Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][EMC2] Einsteinium | funding science education, research, & development
by
DrGrid
on 02/12/2014, 13:48:14 UTC
Quote from: matauc12 on December 02, 2014, 05:15:28 AM
Quote from: DrGrid on December 02, 2014, 02:22:44 AM
I'm thinking about joining your community after I read a few of Armis' eloquent responses to a number of posts, though I would like to ask the following question first. I am of the opinion that there are too many independent cryptos and often the independent projects' interests will much rather conflict with each other than aid one another. My tendency is therefore towards cryptos that really offer a main unique trait that branches into many unique features. I see that you are serious about your work in crypto and I respect that. Can you argue why Einsteinium deserves its own independent cryptocurrency and blockchain? Why is this project not done on top of the Bitcoin blockchain instead?
My personal take on this.
This is one of the few things, but I'm tired and will only stick to this point. It's pretty simple. The fixed donation is pretty unique and serves an actual purpose beyond just ideologies that most other coins vouch for. The only thing that can hinder this is you want those donations to count, so it would be nice to have decent market cap for those donations to mean more. But that in itself, brings a, both, charitable and useful sort of intrinsic value. Something that's mostly absent from most other coins.
The most important thing about this kind of value is its ability to touch and influence people beyond the ordinary usage group. Einsteinium's service is not only valuable for those inside the crypto community, but reaches far beyond. It is important to discriminate between these two groups and to recognise the value and importance of this kind of outreach. Of course this justifies the project, its separate protocol and blockchain and the way it seeks to distribute and provide value. Crypto is potentially a great way to raise money, or arguably even raise money and incentive out of thin air Wink.
The second part of my original question however remains unanswered. I still believe that this project should rather be run as closely to the Bitcoin blockchain as possible and from that benefit from the network. What is the reasoning for a completely separate protocol?