Post
Topic
Board Altcoin Discussion
Re: XMR/AEON Developer Smooth Investigation
by
smooth
on 14/08/2015, 04:35:32 UTC

With respect TPTB, I don't really think promoting your project on this thread is on topic. Post on your own threads or an ANN pre-ICO or the Securities subforum or whatever.

This is not meant to criticize your effort in any way, but posting suggestions for people to invest in your coin whenever they discuss investing in other coins you claim are "obsolete" is a bit of spamming.

First of all the creator of the thread asked me to post a link to mine (when I was debating with him about masternodes on page 6).

Still seems kind of off topic to "Developer Smooth Investigation" don't you think. If I'm going to have my own hate thread, I want to keep it focused on me! Ego, ya know?

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What I am saying is that the cost of expertise is not free. Just as you posted the following cartoon upthread:

I'm not suggesting you don't make money or raise money or whatever, as you know.

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The case for Dash being excessively instamined seems to be quite strong as far as I know. The case that Monero was excessively instamined seems to be weaker but still plausible.

Sorry but I have to disagree with you there. Instamine is defined as coins mined faster than the published schedule, especially at the very beginning when only a privileged few (generally highly-biased toward insiders, which is what makes it a highly deceptive practice) are staged at the starting line and ready to grab the "instant-mining" right at launch. This is made even worse when the launch (and therefore highly-accelerate "instant-mining") happens before the promised (to outsiders) launch time. That did not happen to any significant degree on Monero. It 100% did happen with Dash.

Instamine most especially does not mean that some clever (programming/hardware design,etc.) or fortunate (location with low electricity costs, etc.) miners have a cost advantage over others, which literally happens with virtually 100% of mining, if not 100%. It doesn't even mean a de-optimized miner scam, which arguably did likely happen with Monero (assuming the Bytecoiners mined it which seems logical and likely, but is unproven).

As for AEON's easy mining (which still exists by the way right now, so anyone can mine even today at a good clip, which again argues against it being an instamine), again everything was public, nothing violated the schedule/planned/published schedule, there was nothing fast (favoring insiders) about a process the proceeds slowly over weeks or months or years giving everyone an opportunity to participate, and it was open to everyone. And the people who donated, including the guy who posted here, were entirely voluntary in doing so. They could have kept the coins and attempted to make money in some other manner.

But again, I have no problem with you raising money for your project however you would like, as long as you are transparent and non-deceptive about it (which I have no reason to believe otherwise).