Quote from: dga on September 07, 2014, 07:53:33 PM

Quote from: rpietila on September 07, 2014, 01:53:50 AM

Quote from: rdnkjdi on September 07, 2014, 01:49:13 AM

Quote from: rpietila on September 07, 2014, 01:24:17 AM

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.

Several that I've been involved in mining - Boolberry, Riecoin, to name a few.

If you want an example of a truly admirable launch, look at how Gatra handled Riecoin. Others should learn from it -- soft launch with a tiny block reward that slowly ramped up to full to reduce the "first day adopter" benefit.

(What Riecoin got wrong was the difficulty adaptation, compared to something like DGW, so when jh00 released his super-optimized miner, there was a brief splurge, but it wasn't a classical instamine. The diff was already elevated, at least, well above the release value.)

I give him huge kudos for doing it in a very ethical and transparent way:

https://bitcointalk.org/index.php?topic=446703.0

Quote

Since this is a new PoW, it is very hard to define a starting difficulty that avoids instamining. To overcome this and contribute to a fair launch, the first 576 blocks will have no reward and the next 576 will linearly increase and reach the full reward at block 1152, after 4 difficulty adjustments were performed. Besides avoiding instamining, this should allow time for those who want to compile their own clients.
Expect the starting difficulty to be hard.
Source code will be provided a few days before launch, but the PoW functions will be replaced by stubs. The idea is that everyone would be able to examine the code and confirm that there's nothing strange and it is indeed pretty similar to bitcoin's. Everyone would be able to compile it, see if they have the correct dependencies, etc, but it won't run. At launch time, when the final code is released, everyone could easily check that the only thing that changed is the PoW code, so you'd only have to check the diff of a few lines of code and recompile.

Thank you. I think this might be why rptelia comes off wrong to some. He has bragged about never being involved in an altcoin before this one but makes broad assertions. Which lead people to question his other assertions.