Post
Topic
Board Altcoin Discussion
Re: Microcash.org says "Solidcoin"
by
pla
on 28/04/2012, 14:15:47 UTC
If anything is a pyramid scheme it's MicroCash, where fees are equally distributed back to the chain depending on the amount of MicroCash in them.

You, uh, still haven't answered my question about the nature of those fees and where they go on the short term.  You made a vague allusion to "operational costs", of which none exist that the entire network doesn't already share equally, no central taxing authority required.


Just because Bitcoins block values look like this ...[snipped]... Does not mean we can liberally use the word pyramid around Bitcoin. Thanks for clearing it up for us.

Right, it doesn't - Because a "pyramid scheme" refers to a very specific, well-defined type of scam, rather than to your entry in the weekly bad-ASCII-art competition.

Bad enough we need to explain this over and over and over to the general public, without members of our own community deliberately misusing such terms to (attempt to) score political points.