Post
Topic
Board Altcoin Discussion
Re: BitShares (wth?!)
by
ThomasVeil
on 29/11/2014, 22:03:57 UTC
Nah, you can just see what is possible if you can change the maximum amount of coins. The above has only 49~ ,below over 1 Million

For all I've read, a good chunk of the 1 Million is from the founders, as they pay their employees with it.

Anyone with half a brain could perform some due diligence and see supply was increased due to a merger.

Guess I'm lacking the brain to see how that makes a difference. Would it be all fine if Bitcoin just adds some cap and hands them to people for their Litecoin?

I'm surprised how little people bother about the original spirit of crypto currencies. The trust in unalterable supply was supposed to be the one core advantage vs. fiat. Now they just call it dilution instead of inflation and change it every couple months. But it's fine, as long as the price goes up.
The Bit-asset market is completely at the hand of the founders - they can (an did) just stop it and update the the functionality whenever they feel like it. It's just a corporation as they (and Ripple) say.

It think it will hurt the whole ecosystem. If there are no ideals of crypto then why should average people start to care?