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by hndamien
3015 days ago
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And Charlie Lee is a scam artist, so no surprises there. In light of the downvotes with no response, here is some reasoning. He bought in at around $30, and the first thing he did was clone BTC with minor negligible modifications. Philosophically at that time, this shows a remarkable lack of commitment to the underlying goal. Then, during the recent boom he completely cashes out of his own project while the market cap shows nothing close to the transformative goal of the creation of Bitcoin. Ultimately what he does doesn't matter, but his actions speak louder than words. In addition, the tactics employed within Coinbase for the LTC listing and his involvement in a proof of stake coin leave me completely unsurprised. This isn't to say Nano has no merit, I congratulate the team there, but proof of stake, unfortunately, results in all rewards to creators and an unsatisfying amount of control among people where distribution was guaranteed for no "work". |
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You think Bitcoin is good but fear Litecoin for creating a new alternative system?
You think deregulating into a anarcho-capitalist deflationary market is good, but then complain when someone does something you don't agree with?
Apparently you haven't bothered to look at how Bitcoin is created? The supply is generated in such a way that a small group of users spent minimal work (CAPEX+OPEX) to generate the majority of the supply. All "rewards" of the supply went to the smallest population of the world. Satoshi just created a new system for oligarchical wealth extraction.