be a legit long-term hodler, far from the P&D type.

d. BTCdrak holds funds of the 'community'. they are not his. These funds are used to support the development of Viacoin & CH. If your point is that there needs to be agreement / control / consensus / multi-sig / whatever on these accounts, then my response is that this has never been debated as BTCdrak has earned himself reputation as responsible and fully dedicated, and i myself have no fears of him scamming me etc.

e. OTOH holds 1.5m coins out of 13m coins. that is far from having a 'control' over the coinbase. Furthermore, more coins are mined every 24sec, so next year his stack will be of merely several percents of the coinbase... i.e. nothing to be alarmed from, and certainly not in a position of control.

f. A few days ago, someone bought 100k viacoins in less than an hour... It is a free market, and you are invited to buy as much as you want. In today's prices, if you desire to reach a similar 'control' stake as OTOH, it takes merely 150BTC of investment...

I am not naive, and I am somewhat paranoid... but my decision to support Viacoin is completely rational, and i'm not trying to hide any of your points under the carpet. Many of us in this community have noted these points before, considered and evaluated the risks of being scammed, and eventually concluded that this coin is legit, the developers and their efforts are real, their progress is real, and we support it... in spite of FUD and self concerns that i'm sure everyone has at some point or another.

+1. It's an act of faith. There is no rational argument to be had, indeed it is counter productive to make a good case.

Decent developers get on with the job, get enough capital together, and lots of reward too.