Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - No-premine, No-ICO, No-Dev Tax - 100% Community
by
swisstrader
on 14/11/2017, 12:15:00 UTC
Quote from: gsanjin on November 14, 2017, 11:27:30 AM
Quote from: Tktktk on November 14, 2017, 11:10:56 AM
Quote from: gsanjin on November 14, 2017, 10:17:20 AM
Quote from: Tktktk on November 14, 2017, 09:44:54 AM
Quote from: gsanjin on November 14, 2017, 08:21:19 AM
You want artificially to lower supply after some people mined milions of btcz (and that way rise price)? Slim shaddy Smiley
First of all, bitcoin was created as a means of payment, and all money is subject to inflation. Reducing the speed of issuance of new coins is a involuntary measure. I, as a simple member of the community, support this action.

But what about those people who mined milions of btcz and hold? Will they also be subject of inflation? Or some people will suddenly became "milionares"? Smiley

We have to think about this, because this sudden lowering of block rewards for 10x!! after just 3 months instead of halving after 4 years (as declared) can be seen as - "refined premine". And I don't support that. And generaly, I think BTCZ should stay as-is and those who don't like it, well, thay can always fork into new coin Smiley
This is not a premine. It was not originally founded by one group of people for personal enrichment. The decision to change the award for the block was taken by the community. Those who extracted millions and become "millionaires" extracted them under equal conditions, stipulated by the algorithm and the complexity of the network. Millionaires can become those who bought this coin on the stock exchange when it grew in price. You do not call the "refined premine" produced bitcoin in 2010 when the complexity of the network was low and people extracted thousands of them. Simply, many then did not believe in him. And innovators, those who believed and tried to get deservedly received their award.


You don't need to explain that BTCZ is not premine, it's known. In your example you forgot one thing about BTC - it never changed halving period and that way affecting rate of supply, and thats why everyone had equal chances. I just wanted to tell btcz community that artificial change of supply can be seen badly in other comunities, potentional future investors and especially market exchanges. It could be considered "refined premine".

Many thanks for your statement. Thumbs up!