path: root/doc
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authorJeffrey Burdges <>2017-05-18 14:10:39 +0200
committerJeffrey Burdges <>2017-05-18 14:10:39 +0200
commit7bdb386e20e76eef47abf48962a431489ec9531c (patch)
treeb03b33429936ca850232ec2a63d52b68b6f8b779 /doc
parent6dd31f5aee40f6aa6589d0adf4de10dea2027f84 (diff)
Ponzicoin to the moon!!!
Diffstat (limited to 'doc')
2 files changed, 7 insertions, 3 deletions
diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex
index 72c9bbef..2f6d45e1 100644
--- a/doc/paper/taler.tex
+++ b/doc/paper/taler.tex
@@ -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
--- a/doc/paper/taler_FC2016.txt
+++ b/doc/paper/taler_FC2016.txt
@@ -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 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