Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | DarkSend+ Is Live!
by
Minotaur26
on 29/08/2014, 17:03:41 UTC

Someone please enlighten my noob brain......

Please can someone explain to me why this and open source is good news?   Isn't the purpose of the BTC foundation to enrich a select few?  Also, I expect a ton of copy/paste coins based on DRK to further dilute and confuse the masses.


Open source is about tranparency and confidence.

BTC foundation I don't really know.

Confused masses need to learn how to take care of themselves  Roll Eyes

An official legal entity introduces formality to the coin, so that the foundation can act on the best interest of darkcoin, and do things like hire pr services, lobby, promote Darkcoin with potential investor, services, exchanges, etc.  It will help to advance the coin in a formal way.  A serious project, cant grow working just out of an internet forum. It also gives the project a new level of formality that protects investors. In the hypothetical case that the developers would do something wrong, you could sue the foundation and they would be liable, that shows a level of commitment that will raise confidence. As opposed to other coins where you don’t even know who the developers are.  The introduction of the foundation is a major step in the right direction and will lead to a structured effort to promote the coin. Looking forward to helping in the foundation and contributing anyway I can. Very exciting.