Quote from: qwizzie on April 20, 2017, 10:57:17 AM

Quote from: smooth on April 20, 2017, 07:48:51 AM

Quote from: qwizzie on April 19, 2017, 08:58:51 AM

Quote from: tokeweed on April 19, 2017, 04:43:49 AM

Quote from: Technologov on April 15, 2017, 11:46:39 PM

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

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? Wink

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.

You realize that informing everyone that he would instamine and later briefly offering an airdrop before quickly withdrawing the offer are two completely different things, yes?

If you're going to spin and offer excuses, at least try to use ones that actually make some sense.

Okay, i misread that part but that still does not mean he broke any social contract with the Dash community. The instamine happened due to faulty coding and bad preparation
while attracting the attention of a lot of miners with high hashrate. He made up for his mistakes by his hard work with developing the coin, the community moved on and the coin has grown into something much larger now then was first envisioned.

hmmm...okay let's go inside Evan Duffield's head Cool

here you go..

DASH Masternodes - the perfect motive for the instamine