Re: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept
Hi All,
Here are my thoughts on the matter. Would welcome an opportunity to discuss further in an IRC meet.
This is what I had to say earlier.
There are a few things that I think should be considered.
Activity in and around PMC stopped. This is why it was delisted. No-one posted in the thread, no-one was trading it, the community fizzled away. This is an important and irrefutable fact.
Any 'revival' of PMC should be 'as new' - What I mean by this is that it should stay true to the original intentions of the coin. Those original intentions were an experiment to try to expose what would happen to BTC once it had all been mined.
It is important to note now that PMC was traded, people did make profit and people did make a lose. It can be strongly suggested that people who currently hold PMC either did not actively encourage it's use or take part in the community or bought it very cheap over the past several months (since the crash) in the hopes that they would make a profit at some point, a gamble.
Therefor, I very strongly suggest that very careful consideration should be given to any PMC revival that is slanted to the benefit of existing holders. There is no good reason to reward current holders of PMC in any greater way than new investors which may enter into the revival.
It is very easy to see and the suggest that a revival is to benefit existing holders that invested and/or are hurt that their PMC is worthless.
I believe the best way to proceed is to attempt a revival of the 'experiment'.
This could either be done with a hardfork of the current chain or, my preference, a new experiment should be started but with absolutely no exchange of existing PMC to the revival. It should be a completely new and fresh, clean experiment.
Absolutely no IPO, ever.
All that being said, I do have PMC - But that is my fault and I understand that.
Please PM me a date/time if there is to be an IRC meetup (as I will receive an email alert and will then know to jump in)
Here are my thoughts on the matter. Would welcome an opportunity to discuss further in an IRC meet.
This is what I had to say earlier.
PMC was the first alt that was unique to Polo 
My, how it has grown since then. Shame about PMC, I feel it inspired a lot of PoS coins but got lost along the way. I guess that by the time BTC mining is exhausted something else will have taken over, probably something secured with PoS, or the transactions fees alone would be worth mining (indicating high real life usage, i.e. BTC) - Nice experiment and idea, it was fun to watch.
My, how it has grown since then. Shame about PMC, I feel it inspired a lot of PoS coins but got lost along the way. I guess that by the time BTC mining is exhausted something else will have taken over, probably something secured with PoS, or the transactions fees alone would be worth mining (indicating high real life usage, i.e. BTC) - Nice experiment and idea, it was fun to watch.There are a few things that I think should be considered.
Activity in and around PMC stopped. This is why it was delisted. No-one posted in the thread, no-one was trading it, the community fizzled away. This is an important and irrefutable fact.
Any 'revival' of PMC should be 'as new' - What I mean by this is that it should stay true to the original intentions of the coin. Those original intentions were an experiment to try to expose what would happen to BTC once it had all been mined.
It is important to note now that PMC was traded, people did make profit and people did make a lose. It can be strongly suggested that people who currently hold PMC either did not actively encourage it's use or take part in the community or bought it very cheap over the past several months (since the crash) in the hopes that they would make a profit at some point, a gamble.
Therefor, I very strongly suggest that very careful consideration should be given to any PMC revival that is slanted to the benefit of existing holders. There is no good reason to reward current holders of PMC in any greater way than new investors which may enter into the revival.
It is very easy to see and the suggest that a revival is to benefit existing holders that invested and/or are hurt that their PMC is worthless.
I believe the best way to proceed is to attempt a revival of the 'experiment'.
This could either be done with a hardfork of the current chain or, my preference, a new experiment should be started but with absolutely no exchange of existing PMC to the revival. It should be a completely new and fresh, clean experiment.
Absolutely no IPO, ever.
All that being said, I do have PMC - But that is my fault and I understand that.
Please PM me a date/time if there is to be an IRC meetup (as I will receive an email alert and will then know to jump in)