Quote from: PiNX on January 21, 2014, 08:43:19 PM

Quote from: uzer23 on January 21, 2014, 08:38:21 PM

ah I get it. So when we support PINX with our raspberry hardware, we support NXT clones, and will get some KLONE for it... Great idea

I believe your understanding may be flawed.

You earn stake in KLONE by creating a NXT clone. So, I have secured a stake in KLONE by creating PiNX.

If YOU want a stake in KLONE, go make yourself a next clone following the instructions in original post on Page 1.

PiNX is correct! Recent events have shown us that POS coins needs to 'ethically secure' their genesis block distribution. By that I mean it needs to be seen as 'fair' by the community - both now, AND, in the future.

FrictionlessCoin is in the process of making a NXT clone (NEX) because he thinks the genesis block distribution from the original NXT was unfair. No doubt someone will come along after NEX is up and running and they'll make the same criticism of NEX - 'Hey I missed out, It wasn't fair how you distributed the genesis block".

Frictionless is distributing NEX without clear, well thought out procedures, and by giving them away for an "interested" posted in his thread, his genesis block is way more open to criticism than BCNext & NXT.

Frictionless also doesn't seem to be aware that by giving his genesis block away for free to people who are basically showing no deep committment to NEX, he will end up with a massive drop-out rate (i.e. people who don't actually claim their coins once the genesisi block is released). NXT used a bitcoin buy-in to distribute NXT, and had 1% drop-out. What drop out rate will NEX have? I'd say 30-50% of people assigned NEX won't bother to come back and claim them. That will be a big problem for NEX.

Then there's the obvious, how many of the NEX genesis block stakeholders will 'care' enough about NEX to actually build the infrastructure and run the NEX software. Free feels great sometimes, but it doesn't build reciprocal commitment. NEX wont have a willing army of talented people like NXT. NEX will have very little value if any, so paying people NEX bounties won't work.

There is no clear cut universal definition of 'fair', so a POS coin MUST 'ethically secure' its genesis block distribution, otherwise you will be hit with a metric ton of shit and bile from those who came late to your party and think they've missed out on lots of free money. The criticism will come, and you need a logical response that shows you were systematic, and you followed a well thought out plan, rather than just making things up as you went along.

BCNext has created something beautiful with NXT, but he didn't 'ethically secure' the NXT genesis block distribution from criticism, hence the arrival of pissed off people like FrictionlessCoin who obviously missed out.

KLONE is an attempt to come up with a systematic and defensible way to ward of criticism over the genesis block distribution. Simply put, to be part of the genesis block of KLONE you need to have exerted a little bit of effort that shows you will

1- probably come back and claim your coins
2- you'll follow the KLONE thread and help out if you can

The little bit of effort required to follow the KLONE instructions will separate the wheat from the chaff, and you'll end up with some coins in the KLONE genesis block, AND you'll have started your own NXT clone. If you don't follow through on your clone, don't worry. If you follow the KLONE instructions and post your announcement you will have met the KLONE conditions.

PiNX has an ethically secured genesis block from 'proof-of-pi'
KLONE has an ethically secured genesis block from 'proof-of-clone'
NXT used a bitcoin buy-in IPO

NEX has no clear idea of how to distribute the genesis block, other than some vague "it's free so it's fair". NEX genesis block distribution is very insecure ethically, and so it will probably fail miserably.

Good luck!