Neptune should get rid of any form of dev tax or pre-mine to pass the Howey test

โš“ Neptune    ๐Ÿ“… 2023-11-08    ๐Ÿ‘ค i2pZ7812HTZV69    ๐Ÿ‘๏ธ 587      

i2pZ7812HTZV69

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This post was published 163 days ago. The infomation described in this article may have changed.

We all know why Monero worked so well.

Whether its any pre-mine coin or any dev tax we all know how the free market and regulators will respond.

๐Ÿท๏ธ important-stuff

sword_smith    2023-11-09 ๐Ÿ‘ ๐Ÿ‘Ž

All other things equal, Neptune might be more attractive as money without the 1.98 % premine. But that โ€œall other things equalโ€ part does not hold in this case. Neptune is currently developed by a team of four full-time developers who need to pay bills. So far, more than 6,000 commits have been made in all our repositories representing somewhere between five and ten person-years. And more are needed.

The simple reality is that Neptune would never launch without a way to raise money. The small premine is that way.

Our premine is much smaller than most blockchains already launched or currently under development.

I wrote about this tradeoff in a blogpost:

โ€œWe cannot hide our identities like Satoshi Nakamoto did, but we can dissolve the founding company some time after the launch of main net such that the blockchain will be without a clearly defined leader and true decentralization can emerge. And we can minimize the premine such that it only suffices to pay for the development of the protocol.โ€

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i2pZ7812HTZV69    2024-02-18 ๐Ÿ‘ ๐Ÿ‘Ž [op]

then how about taking into consideration the current good approach of neptune recent roadmap about future company abolition and neptune correct path towards Monero RandomX POW and merge mining

why not keep the conversation alive about the benefits of small tiny tail emission AS an Extra Security Layer which could help miners, node runners and developers (wink wink) to gather future funds in a covert manner

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