Quote from: fernando on October 03, 2014, 10:40:34 AM

Quote from: patrolman on October 03, 2014, 09:34:20 AM

Quote from: georgem on October 03, 2014, 05:47:42 AM

Satoshis principles of how a blockchain is secured and validated. You just want to let the validation be done by an elitist club of early adopters, instead of giving EVERYBODY a chance of participating in the coin creation. That's what I don't get.

Mining gives everybody the possibility to get to some DRK without the need to go thru an exchange or thru some smug MN holder who thinks he is now supposed to be the sole source of DRK.

I am mining all kinds of coins, so I don't need to go thru the whole established banking system with all their KYC etc...
No bank anywhere has my personal information and knows that I bought cryptocurrencies, EXACTLY because I was able to get to some coins by running a mining machine!

So, if you get rid of mining, you take away from people the possibility that they can create coins themselves, instead you are forcing them to only be able to buy darkcoins thru an exchange, which is INSANE!

Darkcoin is VERY COOL in that regard, because it let's you still mine with your CPU/GPU. (And imagine in the future having X11 USB ASICS that cost 10 $? Isn't that fantastic? Giving some kid a X11 miner as present and having him participate in the network. Ok, maybe in some rich elitist famility they can give some kid 1000 DRK complete with managed server, .... )

If the blockchain were to be validated by MN network only, I would not trust it. Sure, everybody can provide a blockchain, it's not just about its visibility, it's about its integrity!

You have the burden of the proof to show that MN network can really replace mining. Not me!
Such extraordinairy claims require extraordinairy evidence.

This is a great point, especially when you consider that in some parts of the world, people have had their bank accounts closed for being involved in trading cryptocurrencies. To be fair though, if you really wanted Darkcoins, you could receive some in exchange for goods or services without going through the exchanges.

You can also buy cryptos over the counter. Not everywhere, but localbitcoins works great.

One of banks that I use in the UK now challenges every payment I make to a bitcoin whale as fraudulent activity. I have to spend ten minutes on the phone verifying my identity and explaining the transaction.