Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed
by
Kenta
on 15/06/2014, 15:38:29 UTC
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.


Privacy is temporary and as soon as the POW stage ends there will be no more privacy. Think about Minerals as being 100% POS where distribution is being achieved by mining and not some random allocation.
Btw, two darlings of crypto - NXT and DRK are/were private. If people are concerned about privacy we should really start with them where millions of dollars have been invested.

I agree with minerals dev. the idea of getting premine for dev from pool fee and cutting off the middleman (other pools) is a good move.
claiming to speak as the representative of merely 150 people does not necessarily means that you representing the goodness of crypto.

I think we safely can say he represent a small group of people that used to make a lot of money the way distribution were done in the past, but won't do it if other ways becomes the norm. He represent the goodness of their pockets, not the goodness of crypto. Just like any other mafia, he's prepared to take it very far to defend his business and it's up to us, the crypto community, to stop it before that sort of people gain too much control.