Re:Crypto.com Halts Solana USDC and USDT Withdrawals
by zmaurelius on Wednesday November 09, 2022 @06:23PM
(#33539635)
I don't think fair distribution of cryptocurrency in the bootstrap phase is a solved problem. We got a long way to go if we are to come up with a fair system. Satoshi went with the best that he could come up with which is a no premine solution.
A slightly better solution would be a no premine coin with a global announcement for 5 years before the mining begins so everybody gets a fair shot at participation. I am sure we can develop even more fair forms of distribution with sufficient research.
Re:Crypto.com Halts Solana USDC and USDT Withdrawals
by EFreethought on Wednesday November 09, 2022 @09:18PM
(#33541348)
Honestly, that would give wealthy people (and possibly scammers) plenty of time to figure out how to game the rules.
Re:Crypto.com Halts Solana USDC and USDT Withdrawals
by EVa5I7bHFq9mnYK on Wednesday November 09, 2022 @07:35PM
(#33540482)
Nobody is going to be rich forever, because nobody is going to live forever. You have a very hard time limit to spend your coins.
Re:Crypto.com Halts Solana USDC and USDT Withdrawals
by UncleMeat on Thursday November 10, 2022 @08:26AM
(#33546057)
Coins don't return to the reward pool when somebody dies. A system of new aristocratic families based on who was an early adopter and held on to some BTC is not something I'm excited about.
Re:Crypto.com Halts Solana USDC and USDT Withdrawals
by EVa5I7bHFq9mnYK on Thursday November 10, 2022 @09:40AM
(#33547099)
The world was much more unequal than today back in the time. It all diffuses quickly with usage.
Re:Crypto.com Halts Solana USDC and USDT Withdrawals
by UncleMeat on Thursday November 10, 2022 @12:26PM
(#33549971)
We might have different definitions of "quickly."
I also don't think that going backwards is a good thing. Yes, BTC is more equitable than a system of divine right of kings where the monarchy literally owns everything. Hooray.
And if another system eventually wins... then isn't that simply an example of a cabal of people (though not necessarily rich at first in this case) modifying the rules for money supply? Doge produces a different outcome than BTC. That's important.