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BitShares PTS / Re: ProtoShares explorer, simulator & co
« on: November 21, 2013, 08:57:28 pm »
The website is down right know.
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A centralized or even pseudo-centralized currency is something we want to avoid.it doesn't matter who mines them it matters who holds them while they appreciate. Most of the major miners out there must turn around and sell their PTS to cover their expense
That's where you're wrong. It DOES matter who mines them. Because if you get 10,000 small guys mining a bit and making some coin they'll stick around and support your project. If you get 10 guys sucking up all the resources with vast cloud mining pools you'll have nobody to support you. As soon as the financial opportunity dries up those 10 guys will dump their PTS and move on. You'll end up being the leader of a broken down crypto experiment that nobody cares about any more.
If you don't get the wide base of supporters in the beginning your project is doomed. I hope you figure out some way to make it work. Maybe on the next DAC you should focus all your efforts on trying to make it accessible to the millions of CPU miners at home who don't want to compete with botnets. Figure out a way to block cloud miners and botnets and you'll become the king of cryptos.
Amen.
Protoshare will becomes a pseudo-centralize currency!