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.
Heh, the community meaning those few who participated in the first hours which distributed 1m+ coins? They didn't want to roll back? No shit. Glad they've made lots of money but this will always hold Dash back from being a top coin, current price aside.
I hope you don't find these insta-mine threads or questions asked by reporters annoying, because I don't expect they'll go away, ever.
Lets see :
Dash added to several major exchanges ? check
Dash available on several FIAT gateways to make it more independant of Bitcoin ? check
Dash making strategic partnerships with light wallet providers on Android, iOS and other relevant platforms ? check
Dash in control of its own marketing, own budget and own governance ? check
Dash in top 10 with regards to marketcap ? check
Dash expanding in other regions / countries ? check
Dash has a clear goal and the means to achieve it ? check
I say Dash currently is a top coin, current price aside.
I say Dash will stay a top coin, regardless of discussions that take place in this specific Bitcointalkforum.
I say Dash instamine history can be brought up as much as you all want to bring it up, but it will not change the market in which Dash (and other cryptocurrencies)
move and grow over time.