Post
Topic
Board Altcoin Discussion
Re: RadixDLT (formerly eMunie) Discussion
by
atlas21
on 09/02/2018, 22:49:31 UTC
-snip-

The difference between bitcoin/satoshi and radix/fuserleer is in Satoshi's time people were not thinking of ICO's, but today the chances of someone launching a cynical clone of Radix with scam ICO is near 100%, and that would damage Radix a lot.

1) Don't compare an altcoin developer with Satoshi. The problem Satoshi solved is much larger than any contribution an altcoin can make.
2) Patenting, closed-source licenses and similar techniques do mainly one thing: they centralize development on one team/company. The downsides are not so obvious, but they exist:

- What happens if the company goes bankrupt and nobody wants to "save" it, and they refuse to "liberate" the technology? The value of the coin would drop instantly to ZERO, because nobody could develop it anymore.
- The innovation rate would be lower than in other competing, open technologies, because no developers from outside the team are incentived to participate (why should someone join a team where almost the whole profit has been made by others?). So even if the coin has some interesting feature, it will most likely be one of the "old, outdated" projects in short time.
- There would be compatibility problems with open projects. The project would not benefit from the open technology stack, and it could only use a subset of potentially interesting and useful technologies.
- Software patents are only valid in certain countries. A cloner would only have to move to a country where software patents are not accepted. So the whole effort of patenting some parts of the technology becomes futile.

Thus, I would never recommend anyone to invest in a patented cryptocurrency.

I do not fully agree with your worries. If the company goes bankrupt the company will be forced to sell all its assets, including the patented technology, to pay its debts. So the development would continue in a (probably centralised) way. If nobody wants to buy it. The patent technology would be sold very cheaply. I could buy it to make it open source.

I read at their website that the patented technology would be made open source after the platform reaches a certain adaption rate.

And i am not certain that you can invest in radix. You can buy the native stable coin, but why would you buy something that is not going to appreciate in value (1 token is approximately 1 usd)?