Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
coins101
on 05/09/2014, 21:44:14 UTC
The entire DRK instamine cost less than 50 BTC for two weeks after the launch.

I'm talking about amount of coins, which is what matters to the distribution of a coin. If you convert them to BTC then you have a BTC potential distribution issue and also a potential coin distribution issue with whoever you sold them told (or not, it depends).

Don't conflate the two.

Initial distribution would only be a problem in a world where markets do not exist. When the markets take over, distribution is sorted out according to demand.

The assumption made is that initial distribution is somehow frozen into eternity when it is not. People buy, people sell, coins change hands. Miners also sell because that's what they do. They mine and sell for profit. Again, coins change hands. And when pumps happen (let alone with multi-million USD volumes per day), that's even more coins that change hands. This has a tremendous effect on distribution.

I think that is where I came into this discussion....


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Many $millions have changed hands since January, what is left are people working hard to deliver a working privacy solution based on bitcoin codebase. 

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