Post
Topic
Board Altcoin Discussion
Re: [ANN] MemoryCoin | CPU Only | Fork on Block 8710 - Update Client Now
by
FreeTrade
on 11/09/2013, 18:11:35 UTC
While both you and QuantPlus make valid statements on the grant system, your last remark really hits the nail on the head.
No matter how the grant system is implemented, as long as there are stability issues the coin will not be mined by a broad audience.
Fixing the stability issues should be the #1 priority on FreeTrades list and instead he is focussing on 'fixing' the grant system.
What will happen when the big grant after block 8710 will not go to FreeTrade? Will he go on strike again or do another fork to 'fix' the grant system again?

The grants are designed to support development and promotion of the coin. I imagine that if the grants aren't used to fund development and promotion, there won't be any development and promotion.

As far as I can see now, the MCF is in a strong position to win the grant and continue to fund development and promotion.

However, if a private individual or consortium were able to take control of the grant, I think this would be viewed as a very negative development by the market and cause the price to fall significantly. Thus it would be a self-defeating strategy to try to privatize the grants and I don't expect it to happen.