Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed
by
binaryclock
on 15/06/2014, 14:57:07 UTC
Code:
[2:14am] do you plan on adding minerals?
[2:15am] psorano: as of right now, we dnt plan on it
[2:15am] minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] they were willing to give us the source but i think the community needs to read and review the code
[2:16am] we're willing to reconsider based on feedback from the community.
[2:16am] *dumps bag on ccex*
[2:17am] but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.


This coin probably is a scam  Roll Eyes

Beware , like Honorcoin

this twat is a fud poster ignore him


Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

I don't understand why are you personally so against this idea. I truly hope that future coins will think about implementing something similar. Pools, like yours, have too much influence and power over crypto and that can't be good. ASICs are another problem. Privacy is temporary and only during the POW stage, moreover source code was given to some people. As the POW stage approaches its end the source and wallets will be released. I think that comparison to Microsoft's secrecy is just not fair.

ps Part of Darkcoin code is private but you support it, why?

btw do you guys remember when was NXT code released? I think at the beginning of this year, something like 2 months after their IPO.

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen. 

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.