Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 03/02/2016, 08:54:08 UTC
But in Monero's case, you tail-emission supporters broke *the* single biggest implicit contract: don't change the supply dynamics!! I loathe the fact that I bought-in to one economic model in 2014 and then a bunch of economic-meddlers decided to change the model out from under me. Yes, it's small relative to my holdings, but quite the slippery slope. That might as well be fiat, and the move *drastically* reduced my respect for the coin, the developers, and the community.

You bought in when exactly? Because the tail reward language was included in the original Monero OP from the initial instant of its creation on 2014-04-25. You might have a case if you were the bolded trade from the OTC thread below:

Quote
2000 MRO @ 0.000250 2014-04-24 02:03:21
2000 MRO @ 0.000400 2014-04-23 00:23:41
1000 MRO @ 0.000500 2014-04-22 03:57:27

Those, along with two auctions I ran that week (won by eizh and SlyWax) are the only known trades that occurred before the Monero OP (during the 5-day Bitmonero era).

You can't be one of the last two because those were both NoodleDoodle selling to eizh. I also suspect the first one was NWO buying from
pandher so you probably aren't that one either, but that isn't clear from the OTC thread.

If that trade is not you, then you may have misunderstood the economic model, but it was not changed out from under you.

Maybe he bought in by spending time and money mining.

Of course it is impossible to know for sure but I'd find it surprising if he were involved, had such strong feelings about changing economics, and didn't even make his opinion heard when, for example, changes to the emissions and block time was discussed pre-launch and during the first week (though no changes were made).

Other than people following Bytecoin (which all of us were) most others found out about Monero when rpietila started talking about it, a month or so later, or possibly a bit earlier when it started getting listed on exchanges.

Just frankly more likely he misunderstood what he was buying.