Quote from: freddyfarnsworth on March 06, 2014, 07:02:54 AM

I think you are ready to make your own coin...

I wish!
If I could stand programming I would be doing it.
Takes a certain kind of person, unfortunately I'm not one of them.

Quote from: ebi on March 06, 2014, 11:24:16 AM

@TheMightyX

I was just being nice here before, obviously you still have a lot to learn about basic concepts of crypto-currency. I said "non-public" IPOs which is a "norm" nowdayz by your definition & 99% of new coins scam people with IPOs & pre-mines not to "market" the coin, just becoz they think they deserve over 100,000 $ by cloning a scrypt-jane coin & writing a 5 pages website in 2 months.

This can go long, & you probably will ignore the simple facts, but bottom line is, this DAC [Distributed Anonymous Corporation] systems;or simply any currency based on blockchain technology, pays for itself & doesn't really need an IPO as it has nothing to do with your usual companies [in last 100 years Cheesy

] that have been created by IPOs.

read more.

~ pEace

I'm really not understanding where you are coming from. Kittehcoin is not a DAC. How does Kittehcoin pay for itself? How is it funding its own development? (it's not). Relying on donations is a very poor way to fund development. Surely you are not disagreeing with me on that point.

Etherium will be a good example of big-budget vs little/no-budget.
People may say "well bitcoin was made for free!" this is true, but it also wasn't competing against anything.
If bitcoin was released today it would be laughed out of the building. Slow block times, slow confirmations, slow adjustment, huge blockchain, weak algorithm, etc.

Again, I'm not sure why you are arguing with me. Just because many of the new crapcoins are scams with premines or IPOs doesn't mean a premine or IPO is useless and has no benefit to the coin and the community. We've already established that Dano is trustworthy and deserving of funding. I'm not talking about every other copycoin out there. I'm talking about Dano and Kitteh.

It obviously comes down to trust and competence. If the dev is trustworthy and competent then by all means give them a premine. Expecting them to work and be dedicated 24/7 out of the goodness of their heart is foolish. That being said, so is giving a premine to a "developer" with 0 activity.

Quote from: skorms on March 06, 2014, 06:23:32 PM

Now that the price is steadily increasing, more and more people are gonna buy in. Once that happens, more people will panic and buy back in resulting back in a price of 40 or 50.

This is what I think is gonna happen.

If the price goes back up to 40 you can say hi to multipools again.