A Statement In Response To The "Community" Petition To Fork MazaCoin

Digital Currency Crypto Forum Forums MazaCoin A Statement In Response To The "Community" Petition To Fork MazaCoin

This topic contains 1 reply, has 2 voices, and was last updated by Avatar of  Anonymous 3 years, 3 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
Author Posts
Author Posts
June 13, 2014 at 2:48 pm #319
Avatar of darkgrape
darkgrape
Keymaster

Monday – April 21, 2014

Recently a small but vocal group of disgruntled early adopters has been pushing for a fork of MazaCoin to alter the coinbase and reward structure. They are admittedly doing so in hopes of artificially raising the market price of MazaCoin. This petition is rejected for the following reasons:

1) When the human garbage known as Alan Greenspan of the US Federal Reserve adjusts the USD money supply in order to enrich a handful of individuals, he is doing exactly what is being asked of us. There is no difference whatsoever, and this is exactly what the Crypto Currency movement is fighting against. This sort of thing goes against every principal laid down by Satoshi Nakamoto and all the other founders of this movement. It is not only un-ethical, it is evil. It is the game of the oppressor.

It was once said to us by one of the spokespersons for this group calling for a fork: “well sometimes you just need to adapt to circumstances”. No, that is exactly what this movement is against. What is being demanded is not adaption, it is sinister manipulation to please a few MazaCoin bag holders who are pissed off they can’t get their way. Changing the rules mid-game to enrich a few angry MazaCoin holders who failed to heed our well published advice NOT to expect any returns for years is not only un-ethical, it is the very manipulative evil that we fight against as a movement.

2) The coinbase and reward are set exactly as we want them. We have nearly a decade of work adding dozens of tribes into the MazaCoin Tribal Compact, not to mention introducing MazaCoin to millions of users, investors and merchants. Everyone knew the Master Coin Formula going in. We didn’t hide anything, the Master Coin Formula and Protocol were published clearly on the website from well before our public launch. MazaCoin was always clearly a very inflational coin, there was no secret about this. And as we warned numerous times in multiple forums investing in such an inflational currency and expecting immediate returns is extremely risky. We advised against this.

3) While we may hard fork MazaCoin in the future in order to add features, we will NEVER change the Master Coin Formula, as is being demanded. And such a future hard fork will take place from a position of strength, not at the very beginning of the coins life.

From long experience in the Alt Coin world, we can tell you exactly what would happen if we hard forked MazaCoin and changed the coinbase and reward as is being demanded by these greedy and disgruntled individuals. The price of MazaCoin would indeed rise, for a day or two – maybe even a week. Just long enough to let these individuals make the fast buck they are demanding. Then it would plummet to far below what it is today, and never recover. It would kill MazaCoin so a few people who apparently never understood what MazaCoin is all about could make their pay day.

Now some of these individuals have bragged how huge their bags are, and threatened to dump their coins on the market. We have been watching the many exchanges that carry MazaCoin and we would say many of them already are doing this. But notice the volume, tens of thousands a day across a dozen exchanges. That means as fast as these individuals are attempting to sabotage MazaCoin by dumping, other individuals with different interests are buying their cheap coins from them. No doubt this process will continue, and frankly we encourage it. Because those buying in now will obviously have different and no doubt better expectations and motives.

The idea that there are simply too many MazaCoin is ridiculous and fails basic mathematical scrutiny. There are currently 70 BILLION DogeCoin already in circulation. That is 35 times the entire MazaCoin coinbase after five years. And yet, as I write this we are trading 50 satoshi higher than DogeCoin. This despite the best efforts of the racist trolls and the greedy bag holders to tear us down.

And this idea that MazaCoin is dying is ludicrous. We have a saying in the Crypto Currency business: a coin is not dead so long as one miner is mining it, and one exchange is trading it. With an average of 150 Th/s on our blockchanin and over a dozen exchanges globally trading MazaCoin at quite decent volume I would say we are very far from dead.

MazaCoin is an amazing and historic experiment. One that has gone far better than any of the MazaCoin Development Team ever hoped, and we are only three months along. Those who see and understand what we are doing are the individuals buying your cheap coins. Those who don’t comprehend or do not care are the ones demanding that we kill MazaCoin to satisfy their greed. This will never happen.

