Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MCM] Mochimo | Quantum-Proof Cryptocurrency | Official Announcement [ANN]
by
jadefalke
on 04/04/2018, 05:21:58 UTC
Well.  Check out our reasoning, and tell us what you think:

I'll make it short. Your reasoning is broken. What you are planning to do is:
1) You are about to reward wealth, not work. That's the complete opposite of a Proof of Work system. All coins should go to the workers, i.e. devs (proving their work on github) and miners (proving their work with submitted hashes). None should go to anyone else, just because he/she is wealthy already. These people should buy the coins, since they do not contribute in any way. Wealth certainly entitles to even more wealth in the legacy financial system. Do we want this cancer also in the crypto space?
2) You are about to reward the people who support the least innovative blockchain, the antidotes of innovation in the past several years. Why (only) BTC? Why not ETH, BCH etc.? Or better yet nobody at all, see above.


I could not agree more, if you Reward all these just Holding Coins this will go Downhill fast.