|author||Jeffrey Burdges <firstname.lastname@example.org>||2017-05-18 14:10:39 +0200|
|committer||Jeffrey Burdges <email@example.com>||2017-05-18 14:10:39 +0200|
Ponzicoin to the moon!!!
2 files changed, 7 insertions, 3 deletions
diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index 72c9bbef..2f6d45e1 100644
@@ -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
diff --git a/doc/paper/taler_FC2016.txt b/doc/paper/taler_FC2016.txt
index 743aab0e..d84e2ce0 100644
@@ -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
[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