Quote from: dodgecharger on October 22, 2018, 03:17:13 AM

Quote from: krystaltoken on October 21, 2018, 08:25:33 PM

The promise of crypto was freedom, not more politics.
Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs.

This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier.

So what happened?

Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better.
We need to return to our roots, which is that the future of money is decentralization money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time.

How do you do this?

Governments are built on economic philosophies. Therefore, the most important piece is for a system designer to create an algorithm that they set in stone as the economic model of the cryptocurrency.

You can think of this ? That is back to politics.

1. Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and cant spark resource wars unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning.

Okay, but really, what if we discover a better system?

Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward.
And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No haha suckers youre too late to the party attitudes. You ought not use it to give yourself an unfair advantage.

If a group of people had power in the previous version, and if someone simply doesnt like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions.
Just think about the economics of it! Now go build one.

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The government will not intervene in promising blockchain projects. The government will crack down on the use of blockchains for fraudulent projects, with the aim of facilitating the healthy development of blockchains.

That's what they have exzpected by creating regulation to the ico, to make it will be more healthy. I just realize the fact it takes a lot of time for them to create the regulation and it may takes annual period for them all.