This is actually an outstanding opportunity to perform a scientific experiment, rather than arguing about it.Why doesn't barwizi launch a second identical chain as his own NoirShares competitor? Let the competing chain follow the
Ten Natural Laws of the Crypto Universe for fair ethical competition and see which of the two chains gains the most traction!
The 10 Natural Laws of the Crypto UniverseI suppose anybody could play the role of the honorable competitor, but it would be best if barwizi did it for the following reasons:
1. It would eliminate making the experiment something personal.
2. Barwizi wins either way and is thus rewarded for his hard work.
3. It would compare apples to apples since the business models would be identical - testing whether the Ten Natural Laws really matter.
What would such an experiment look like? Let’s take a look.
Since I don’t want to presume that barwizi would actually be interested in being his own competitor, let’s postulate that another hypothetical entrepreneur named Macarena suddenly appears on the scene. Macarena likes some of barwizi’s ideas, but notes that he’s neglected to consider most of the Ten Natural Laws in his approach. He’s left himself wide open to competition and it might as well be her!
She decides to compete honorably according to the Ten Laws already widely accepted by the industry. Barwizi has already released his software as open source according to Law 1 and all the altcoins of Bitcoin have long established the precedent that it is ethical to clone barwizi’s code according to Law 2. We'll presume that barwizi's idea is great, so according to Law 3 it will ultimately cloned by many.
According to Law 4, she decides to give it a better name than NoirShares 2.0, so she unimaginatively picks NoirShares 3.0.
According to Law 5, she gives it a better algorithm - she uses BitShares-X so she can avoid wasteful mining.
According to Law 6, she appeals to PTS/AGS shareholders instead of those who are stuck on mining. She gives them each 40% and reserves the last 20% to be sold as her own AGS to fund her specific development plans.
According to Law 7, she directs transaction fees to shareholders instead of unneeded miners, making NoirShares 3.0 more profitable.
According to Law 8, she then lets her 3.0 compete with barwizi's 2.0 in the free market. She has been careful not to leave any room for someone else to introduce a 4.0 that could leave her in the dust. (Although perhaps someone could forego that last 20% she has reserved to raise funds for her development.) She calculates that a 3.0 version supported by someone who has some development funds will be more competitive than a 4.0 version with no supporting war chest, and decides she has picked the optimum mix. The invisible hand of the market will decide if she has chosen well.
Law 9 says she needs to attract the biggest crowd, so she asks Invictus for support she has earned. She is suddenly featured in interviews with bytemaster and ads placed everywhere by Brian Page. She sets up her own version of AGS for 3.0 and because she has the backing of Invictus as an escrow agent people are more willing to trust her with donations that help her grow features faster than 2.0 can.
Further, she is now getting help forming a real company that she owns according to the ideas of the February Invictus newsletter. She becomes a full fledged development company with the horsepower and reputation to launch even more DACs as time goes by.
Law 10 gives her the network effect and before long she becomes the standard for all things Noir.
Sure would be an interesting experiment, no?