Post
Topic
Board Project Development
Re: [ANNOUNCE] Zero Reserve - A distributed Bitcoin Exchange
by
Jutarul
on 09/06/2014, 09:10:34 UTC
Should the test run fail due to lacking participation, I will take that as a vote against truly distributed, OpenSource Exchanges and for the control of Bitcoin through the corporate state. Consequently, I'll withdraw.

One of the lessons learned from bitcoin is that the main driver of adoption is capital formation based on scarcity, basically rewarding early adopters disproportionally. Bitcoin would have probably suffered the same fate as ZeroReserve to date if it weren't for the concept of an arms race.

I still think this project has tremendous merit and would encourage every capable person to look at it and try to apply it to their economic framework. I am myself guilty for not following up on the peaked interest a while ago - there are many excuses but as pointed out above, excuse is irrelevant - what matters is reward.

So to move this discussion a bit ahead in what maybe the right direction, would you please detail how the reward system in ZeroReserve works and how it would facilitate adoption?

Your work and your contribution is truly appreciated.