Quote from: bppsp1 on January 19, 2014, 06:21:48 pm

I have no issue if he outright earned the coins but whats been said is that he simply gave himself the coins and later when he got caught made it public.

The problem is that you shouldn't listen to "what's been said" and check the facts.
He didn't gave himself the coin out of thin air.
He got the coin from his mining of memorycoin 1.0 as every other miner did. (and Protoshare to, for more detail read my post : https://bitsharestalk.org/index.php?topic=2124.msg26182#msg26182)
And this was described in the coin announcement in plain sight !

All the FUD around this is done buy a few people who want to grab the officer salary for themselves without contributing to the development of the coin, their last take was to ask FreeTrade to give his coin to them/everybody as a blessing for the coin...

All the FUD has done is drop the price off MMC very low. Let's take that on the positive side and say it will allow redistribution of the coin, and allow some clever investor to come in at a cheap price. But this has to stop as all the info is out right now and not much to discuss about any more.

Quote from: bppsp1 on January 19, 2014, 06:53:11 pm

This is why I am asking yet again, is the pool really running at 40-50% "badluck" for the last 24hrs ? Either that or I am receiving far less per block than I should.

I don't know how the calculator calculates an income.
Also take into account that network doesn't find 1440/6=244 blocks per day. Current block is 8640. 24 hours ago is 8417. Only 223 blocks have been found for 24 hours. You can subtract from your income 223/244 = ~10%.

Quote from: bppsp1 on January 19, 2014, 06:21:48 pm

Quote from: barwizi on January 19, 2014, 06:15:58 pm

Quote from: FreeTrade on January 19, 2014, 06:00:34 pm

I think you guys are ignoring the answers that have already been provided -

https://bitsharestalk.org/index.php?topic=2288.msg27422#msg27422

There was nothing stopping you from participating in MemoryCoin 1 - people who did risked their time and effort and were rewarded for that. That's part of the culture we have here - developers and contributors are rewarded for their effort.

Perfect answer. Not your fault people missed out. Developers aren't free workhorses.

I have no issue if he outright earned the coins but whats been said is that he simply gave himself the coins and later when he got caught made it public.

This is the problem that people are having with it. I do believe he deserves some form of payment for the time he puts in but what I think people see in what he did is similar to someone working at the Reserve bank and simply printing money for himself because he apparently deserves it and its his right as employer there to do it.

There is proper ways of compensating hard work and from what I read this really doesn't seem like the proper way at all.

I have helped develop coins, fix them and even have my own 0.001% of users ever really help the dev, most is just complaints. Mine was 0% premined yet people expected me to shell out my own funds to make their investments worth it.

I FULLY SUPPORT DEVS ALLOCATING THEMSELVES A GOOD PORTION OF THE OVERALL. Let's not even begin to talk about how unique his ideas are.

Quote from: FreeTrade on January 19, 2014, 06:00:34 pm

I think you guys are ignoring the answers that have already been provided -

https://bitsharestalk.org/index.php?topic=2288.msg27422#msg27422

There was nothing stopping you from participating in MemoryCoin 1 - people who did risked their time and effort and were rewarded for that. That's part of the culture we have here - developers and contributors are rewarded for their effort.

Perfect answer. Not your fault people missed out. Developers aren't free workhorses.

Quote

Personally I think this could all be taken care by simply splitting all the premine coins he allocated to himself across all network generated addresses equally. Sure some coins would go to non-used wallets and effectively end up in /dev/null but this way he would distance himself completely from what seems to be a big issue and causing unneccesary friction.

This is in essence what I was trying to do with the paid positions. Split them up amongst the people who voted. I also did this with the few elections we won.

In the end, it doesn't really matter.  In a year from now the same people will be in the same positions having done very little to make the coin prosper all while the price continues to fall and buyers continue to disappear.

It was/is a good concept, just poorly executed. With out the pre-mine, this would've been a successful coin. Memorycoin 3.0 anyone. I am predicting it here first.