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Exactly like original of developers of Bitcoin, it's not because they are not running the nodes themselves that they are not benefiting from facilitating ponzi
by rvnx 4y ago
Exactly like original of developers of Bitcoin, it's not because they are not running the nodes themselves that they are not benefiting from facilitating ponzi or money laundering.
Nodes are running the network, and developers earn through increased coin value and both are necessary part of the operations of the service.
- Anunayj 4y agoYup exactly, the mistake these guys did here is, instead of creating a token that you have to buy to use the service, then giving yourself 50% of the token supply, and having 50 of your keys control a "DAO" for governance, they decided to flatly price.
- paulsutter 4y agoYou've inadvertently explained why a transparent ruse like that wouldn't work. If you want to develop serious privacy technology, make it open source and don't benefit from it financially
- Anunayj 4y agoOh that was sarcasm directed at the state of cryptocurrencies today :P
- deleted 4y ago[deleted]
- paulsutter 4y agoCoders logic != legal system