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It's not really an accusation, just a correction that the SciNet team will likely be making a lot of money even if they don't take a cut of the individual trans
by dns_snek 1y ago
It's not really an accusation, just a correction that the SciNet team will likely be making a lot of money even if they don't take a cut of the individual transactions. I think their mission should get appropriate funding so I'm not opposed to the idea as long as it doesn't just end up being a "get rich quick" scheme exploiting the SciHub brand.
I am skeptical of the last part, given the legality issues involved and relatively high risk of prosecution for prolific uploaders (think of Aaron Swartz), it makes very little sense to use a traceable blockchain like Solana for this use case. This system should really be based around an established cryptocurrency that assures anonymity like Monero.
> Do you have any evidence for it, or is it just your expectation of what will happen?
As far as I'm aware that's how most tokens on Solana work. The entire token supply is created by the project owner and they decide how it gets distributed, and they usually retain a significant portion of the supply to sell in the future when a market has been established and their "monopoly money" is worth something.
You can see this if you click on various tokens at [1] and look at the "Holders" tab. There's usually a single address that owns 20-60% of the total supply, sometimes more.
[1] https://solscan.io/leaderboard/token https://solscan.io/leaderboard/token