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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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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 called an AltCoin, and, if successful, reap the benefits of the low
cost to initially create coins cheaply as the proof-of-work cost to initially create coins cheaply as the proof-of-work
difficulty adjusts to the computation power of all difficulty adjusts to the computation power of all
miners in the network. As participants are miners in the network. As participants are de facto investors,
de facto investors, AltCoins become a form of Ponzi scheme. AltCoins can become a form of Ponzi scheme.
% As a result, dozens of % As a result, dozens of
% AltCoins have been created, often without any significant changes to the % AltCoins have been created, often without any significant changes to the
% technology. A large number of AltCoins creates additional overheads for % technology. A large number of AltCoins creates additional overheads for

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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 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). 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? [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 It seems to be built on it. (Could you use Lucre instead?) (Or is it