Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
by
defaced
on 06/10/2015, 20:29:03 UTC
The 11 million still haunts this coin. The fact that miners earn pennies a day while there are 11 million coins in a 'development fund' is pure stupidity and this coin will NEVER become anything useful as long as this fund is in place. 100% FACT.

If the Development team were serious they would take a vote on what to do with the fund with some reasonable alternatives such as.

1. Burn 90% to give mining real value, recoup current holders for their 90% loss from introduction (It's more for most but hey) and establish a new development fund with 1 million coin.
2. Burn 100% and hard fork with subsidized mining (10%) for development purposes.

The developers can't justify this fund, and the 'it's a development fund' doesn't hold since it's obvious that the community (coin holders and miners) DO NOT WANT THE FUND! Sure, development is great, but 11 million coins is doing literally nothing but kill any chance this coin ever had for two very obvious reasons: 1. Mining is pointless (negative value proposition) 2. Who wants to develop anything on a worthless coin?

Its obvious to who? Someone with 7 post on bitcointalk?