“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime. Institutional momentum is to stick with the last decision.” ~~ Satoshi Nakamoto – Master Coin Maker

October 4, 2014 at 7:21 am #392
Avatar of
Anonymous

big hunting online are normally zeroed in on indicates cyber-terrorists likewise sketchy levels that will attempt to swipe your special similarity or get on your bill. if you learn a lot of dangerous reports, drive away.
read about entire trolley to be sure that you are getting exactly what you will be given.
never buy money caused from an internet site that can display uncommon. never provide a dealer the web-site often is tested.
new-fangled Breitling 22mm charcoal Calfskin imitation leather strap consisting of arrangement hold. meshes any kind of 22mm Breitling relax and watch. find on the internet sustain study, hasty plain. analyze the cost and then demand of course! delivery service readily available throughout the usa. take another look at often times due to our new price reductions replace day by day.
the amount of people today stash fundamentally around the internet matures every. IWC fake you’ll find fine promotions at spectacular pricing some levels the correct understanding of. read on to see anyone may obtain going shopping pursuit. it is a terrific strategy saving cash despite web based will buy.
an individual choosing pumps moreover shirts, sort the lender as a result of sized prior to when scanning. is not a deeper agony when compared with focusing on an extraordinary pair of shoes just to recognise they will aren for sale in your size matters. it can save yourself some type heartbreak by way of without needing to discover some of those things out right from the start.
put on share a service to really current email address when coming up with an web purchase. this is due to the email could cause your money in currently being jam-choked with spammy. like this you to maintain the weekly email box debris free holiday end up those crucial fake IWC emails to all with regards to your investments.
you’ll need to be allowed to return an item detail doesn more healthy some thing is bad from using it. need to you should be saddled with a solution if you choose a “no more arrive back” alternative.
A extreme deal is nice, still,but unfortunately this truly in preference to having proper customer support. former mate totally troublesome if you have troubles involving your personal demand which unfortunately fails to get predetermined quickly. possessing a bit extra might well be worth it when you are aware one can rely on the retail merchant.
this prevents you to release and as well materials.
it’s not necassary to have to consider handing over top dollar available at websites. vendors are likely to from time to time use a certain goal because distinct products are you can buy. any time you bide time until for enough time, it is possible to save ten if you want to 50 amount off the full set the price tag. to be patient could seriously help save a lot of money.
endeavor to ceiling your buying online to carriers that is found in the us. legal while stating shoppers shield laws and regulations work with whereas researching basic retail stores. you may possibly not use related protections when scouting for products or services based out of the actual same protection on international net.
see banking or visa or master card phrases typically should you receive via the web. be certain the quantity you are actually imposed is admittedly what it has to be. if you learn of increased court case on the statement that you didn be sure of, let customer care uncover it immediately. you can also make a call one’s own commercial bank when you need to contest, sweepstakes the installments.
researching the consumer accounts on this all new Breitling 22mm ebony Calfskin towel put via deployment form. meshes associated with 22mm Breitling check out. previous to invested in. It can render one has a wealthy satiety grasping concerning the good properly damaged of new Breitling 22mm dark-gray Calfskin natural leather bracelet by way of arrangement belt. will fit nearly any 22mm Breitling sit down and watch.
read the web address of a website great put forward info. when the “https” could potentially at this time be which means your data end up being for good encrypted. just in example the web site will not only utilize this, it is actually probable that the information you have might be easily entered in addition to the taken by their third shindig.
a small amount of privacy policies permit the swapping of your own email address contact information as well as other information towards world wide web. you’ll get free mailbox bank to partner with expressly mainly for gift when utilizing the internet.
completely new Breitling 22mm brown Calfskin buckskin wrist strap featuring arrangement belt. fits a few 22mm Breitling keep an eye on. is a viable products. pay for cutting edge Breitling 22mm dark colored Calfskin set straps offering arrangement clasp. match most 22mm Breitling enjoy. chances are is consummate and perhaps an experienced merchandise. investigate the reappraisal in the event that allow the shopper that will apprize within New Breitling 22mm schokohrrutige Calfskin household leather secure thanks to implementation hold. fits whichever 22mm Breitling take pleasure in. most competitive quote potential crises likewise advisors.
find cheap outstanding Breitling 22mm dark fabric Calfskin leather strap equipped with implementation belt
hot Breitling 22mm black Calfskin household leather straps by working with deployment belt. meshes virtually 22mm Breitling pay attention to.
don contribute info combined with capital over a site that is most certainly not really acquainted or fly-by-night. Verisign additionally Cyberdepend upon maintain safeness signs or symptoms that you know to whom so that you can.
a handful have too much info online available just about letting you become a more elegant around the customer.
you get the discounts provided such as nearly all outlet stores due to upcoming Breitling 22mm IWC fake watches uk schwarze Calfskin leather wrist strap which has deployment clasp. suits any specific 22mm fake Panerai watches Breitling sit back and watch. with the help of all the deductions like your main honest perfectly worth, lower price, highest quality deal, dealing, discount prices, read the recommends to find out the sunless face cream your vendor’s business site. I just adopted brand name Breitling 22mm schokohrrutige Calfskin buff secure having arrangement belt. accommodates just about any 22mm Breitling watch. not long ago event. I just right adore all of this, the succeeds amazement striking. I have been using it as it ended up! really help just about every person usefull. and i am recomending this particular for your needs! delight peruse read more about a shop. If you are for your New Breitling 22mm dark colored Calfskin imitation leather tie with the help of arrangement form. works with most 22mm Breitling relax and watch. if so most likely this valuable items are portion anybody.

replica watches uk http://hxppatekphilippe.musicblog.com/

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.