Re: [ANN] e-Peso: the government-backed currency for the Philippines (launch 30-oct)
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The fact that someone anonymous wants to create this, with no clear indication of how(...)
ePeso has just been announced... you'll have more details in due time. The official website will be up next week.The fact that someone anonymous wants to create this, with no clear indication of how(...)
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So, to the OP - who are you and what is your background
I'm a software engineer. Some recent cryptocurrency-related experience: I've run some pools (CrunchPool currently), I helped patch stratum for maxcoin, I helped patch NewYork coin and I created a block explorer for it. I've also created and maintained SpainCoin. Quote
However, if you change the algo to a totally premined coin, with only PoS mining to keep it stable (a la Blackcoin), with a clear method of giving it ALL away to Philippines residents, and total transparency as to where the coins go, then I might support it.
What? now calling for a 100% premine?? 
PoS is not secure in its current form as implemented in the many PoS coins in existance. Among other things,it needs constant checkpointing to prevent attacks. That's why the ePeso won't be a premined PoS coin.