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One thing that always strikes me as unethical with cryptocurrencies is how whoever comes up with a cryptocoin seems to allocate themselves a very generous perce
by Freak_NL 10y ago
One thing that always strikes me as unethical with cryptocurrencies is how whoever comes up with a cryptocoin seems to allocate themselves a very generous percentage of the currency mined before going public. Bitcoin's founder apparently did this (I think it was by mining the easier blocks first), and unless I simply don't fully grasp how any of this works, they would end up being the richest person on Earth by virtue of holding the most Bitcoin if Bitcoin became as popular as the Dollar, Euro, Pound, Yen, or Yuan.
Is Monero any different?
- seibelj 10y agoWhat is the reward for putting in the effort to create a crypto currency? Is it only ethical to make a cryptocurrency if you don't earn a penny in compensation? If it's OK to make some profit, what is the limit? $100k? $10mil?