Post
Topic
Board Altcoin Discussion
Re: Is it possible to destroy Monero (XMR)?
by
rikkejohn
on 09/09/2014, 23:50:18 UTC
Show me a coin where the dev holds less than 1% of the coins in circulation.

If someone's gonna own 1%+, who'd be better to have it than the dev(s)?

With the high regard that I have to some devs of some coins, in economic matters I trust much more those who have actual success to show in being shrewd with money - entrepreneurs, successful entrepreneurs, self-made men, the ones that have not succeeded by bootlicking governments, but who rather have a track record that governments have continued to attack them, closing their businesses, confiscating their assets, accused them in court on charges based on their own anti-competition laws, yet they have not lost heart, and still have an unwavering spirit to accompish what yet needs to be accomplished. The type Ayn Rand wrote about. The little that we must yield to central management of any kind, I would like to hand over to these men. If there are concentrations of private wealth in this world, I would sleep most happily if it is in the hands of these men.

You made money - amount not disclosed - from buying bitcoin in 2011. You are referred to in your country as the man that made money by buying bitcoin in 2011. So you got lucky, and you might want to play entrepreneur, but you're just a guy that bought bitcoin in 2011.