Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission?
Can you see how smooth our white knight is, dear reader?
He admits to a scam launch, gives us a sense that something was going to be done about it and in the end nothing was done about it.
* He admits there was a scam and an instamine.
* He also admits nothing was done about it.
But that, apparently, is all ok. Because our White Knight explained everything that was going to be done to make the scam and instamine ok, even if it wasn't, in the end.
..... we can now see that we were proposing to take the original 150k coins that were mined at the original rate, turn them into 75k using a reverse stock split, and then reduce the rate going forward. Later this was changed to a crowdfunding approach where the early miners would have donated half their coins to a bounty fund, but either way, they were not going to get to keep them (unlike Dash).
...The whole point of this proposal was to avoid being an instamine[/i] by not giving any advantage to the earliest miners (who would have had their faster-mined coin holdings cut in half). ...
In the end, however, no change was made. The Monero community decided to honor the original social contract and not reduce the emission rate.
...The whole point of this proposal was to avoid being an instamine[/i] by not giving any advantage to the earliest miners (who would have had their faster-mined coin holdings cut in half). ...
In the end, however, no change was made. The Monero community decided to honor the original social contract and not reduce the emission rate.
He admits to a scam launch, gives us a sense that something was going to be done about it and in the end nothing was done about it.
* He admits there was a scam and an instamine.
* He also admits nothing was done about it.
But that, apparently, is all ok. Because our White Knight explained everything that was going to be done to make the scam and instamine ok, even if it wasn't, in the end.