Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
*frustration had on
I just checked the via richlist: there are >40 guys owning >40000 via....
What is up with you? Why are you not participating? I own a fraction of that. Are those ~>10btc you spend not worth to get involved? I really, really dont understand you. What is your motivation behind this behaviour. As an economist, I have to say that this proves that all our rationality assumptions are crap...... game theory is wrong. My fear is that Ostroms theory of collective action is also wrong as it allows for endogenous institution building which is not happening so far (on the scale that that the richlist would suggest).
Ask yourself:
- Am I a rational person? if yes, you should see the monetary incentive to get involved and build a community.
- Am I a conditional cooperator? if yes, what is the damn social threshold that gets you involved?
The latter question is more directed to myself I guess.
ps: there is no benefit of free riding. Read Hardin (1968). Externalizing your actions will push the outcome below the social optimum. Get your shit together.
* frustration had off.
edit: this post is generally directed to community participation and specifically to the lacking discussion on merged mining. Thanks to all cooperators.
I just checked the via richlist: there are >40 guys owning >40000 via....
What is up with you? Why are you not participating? I own a fraction of that. Are those ~>10btc you spend not worth to get involved? I really, really dont understand you. What is your motivation behind this behaviour. As an economist, I have to say that this proves that all our rationality assumptions are crap...... game theory is wrong. My fear is that Ostroms theory of collective action is also wrong as it allows for endogenous institution building which is not happening so far (on the scale that that the richlist would suggest).
Ask yourself:
- Am I a rational person? if yes, you should see the monetary incentive to get involved and build a community.
- Am I a conditional cooperator? if yes, what is the damn social threshold that gets you involved?
The latter question is more directed to myself I guess.
ps: there is no benefit of free riding. Read Hardin (1968). Externalizing your actions will push the outcome below the social optimum. Get your shit together.
* frustration had off.
edit: this post is generally directed to community participation and specifically to the lacking discussion on merged mining. Thanks to all cooperators.
I can certainly appreciate the sentiment, but a lot of people get involved in different ways. You have no idea if some of those holders are building businesses based on via. As someone who is doing that now, I can tell you it will take a while.
But maybe they just don't have any desire to participate, and are just looking to be a passive investor. It takes all kinds to build something big. Everyone who owns, mines, buys a giftcard, or participates actively in this forum is a part of the equation. Your gripe is really with those who dip their toe in/actively ask when something is going to happen/do nothing to advance the coin themselves.
Moral of the story: be patient...this coin and the things being built on it aren't going anywhere
If you believe that premise, it doesn't matter how low it drops, or how little volume there is. It's all just an opportunity to buy more (if you believe in it's success long-term) Just keep doing your thing. Eventually, people will take notice
