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Old 06-28-2014, 09:48 PM  
edgeprod
Permanently Gone
 
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Join Date: Mar 2004
Posts: 10,019
Quote:
Originally Posted by Internet Guy View Post
What advantages does your currency have over say, a crypto-currency which other people might actually want or have a use for?
1) Supported natively and out of the box on sites that matter.
2) No need for a processor like BitPay, which can (and has, apparently) exclude adult transactions.
3) Has a champion inside of the industry to push good-for-porn and good-for-wankcoin agendas.


Quote:
Is the advantage the fact it makes you money as you dump to hopeful-uneducated folks? Because that seems to be about it.. Congrats on trying to extract some money from the crypto thing

All you did is change the name of "Bitcoin", I don't think you made 1 other change Congrats in the innovation.

This is, a bunch of shit! You add no value whatsoever. If people lose money investing in this, I'm sorry, but you deserve to lose it.
I'd argue that the majority of currencies currently on the market are similar. While the technical innovation hasn't been in the currency code (which other coins have obviously done to great success), the native acceptance is a big advantage, and a "soft" contribution on the part of the creators. Skin in the game, in a sense. Dave is accepting signups with it -- if the currency tanks, his signups are worth zero along with any investors or miners.


Quote:
Originally Posted by Internet Guy View Post
And since you're so sensitive to this word on Bitcoin Talk... Gee I wonder why.

I think this is a scam because:

1) it serves no real purpose other than to enrich the owner of the coin, the one with the huge pre-mine.

This is an attempt to make money from those who don't understand crypto-currency or investments in general.

If you wanted to benefit from the anonymity crypto-coins bring, rather than having porn users have to download "wank coin wallets", you'd simply allow an existing crypto payment method (one with existing infrastructure, so it's mildly possible to make the payment anonymously).

What's the point of a crypto specifically for porn, if you want anonymity pick a widely used coin. But that's never been the point. Eh?
1) Pre-mining isn't the taboo it once was. Granted, I think it was ill-advised for the short-term viability of the currency, but I'd argue that the financial reward for working hard on a currency is better paid intrinsically in the currency itself; without this benefit, why put in the work?

2) The infrastructure for existing coins is exactly why a porn-industry-controlled coin was needed. On a whim, any of the providers could decide to not accept payments for adult, and anyone without the software to interact with the blockchain would be out in the cold, overnight. Here, it's possible to control the currency, the feature sets, the wallet, and the acceptance end-to-end.
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