Post
Topic
Board Announcements (Altcoins)
Re: Slimcoin | First Proof of Burn currency | Test v0.5 release candidates
by
cryptovore
on 16/08/2017, 15:40:24 UTC
I think I'm pretty much on the same side with Graham on this one.

I've been following this thread for a meager 9 months, during which I did a bit of promotion, testing, provided feedback and tinkering privately with the code. I had at all times at least 2 Slimcoin nodes up and running, thus helping the network.

Am I entitled to some reward, proportionally equal to the effort? I think so.

Would it be even comparable with the effort (or "luck") of someone who was keeping a node active since the day one, or who mined with the wallet from they day one? Absolutely not.

So, what we are witnessing right now, is in fact a principle of "justice written immutably in the code". There is no bug. These guys have the right to get back their rewards.

We should have seen this coming (and I confess that when I saw Slimcoin listed again on CMC I even made a mental wager with myself that it wouldn't take longer than 3 months for the initial players to come back, at least for a quick cashout). Getting involved in this community under the assumption that the initial coins (a few millions) are "lost", or "dead' is just plain wrong. Early adopters have all the rights to get back their investment.

For me this is not discouraging. On the contrary. It shows that with enough patience and contribution, value will always increase.