Quote from: VeritasSapere on February 11, 2016, 11:38:56 PM

I have a more serous question about this project. As far as I understand it the only real innovation is the community DAO, which by itself is not really that innovative at all, there are other projects that have already done this.

However as far as I understand it, this is being presented as an alternative to Ethereum. I do not see what is wrong with Ethereum however since its launch was fair. Ethereum still requires a lot of development work, and I do not see how this project will be able to overtake the network effect and development that Ethereum has. I am even wondering if Expanse will be able to keep up with updating when Ethereum is updated and changed.

Furthermore I do not think that the governance of Ethereum is necessarily flawed. If you really wanted to tackle that problem there should have been a allotment in the block reward that allocates a certain percentage to Expanse funding which would then have to be voted upon by some process. Dash and Bitshares are both examples of such a process. Having a singular pre-mine like this which is supposedly decided upon by the community, with such a small group of founders, and small community I do not necessarily see that working out well.

I do not see any type of great innovation or need that this project is filling, besides maybe peoples greed wanting to jump onto the "next Ethereum" as Ethereum is currently going parabolic.

So yes I am here critiquing this cryptocurrency. Please correct me if I am wrong with a convincing argument and I might even invest myself. Wink

This coin was launched without ICO, that is mainly because it is a clone of Ethereum. Most of the development was done by Ethereum with ICO money.