Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts
by
MagicSmoker
on 16/07/2018, 12:51:55 UTC
Dumping the 2m DERO premine is the last thing I'm worried about as there isn't anywhere close to enough liquidity - daily trading volume is less than 5 BTC.

In fact, the current liquidity is insufficient to sell even 1% of the premine (20k DERO) without taking more than 2 weeks or else accepting an average price of at least 50% down from the current bid to get sufficient depth in the order book.

So, I see the premine being unlocked as a bit of a red herring.

The one issue I do worry about is that currently the dev(s) are anonymous and the source is closed - basically, you can have one or the other in crypto, but not both - however the source is (supposedly) being released to any CryptoNote devs on July 20th, and more publicly a few weeks from now. This is a change in plans from the previous estimate of only releasing the source after a foundation was set up, so CaptDero seems to be responding to community pressure.


The premine remaining unlocked isn't a red herring. When you say its locked and its not thats bad. When you say it'll be locked till x date and you're trying to dip into it prior to that it doesn't look good. Even if its for marketing and not his personal gain. There is absolutely zero excuse for that premine not being locked right now. He needs to start listening to others instead of astroturfing the ANN thread an purging anyone who doesn't just go along to get along. Creating a hand selected community committee is just another form of astroturfing. Its to appease the community an give the illusion that their voices matter when it clearly doesn't. Much like anytime someone brings up complaints in this ANN thread in come brand new accounts praising Dero an Captain trying to drown out any criticism. That isn't an effective long term strat as most people can see right through it.

I agree with you in principle but not in practice; do you understand the difference? Yes, it is totally wrong to unlock a previously locked premine, but with a daily trading volume in the range of 20-30k DERO you couldn't sell more than about 2k DERO per day without causing price to drop into the gutter. Ergo, this not nearly as troubling to me as the combo of anonymous dev(s) and unreleased source code.

As for DCAB being just a way to co-opt enemies, if you had actually bothered to read all of my posts rather than cherry-pick phrases - not even entire sentences - to respond to you might have noticed that this very thing had already occurred to me. Consequently, I seem to be playing the role of the Loyal Opposition on DCAB, to use a parliamentary turn of phrase, and I have even been somewhat successful at it.