Post
Topic
Board Altcoin Discussion
Re: Is Smooth a Hypocrite ?
by
smooth
on 16/06/2016, 03:12:12 UTC
In short, you were trying to discourage me from pursuing making a CC if I expected to earn any $ from doing so. That is not to say you were discouraging me from creating a CC if not for expectation of a payday. That is not to say you were wishing for me to fail if I did attempt to. I think you felt you were just giving sound feedback.

Okay yes I remember that. It seemed at the time Bitshares was going through a lot of turmoil, which included seeking alternate sources of funding such as building custom systems for banks (not clear that they ever got any takers). I still don't know the details of it, but it seems that project model has not worked out very well ultimately, just as I said at the time. It appears that Dan sold his remaining coins at a much-reduced price and moved on, though it isn't entirely clear whether he may contribute to it in some manner in the future. All in all I can't see how that is called a great success of a project; you might disagree.

The Bitshares model was not replicated when Dan went and started his new project Steem, which to my mind means someone who knows a lot more about that model than I do also didn't think much of it. Now he's tried another (stealth-mine) model, which I also don't think has really worked out all that well either (though the jury is still out on that one objectively).

So maybe you have your own ideas how to launch a coin and make money. If you have new approaches, good for you. But I wouldn't try too hard to replicate the others. They're mostly failures.

To be fair, you were aware of my illness and perhaps you were concerned and felt I might be better off to take employment, get medical insurance, and have a more stable and less risky source of potential income and funding for health care.

That's exactly right, and I think I said so at the time. I even suggested that you take up on some offers that you had for paying work to get your personal finances in better shape (so you could at least afford to take a trip to a developed country for medical evaluation and potentially treatment).

Quote
But I just know that before that discussion, I never thought about the altcoin market as being one giant scam and being entirely fake. I really bought into your take on that. But now in hindsight, I think you are not entirely correct. Seems people who have produced less technology than I am working on, having reaped some significant paydays.

Waves raised ~$15 million and referred to IOHK's open source without apparently having developed anything at all. It was apparently purely a marketing campaign. Heck I never expected even a $million, so with better tech than they have, why shouldn't I be able to get my $500,000 and also do some good for the CC community.

When I respect someone, it means I listen intently to what they have to say.

Well if you think you can raise money without having developed anything at all on the basis of, for example, very questionable claims about members of the IOHK team being on their team or being advisors (which IOHK denied) and you think that isn't a scam, go for it. I don't think that path leads anywhere except putting some money into the organizers pockets, and maybe a token that can be pumped. I don't believe the $15 million number either, but I'd believe they did raise some.