Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
dacoinminster
on 05/08/2013, 23:59:38 UTC
I've been thinking about the fundraising part, and I can concede that being able to eat and keep a roof over your head is equitable. I'm just concerned about the nature of fundraising when it is paired with:

 
Quote
"Get 'em now folks, before they're worth SO MUCH MORE."*(multiple caveats in fine print)

Upon further consideration, that is the real 'meat' of my argument, in addition to the overall blockchain impact - which I'm not very pleased about, since I have no way (at this time) to say "no thank you, I will not verify your data". Bitcoin being what it is, it should be opt-in - the same way it is for what version of client you choose to run (unless we fork so hard we have to select one).

That's another problem, isn't it, it takes off and then we're talking not only about multiples of bandwidth/storage, but the ability of the main bitcoin devs being able to pick up the pace for future expansion and improvement. And since I've never bought the early-stressor argument either, please don't try it, it isn't very convincing.


Yup. If MasterCoin is successful, it will add a lot of transactions to bitcoin, making the total size of the block chain even more painful.

You are right - there is simply no way to prevent people from trying crazy stuff like this on top of bitcoin. For someone like me, that's kind of cool. Other people may not be so excited about it Smiley