Quote from: Carlton Banks on April 09, 2014, 12:38:54 PM

Quote from: Peter R on April 09, 2014, 07:32:40 AM

Quote from: DigitalHermit on April 09, 2014, 07:30:52 AM

Quote from: Peter R on April 09, 2014, 12:40:33 AM

I believe my proposal works for any possible alt coin. My proposal is simply a way to create a distribution of wealth equal to that of bitcoin in any new alt coin.

I think this is a fantastic proposal and would even be willing to help with the development effort. I look forward to future threads on this topic and will jump in as time allows.

Awesome. I think we realized something important today.

Hmmm. How could we stop a corporate-backed alt usurping bitcoin in the same way? While bitcoin is used by less than 50% of the world's population, the majority might prefer to align with the clonecoin, so that they get to keep their old wealth. I can see that it would be difficult to prove that the balances are fairly apportioned, as accounts are not public information, and also that the rich and influential could easily see this as a power grab opportunity. That could still pose a real dilemma in a situation where bitcoin and bitcoin-clone seem certain to become dominant as currency in a short period of time.

b/c a corp backed Bitcoin clone would not give them the means to benefit from inflation like they currently do, nevermind the lack of current stake in the blockchain.