Re: ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation
I am indeed entitled to my opinon.
However if you switch to POS only right now, it is a FACT that this turns into a 70% premine, not merely an opinion.
However if you switch to POS only right now, it is a FACT that this turns into a 70% premine, not merely an opinion.
First, it is not me that changes to a POS only system, but LEOcoin developers are changing LEOcoin's algo.
Second, the premine is spread between a large number of persons, third parties and very many individuals who are not the ones that did the pre-mine. When you would say that there is a large group of LEOcoin owners who is also a part of the LEO community, you are right. But imo, you err in your assertion that it is a fact that LEOcoin would turn into a 70% premine. The fact is that Dan Andersson stated in this thread that the 50m. premine is distributed mostly amongst members of the LEO community. 10m. have been donated to the LEOcoin Foundation, so yes, we will have a decent stake interest.
Leocoin community (members) should to be able to vote to change algorithm....
if community and miners not switch to POS wallet what happen?
It's ultimately to which wallet the exchanges switch. And they control that.
But then we might as well dump, if they don't care to listen to the community
Or we could fork it and put it on a real exchange
And any change would require time, until everybody updates. Some people might just be unhappy and quit. I figure a change can only make the price go down.
And why would we even want to change anyway? If there ever was a botnet, it seems to have disappeared. Difficulty went down from 90 to 30. And leo team is all the sudden upset
