Re: IDEAL: no ICOs, no proof-of-work, no proof-of-stake, no governance, and no forks
I think you've taken on an unbeatable challenge. As long as the token is to be used by human beings, and used on this planet, there will always be winners and losers, whales and minnows, speculators and users (unless it's a non-tradeable entity so really has no value to any traders). I just don't see you breaking that fundamental human law no matter what you release.
I didn't intend to write anything in this thread that is contrary to your expectation. What did you read that indicated to you otherwise?
I believe in a meritocracy, so why would you think I am not expecting winners and losers?
The people you will code to treat fairly in distribution will sell their portion to the highest bidder (as soon as they can - as is their right).
I didn't mention doing a coin drop. I do not agree with giving people coins for nothing. I agree they will sell immediately.
I think you need to rather understand for example the problem with instant distributions versus mined distributions:
PoW and Proof-of-Burn are the only way to distribute coins that doesn't centralize the expenditure of the resource to a designated set of people (as in an ICO). So in that respect, the waste of expenditure on electricity is justified by the lack of centralization of the resources expended. Also instant distributions (ICOs and coin drops) are antithetical to developing a critical mass and a successful coin (Ethereum avoidedslightly mitigated this by adding PoW mining distribution to follow their ICO).
And that's when the imbalance will start to take root. The early adopters (whether they care about the new tech and concepts embedded within it or not) will be expecting massive profits, and quickly.
If they don't get that, then you are in trouble. Fact. Read the boards.
Maybe I'm just too cynical.
I wish you luck.
If they don't get that, then you are in trouble. Fact. Read the boards.
Maybe I'm just too cynical.
I wish you luck.
I am expecting profit quickly too.
Why you don't like profit
What did I write in this thread that caused you to think that I don't like a token that rises in exchange price?