Quote from: bigj on September 07, 2014, 08:50:24 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.

Disagreed: Whales don't "make" the economy. If they were to, the whole economy would be a cartel, or at best a club.

Whales (if clever enough) just profit the most from a working economy. Don't forget "with great whale comes great responsibility"--

That devs hold >=1% of the currency is probably due to accessibility (first-come first-served) and economic thinking paired with an emotional attachment (love your growing child).

Whales = passive, developer = active:

http://en.wikipedia.org/wiki/Benjamin_Graham

Quote from: Warren Buffett's mentor

Graham distinguished between the passive and the active investor. The passive investor, often referred to as a defensive investor, invests cautiously, looks for value stocks, and buys for the long term. The active investor, on the other hand, is one who has more time, interest, and possibly more specialized knowledge to seek out exceptional buys in the market.