Post
Topic
Board Economics
Re: Is wide distribution valuable ?
by
duphash
on 31/07/2015, 20:36:58 UTC
Envy is such an ugly thing. Don't you think?

Probably. But that is off topic. Replacing objective debate with personal attacks is a sign of weakness. I also consider it abuse of communication for the purpose of winning debate. Please don't abuse communication to win your point.

[Off-topic explanation of debate etiquette ...]

Sorry. I guess I could have stated it this way instead:

Posts about unfair distribution are off-topic, but I am compelled respond to them anyway by saying that I believe that people complaining of an unfair distribution of Bitcoin are driven primarily by envy.


I always thought that having wide distribution has huge benefit to a coin, especially PoS coin.
But recently someone told me that it has only slight benefit.

I thought that widely distributed coin will not have risks of pumps and consequently dumps.
Some debate that AUR was widely distributed and dumped.

I object saying that it was initially pumped only because of poor initial distribution before airdrop and also did not have useful features.
If it had same qualities as Ether or NXT and was not allowed to be traded before airdrop is finished then it would not be pumped dumped.

I agree that a wide distribution is best and I agree with your response to the example of AUR.

However, a wide distribution is difficult for something that most people don't know about or care about. And as I wrote before, distributing nearly worthless currencies to people that don't care about them is ineffective.

Even the distributions of NXT and Ether are very narrow, as they are only distributed to the people that care about them now. If they are as successful as Bitcoin in the future, those currencies will also be considered narrowly distributed.


I already consider NXT and Ether narrowly distributed. One indication is limited time of IPO distribution. Ether can still fix it because not all coins are distributed yet. NXT can fix it too if big holders make that choice.

I suggested to keep distributing at IPO price for long term, what is wrong with my suggestion ?
I did not suggest to give it to people for free.