Post
Topic
Board Altcoin Discussion
Re: A.I. Coin Pre-Release Development Diary
by
SlipperySlope
on 22/03/2015, 07:50:01 UTC

The company is the sole miner of AI Coin. The 7,200 aicoins created each day will be sold on an exchange or otherwise directly paid for expenses.
...


Wait... What happened to:


Will the initial distribution of wealth in Bitcoin-PoS be exactly as per the unspent outputs in the bitcoin blockchain at a certain point in time in the future, or will you consider redistribution of wealth if you find popular support for it?

I would keep the blockchain as is....


Edit: cuz I'll support a project which preserves the effective scarcity of bitcoin (if the tech, etc, is good), thereby supporting the idea that cryptocurrency can be scarce and therefore valuable.

But if you are creating an alt-coin that doesn't tie into bitcoin's ledger (ie, the utxo-set), you are directly attacking the notion of crypto-scarcity, and therefore the idea that crypto-currency can be good money. In which case I will vocally not support this project. And FWIW, I've been approached in the real-world by your representatives.


In my May 2014 whitepaper, I proposed a dramatic change to the way that the Bitcoin blockchain is secured. I changed my approach due to the prevailing wisdom among core developers that radical innovation should take place in altcoins first. AI Coin would have to be very successful in order to grow to the point of diluting Bitcoin's market cap.

Sorry to lose your vocal support, but happy that our community has reached out to you already.

We are attending the Texas Bitcoin Conference, and will launch at Inside Bitcoins New York, April 27-29. I would be glad to meetup and discuss cryptocurrency.

http://ai-coin.org