Creating a new coin has a major problem. Steem was mined. Ninja or not, they listed how to mine it on a forum page and that's how it was done then. How do you mine spork? It has to be engineered in a way that's fair and doesn't have abusers coming for the coins. I'm totally for something like this but that's the problem I see. The SEC hates ICO and so does coinbase. The ICO space is so crazy it's easy for decentralized projects to get caught up and removed from the exchanges. Also how do you get this onto exchanges? they often charge 100,000 usd each. That becomes a problem. Then you have coinmarketcap, they want their cut, and so do many others just for a spot on the board.
You are viewing a single comment's thread from:
It's a direct copy, there is no mine. Just a copy and paste, reallocation of the top 4 accounts into a community controlled fund. No mining, no ico, no sales, no money traded hands... for the initial coin
Yeah, I hear you going forward with inflation and all there would be business laws to take into consideration.
It's a theft.
No, because not one share is moved, I think you misunderstand. I would never steal someone's stake.
So, if I relocate your bank account to community controlled fund and you can't access your money, that's not a theft?
I think you are still misunderstanding no STEEM will be moved in this situation. I would never take what is not mine. I didn't move anything of their users could participate in either or both or none.
Sorry. It looks like I'm too slow. Read stupid. That's why I won't waste my time on this subject. Good luck with your effort.
Okay, but I don't think you are slow. I just think people don't realize we have the ability to copy the financials using the SCOT tokens.
I understand it much better now. Thank you.