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Ponzicoin to the moon!!!

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Jeffrey Burdges 2017-05-18 14:10:39 +02:00
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2 changed files with 7 additions and 3 deletions
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4
doc/paper/taler.tex
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@ -286,8 +286,8 @@ major irredeemable problems inherent in their designs:
called an AltCoin, and, if successful, reap the benefits of the low
cost to initially create coins cheaply as the proof-of-work
difficulty adjusts to the computation power of all
miners in the network. As participants are
de facto investors, AltCoins become a form of Ponzi scheme.
miners in the network. As participants are de facto investors,
AltCoins can become a form of Ponzi scheme.
% As a result, dozens of
% AltCoins have been created, often without any significant changes to the
% technology. A large number of AltCoins creates additional overheads for

6
doc/paper/taler_FC2016.txt
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@ -118,7 +118,11 @@ is less a currency and more an open protocol for creating new
currencies. So what? And why do altcoins become a ponzi scheme? (Noting
that you do not say that they might become one, rather that they do).
> JEFF: want to add your Ponzi reference here?
> We have adjusted that langauge, as some like Dogecoin have removed
> the 21 billion BTC cap to reduce the ponzi-like tendencies.
> There remains a large trend towards ponzi schemes in the altcoin
> world however, amusingly noted by https://ponzico.win/ and
> https://www.reddit.com/r/Bitcoin/comments/1zzzq0/ponzicoin_operator_steals_money_investors_get/
[2.2] How does Taler avoid Chaum’s patent on his blind signature scheme?
It seems to be built on it. (Could you use Lucre instead?) (Or is it