Post
Topic
Board Altcoin Discussion
Re: Best way of initial coin distribution
by
Cryddit
on 28/02/2015, 04:41:05 UTC

I cannot think of a single way to reach a fair distribution without having a permissionless-entry stage.

I mean, when he INVENTED coinage Croesus of Lydia went entirely the other direction:  He said, "Here are tokens I give out to people who do me favors.  Now all of you have to give me one every year, so you all get to figure out what favors you can do for the people who do me favors in order to get them to give you one... every year."

In one swell foop the guy invented currency, government corruption, and taxation.  And, oh yeah, capitalism.  But he didn't see that last one coming.

The point is, not only was it "Permissionless" entry, it was COMPULSORY entry into the market, fostered by everybody working under an unavoidable debt.

CfB doesn't have the power to compel people to use his tokens, so permissionless is really the best he can do.