Man, they never listen.
It ain't about PoW vs PoS. It's about allocating all the darn coins so close to the beginning that it makes no economic sense.
It ain't about PoW vs PoS. It's about allocating all the darn coins so close to the beginning that it makes no economic sense.
Wow! One sentence. Straight to the point. I wish I had your skills.
You do realize chain that what cry said is against PoS right? PoS distributes coins at the very beginning to shareholders...
I just focused on the wrong part of the sentence then. The part where it said it isn't about PoS vs PoW, but it is about finding a way that makes in impossible to economically game a system.
Whether it takes 1 day or 100 years to distribute coins, it doesn't matter. What matters is that it is done very widely, and in a way that the coins are still very valued. How a person reaches the end goal doesn't matter. There are advantages and disadvantages to both systems. Not going to hash out the old debate here of PoW vs PoS. People are already stubborn and hard headed in their beliefs.
Back to the point. How can CfB distribute his coins for his new project in a way that people won't accuse him of only having 20 stake holders?