The Devs need to get paid in USD or BTC.
Devs usually get paid in the shitcoin they are producing so not only do they have to dump it to get real money to live on, they have to sing its praises regardless whether they believe in it or not.
Devs usually get paid in the shitcoin they are producing so not only do they have to dump it to get real money to live on, they have to sing its praises regardless whether they believe in it or not.
let me just stop you there.
this is the problem with altcoins in my opinion, the devs are looking for making money or worse to live off of the money they earn from developing their coin!
so when your goal becomes earning money first then developing you end up earning a lot if you are paid with your own altcoin and hype pump it to dump and make money.
Satoshi was never thinking about making money from bitcoin and those coins he mined are still un-touched and look at where bitcoin is today.
100% agree.
i think its lost on most people on this forum what the whole point of developing an alternative to fiat p2p currency is in the first place.
like i've said 1 million times before; "whats the point in creating an alternative to the greedy banks fiat if we ourselves become the greedy bankers."
making a profitable system for the devs, well then why would we even bother converting from fiat
you know the world doesn't really need more paypals
Sorry, but your missing the point, starting a 'greedy bank' is beyond the capabilities of everyone, but being an alt dev is open to many. Greedy alt coin devs can come and go forever, and the barriers to entry are miniscule. Please don't say that silly phrase 1000001 times, just accept that greedy bankers have a strangle hold on the world and we use them even though we know they are greedy bastards, because our paychecks and legal tender laws require it. Greedy alt devs face competition and can die all the time, so it's entirely differen to banks which are protected. Get another catch phrase that actually has intellectual content.