Post
Topic
Board Altcoin Discussion
Re: Is it possible to destroy Monero (XMR)?
by
kennyP
on 07/09/2014, 02:13:57 UTC

Fair launch. It is just so precious. And never before happened as well. So that the largest holders are not there by accident (or more likely planning by the dev), but because they wanted to buy a crappy coin at a high price. Monero's history is special.

I can only say that if something should happen, but has not yet happened, there is a good chance that it will happen.

I want to say this with as much respect as possible.  But how many alt coins have you been involved with?  How many have you seriously taken a close look at?  I've seen you saying you have had no use for alt coins until Monero which leads me to believe you never took a serious look at previous alt coins. 

I want to say this with as much respect as possible. Show me a coin where the dev holds less than 1% of the coins in circulation.

Of course I respect the devs, but I have to say that equally important is that the devs respect the whales. The whales make the economy. Economy is the reason why the coin exists. I can support Monero without even having a functioning wallet (wrong OS), because the distribution of coins is right.

NXT! BCNext does not own any NXT afaik.

NXT started with ~8 whales, a few dolphins, and many big fishes. Very fair launch too, over two months long, very public. As it was the first 'IPO' people didn't see NXT for what it was, but they do now.

NXT launch has all the criteria for fair process, just the outcome people didn't like. Same as bitcoin ... and XMR too