Quote from: Lebubar on April 12, 2016, 03:30:41 PM

Quote from: toknormal on April 12, 2016, 09:47:02 AM

Quote from: TaoOfSaatoshi on April 12, 2016, 09:14:37 AM

The constant false narrative by the people who present half facts half spin is a big reason Dash has been held back for the last 2 years

It's actually very simple.

There is a philosophy in crypto that alludes to the existence of an innate legitimising authority. Kind of like "these are the rules, if you follow them, you are legit and if you don't you're not and neither's your marketcap".

It's bogus of course - for 2 reasons in particular:

[1] - crypto is decentralised, there is no 'legitimising authority' neither explicit or implied other than the market
[2] - crypto is unbacked money

What the latter point means is that the tokens are worth exactly zip when they are created. Nor are they regulated, nor is there any ethical dimension to their creation (Unless people want to read their own ethical dimensions into it in which there'll be as many 'ethical dimensions' as observers).

They are simply tokens that only have any value if the market says they have.

The emission rate, who got how much, whether the dev changed the properties after launch doesn't matter SQUAT other than they are just another bunch of things to be priced in amongst everything else.

Just as weve seen in this thread, they matter to more to some buyers and less to others (and for some still, they are an out and out religion).

I didn't buy Dash because of a "fair launch". I couldn't care less about whether a coin had a fair launch or not unless I think it's going to affect its future value. For two years the same few conflicted trolls on bitcointalk have been attempting to convince me otherwise and for 2 years they've been proved wrong so I'm not exactly losing sleep over it.

Markets always sort these things out because, unlike conflicted bitcointalk pseudo-religious crypto nutcase zealots, they take everything into account and price everything in.

There is no black and white. No "legit" or "not legit". It is what it is and gets priced appropriately.

Epic post, I'm in total accordance with this post Tok.
~~Trolerros~~Some guys try to explain that there are rules, or "good practice" and "bad practice", but there is NO regulation, who make the rules?
-The market. (and for the moment Dash is #5 in marketcap.)

That's one the most ignorant things I've ever read. The rules (if that's what you want to call them) are just standards to ensure that the cryptocurrency is antifragile enough to disrupt fiat and legacy banking. Dash fails at being decentralized, fails at privacy and fails at being fungible because the idiots who built it didn't and don't understand these standards and that they aren't required out of some petty authoritarian concept, but the only way a cryptosystem is strong enough to work for the people and not the government--some day you'll wake up and realize that you slowly built ripple 2.0, and I'll be there to tell you, "I told you so, dumbass."