Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] [CHVZ] CHAVEZCOIN 100% POS Free Distribution
by
PluralEX
on 17/06/2015, 02:30:54 UTC
Interesting!
I like your vision guys, best of luck!  

I ll come back here to grab a wallet and my free coins Smiley

Thanks for your support

Socialism is the nationalization of production.  How the he'll is a decentralized currency consistent with that ideal?
Maybe because decentralization is a myth?
That miners effectively operate as a central authority and blockchain consensus is a form of popular vote?

+1 In order to achieve full decentralisation, there can't be pools, exchanges, or any service that "centralises" crypto operations, miners would need to solo mine always and trade 1 on 1 with others, it's a very romantic idea but not really practical.

You are right, the concept of full decentralization is very difficult to achieve and not really practical, what we meant is that our coin does not need a central bank to control or rule our coin, so if the government make almost impossible to exchange the local currency (like the current situation in Venezuela) , our coin would not suffer from it.

I'm watching this, I do feel that there is a big "premine" so the distribution of the 20% bounty coins should be transparent somehow

There will be a list of Bounties in which we will be using that 20% of the funds, it will be available soon , every coin spent from this fund will be publicly announced