Partial Instamine is a non-issue.
1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.
I believe that creators need to have financial incentives to make their projects a success.
EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/
EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !
-Technologov
1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.
I believe that creators need to have financial incentives to make their projects a success.
EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/
EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !
-Technologov
For you maybe. The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so. But he didn't. He broke a social contract with the community and that's a bad and dishonest thing to do. But whatever, DASH is riding sky high and that's what matters for everybody interested in it right?
Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.
Which means he did not break any social contract.