Post
Topic
Board Altcoin Discussion
Re: Is it possible to destroy Monero (XMR)?
by
Viper1
on 07/09/2014, 02:18:35 UTC
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.

No one can really answer your question since we're not sitting in the devs house watching what he's doing.  I do know that 100% of Qora was distributed to something like 150 investors via an IPO.  But for all we know, the dev could have bought in as well.  Frankly, it makes me nervous if a dev doesn't have a sizable stake in their own coin as I don't see them being as married to the long term success of the coin if they don't.

You've gotten a bit off topic here lol