Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PoW] [PoS] VEIL - Privacy without compromise
by
Joetann94
on 02/05/2019, 15:03:11 UTC
As we all see over time, newbies spread news. Are there relations between ZEC and VEIL? Serious relations, I meant? VEIL is totally diferent from ZEC, at least in their algorithms. I am not a fan of VEIL, but it is irrelevant to post news on ZEC here. For the story of ZEC developers dumped their coins, is the news reliable enough to believe? And, please show us proof of ZEC developers dumps in the ZEC topic, not here. Roll Eyes

They have similar block reward models (they include founders rewards) and that is what I'm referring to.

Veil is not associated with ZEC as far as I know, but there are VERY FEW projects which have founders rewards. So the example of the ZEC founder DUMPING his rewards gives me a lot of reason for concern about other projects with founders rewards.

Can the VEIL team give me some assurances that the founder isn't going to dump this project into the ground?

Why do founders rewards even exist? They exist so one individual (the founder) can get rich. VEIL is a Privacy coin. Privacy coins are used in Niche markets and will never come close to having global adoption on a mass scale. If you have to ask why then I don't have the time to explain this to you.... What I'm saying is the founder isn't going to limit his wealth (acquired in VEIL) to Niche markets. He's going to cash in at some point. Can somebody from the VEIL team explain to me why this won't be the case? The tech is fantastic but I can't help but think this is doomed to fail because of the economics.