Re: [ANN]-[IUM] Neuralium MAINNET launch date Confirmed. January 23nd 2021 ≈11:00-5
you are being disingenuous there marco89. You are trying to tell me that pools for bitcoin, although centralized would not shutdown because they would want to protect their own profits. this is misdirection.
What you are saying does not address the core problem that the pools, if they want to can shutdown bitcoin any time they want, point blank. Who knows, maybe they are owned by banks now (
) and if the banks hate bitcoin, they might be waiting for the right time to press the stop button.
What you are arguing that an entity will fight for it's survival as long as it is profitable to do so is true for any company. Ford has been in business for over a 100 years. VISA and Mastercard have been in business for a long time too. So does Paypal, and any other company for that matter. Projects live on as long as they are worth it to run.
Now about the inflation, it does not matter at all what are the rules of the inflation, whether it is hardcoded in code or established on a schedule by people. It has no importance whatsoever. What matters is that the economy of the token be optimal, so that the (moral) value for the owners of tokens is optimal.
While we are using BTC as our example, i can assure you that BTC's inflation model is substandard and inefficient (this is entirely provable although it would be a long post), but they chose it because it was the best they could do. IUM uses a smarter, more dynamic model which has for a goal to have a more stable token for everyone, and thus happier users.
Although the Neuralium team could technically change the inflation model, for one we can only do it if we benefit users, otherwise we will lose our Oh So Important credibility and nobody wants that, we work hard to build this, like any other company we want to maximize the project. But even BTC could change its inflation model if it wants to. all Blockstream has to do is change the code and voila. most people will always follow the brand "Bitcoin (tm)". (as we saw in the segwit/BCH debacle).
It sucks that every crypto out there needs and has custodians, but it's life and it's reality. Now the next best question is, do we know who the custodian is? is it accountable to the people and users and is it accountable to a know set of laws? it must be and this is what we do.
What you are saying does not address the core problem that the pools, if they want to can shutdown bitcoin any time they want, point blank. Who knows, maybe they are owned by banks now (
) and if the banks hate bitcoin, they might be waiting for the right time to press the stop button. What you are arguing that an entity will fight for it's survival as long as it is profitable to do so is true for any company. Ford has been in business for over a 100 years. VISA and Mastercard have been in business for a long time too. So does Paypal, and any other company for that matter. Projects live on as long as they are worth it to run.
Now about the inflation, it does not matter at all what are the rules of the inflation, whether it is hardcoded in code or established on a schedule by people. It has no importance whatsoever. What matters is that the economy of the token be optimal, so that the (moral) value for the owners of tokens is optimal.
While we are using BTC as our example, i can assure you that BTC's inflation model is substandard and inefficient (this is entirely provable although it would be a long post), but they chose it because it was the best they could do. IUM uses a smarter, more dynamic model which has for a goal to have a more stable token for everyone, and thus happier users.
Although the Neuralium team could technically change the inflation model, for one we can only do it if we benefit users, otherwise we will lose our Oh So Important credibility and nobody wants that, we work hard to build this, like any other company we want to maximize the project. But even BTC could change its inflation model if it wants to. all Blockstream has to do is change the code and voila. most people will always follow the brand "Bitcoin (tm)". (as we saw in the segwit/BCH debacle).
It sucks that every crypto out there needs and has custodians, but it's life and it's reality. Now the next best question is, do we know who the custodian is? is it accountable to the people and users and is it accountable to a know set of laws? it must be and this is what we do.