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Main => General Discussion => Topic started by: Stan on October 10, 2016, 06:20:09 pm

Title: Should we be suppressing "unworthy" digital currencies?
Post by: Stan on October 10, 2016, 06:20:09 pm

My latest post on Steemit...

Should we be suppressing "unworthy" digital currencies? (http://steem.link/rycUF)

Title: Re: Should we be suppressing "unworthy" digital currencies?
Post by: xeroc on October 10, 2016, 06:33:42 pm

Very good post ..
Greed is harmful .. mostly because it slows you down and offers nothing than frustration ... If you find yourself in greed .. either ignore it, or try to "fix" it ..

Title: Re: Should we be suppressing "unworthy" digital currencies?
Post by: Stan on October 11, 2016, 01:26:53 pm

Quote from: xeroc on October 10, 2016, 06:33:42 pm

Very good post ..
Greed is harmful .. mostly because it slows you down and offers nothing than frustration ... If you find yourself in greed .. either ignore it, or try to "fix" it ..

greed
/ɡriːd/
noun
1.  excessive consumption of or desire for food; gluttony
2.  excessive desire, as for wealth or power


Now we must quibble about how much is "excessive".

Suppose your goal is to build a company big enough to colonize Mars.
How much should it be allowed to earn before it becomes "greedy"?

Title: Re: Should we be suppressing "unworthy" digital currencies?
Post by: R on October 12, 2016, 11:35:02 pm

Does suppressing currencies make BTS less decentralized?

Title: Re: Should we be suppressing "unworthy" digital currencies?
Post by: Stan on October 13, 2016, 03:00:18 pm

Quote from: crypto123 on October 12, 2016, 11:35:02 pm

Does suppressing currencies make BTS less decentralized?

Not sure what you mean...

The article my post was responding to was worried that the proliferation of currencies would confuse the public and that efforts should be made to discourage people from introducing new coins.

My article explains why I don't think that is necessary, desirable, or possible.