Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CPC] Capricoin - The Peoples Coin
by
AngryDwarf
on 02/02/2016, 23:13:05 UTC
Quote from: AngryDwarf
Apart from the fact it appears that the majority of POS staking will not happen in the hands of the people, you seem to extol decentralization. The CPC distribution mechanism appears to be very CENTRALIZED. Could you explain to me my misunderstandings here?

During the distibution stage of CPC it WILL be centralized.
But each slot mined and every coin pulled out of the digital platform will be fully decentralized. In a way, Having someone on the hook for development and what not is required to keep a coin going. Even Bitcoin has had to create a foundation and have SOME form of centralization to keep it working. Were never going to see a truly decentralized project long term actually work due to the effort needed behind the scenes to keep everything working.

I might agree with your latter point that every coin has some degree of centralisation in its development and governance, and that some approaches to that issue will work more effectively than others.
You have stated the distribution stage of CPC is very centralized. Perhaps the benefits of this approach should be explained further.
I think it is misleading to talk about mining slots. You have stated that 200 million CPC has been premined, and given a schedule for a further 8 million CPC to be created through POS staking. People are not buying mining slots, they are purchasing premined coins. I have yet to see a schedule on how fast these premined coins will be circulated through sold distribution. Really not sure why these premined coins need to be held by a so called trusted party. 200 million CPC has been premined and is going to be sold to the public.
I'm not going to state whether that approach is right or wrong, but it is a very different mechanism of distribution compared to other established POW/POS coins.