Quote from: bandjhughes on February 01, 2014, 05:53:01 AM

No...allow a free market its freedom.

Oh please, you're talking to someone that helped work on Ron Paul coin, they quoted what I wrote on the evening news, I know what a free market is. There are a lot of angles to this, but this is a privately owned website created for an open source, software platform called Bitcoin. This isn't a stock exchange or government institution. They have extended site functionality to support forks of that open source software, referred to as "altcoins", but an IPO is dramatically different content.

I've already covered how the self proclaimed, "second generation", proof of stake cryptocurrencies do not actually need IPOs to function. Things like the Ethereum IPO exist solely to enrich the currency issuer. Bitcoin was not designed from the ground up solely to enrich the creator. It was designed as an open source, software solution to reign in the power of currency issuers. The IPO scamsters are also attempting to move towards closed source as well. There is a clear conflict of interest.

It's the equivalent of some guy burning copies of Linux and trying to sell it on the street corner. Sure, he can do whatever the hell he wants, but you don't have to allow him to post his ads for the discs on your privately owned, open source, Linux website. That's what a "free market" is.

What's next? Everyone will start charging $20 to download the wallet for their new crap coin? We will start difficulty at 0.00000, but you have to pay money to download the wallet! I don't care if they altered some, or most of the code, they're still trying to make money off an open source software project, while also trying to convert to closed source at the same time. If this isn't a conflict of interest, I don't know what is.