Post
Topic
Board Announcements (Altcoins)
Re: [NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous Crypto
by
sixteendigits
on 06/08/2014, 15:25:06 UTC
The thing with NUD is the team is too honest, almost to a fault.  Do people think talented C++ devs work for free?  Do you guys think Mr. NUD (I'll refer to him as Mr. NUD to differentiate between the guy and the coin) is the only developer?  There are obviously many players at work behind the scene and a lot of them don't give a fuck about the coin.  They want to get paid.  Why are crypto developers expected to work for free while whales get rich off their efforts?

If there is a premine or IPO, everyone bitches.  If there is no premine and mining is fair, no one contributes shit.  I just wanna see honesty.  I wouldn't even give a shit if a coin launched with a 2% premine and the dev came straight out and said "I'm pocketing these coins because I'm not working for free" if he actually delivered.

"Oh, but BC, VRC, XC all had no premine.  They were so fair and the devs tirelessly work on the coin for free because they believe in crypto"  Bullshit and we all know it.  They launched their coins with zero features and flooded the market with the entire supply of coins practically overnight.  If you think these devs weren't buying up truckloads of their own coins dirt cheap before launching their killer features, you are living in a fantasy world.  Dan Metcalf from XC arbitrarily decided to cut off PoW mining because he didn't want his share diluted further.

Julian would like to have 250-450k NUD.  That amounts to only 1-2% of the total supply of coins once mining is finished.  The problem we have right now is that amounts to 15-30% of the total current supply of coins.  Wanting to hold 1-2% of the total supply of your own coin is totally reasonable, the problem is that it amounts to such a large percentage of the current supply.

Unfortunately though, Julian is right.  NUD needs funding now or it will die.  Some new cryptonote coin has implemented a mini-blockchain, I don't know if their implementation is better or worse than the proposed implementation in NUD.  Some other shit coin is working on stealing the delegate idea.  Things move so fast these days, if NUD doesn't develop faster, it is only a matter of time before someone comes along, forks it, turns it into an x17 3 day PoW/PoS coin, and just another pump and dump.