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They may have some flashy names, but there's no truely provable reason to believe they're better than the fly-by-night guys who pop up on bitcoinforums with a n
by problems 10y ago
They may have some flashy names, but there's no truely provable reason to believe they're better than the fly-by-night guys who pop up on bitcoinforums with a new altcoin and dump it as soon as it's up and running.
Since there's no cryptographically provable way to know they won't do this, well, we have to assume it's what they'll do. Distrust is the basis for cryptocurrencies afterall.
- Ar-Curunir 10y agoUnlike those fly-by-night guys, these people have their reputations at stake; they've have not only their names associated with this project, but also their academic careers. Moreover, having worked with some of them, I can assure they're not shady no-gooders...
- meowface 10y agoThere's no truly provable reason to believe anyone isn't a scammer. Many supposedly reputable people in the finance industry are eventually revealed to be scammers. It's unavoidable. But these guys are much less likely to be scammers than the typical no-name GitHub/Twitter/Bitcoinforums accounts promoting a new revolutionary coin.
- DennisP 10y agoPart of the reason for their share of the mining reward is to give them a strong economic incentive to stick with it for at least four years.