Re: Worried about Mt Gox? What does this price fall mean for BTC and its clones?
Do you know who wrote that? His name is TradeFortress. I invite you to search him on the bitcoin boards.
You might find some unpleasant truth behind this Bitcoin whale (who felt intimidated due to his large bitcoin holdings - wonder where the motivation came from
) such as a scammer who stole millions of dollars from vulnerable people and countless other questionable actions. Can't be bothered to do some homework? Simply click his trust rating. I think we could all classify that website as a unreliable source due to the unreliable/ shady author. Edit: Let's open this up for discussion. If you were building a world changing protocol which could change the current financial landscape. How would you fairly distribute the currency? I look forward to hearing your reply!
Did not know who wrote it. The problems remain though, the currency is partly centralized with its central server use, i believe most servers are run by the company itself (there is no incentive to run a server too) and there is a very hefty, up to absurd, premine (25%)
For a fair distributrion: PoW mining with pre-announce and source release at start switching to new protocol after initial mining window. Like Peercoin.
As the protocol is open source i look forward to a fair fork.