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Diffstat (limited to 'doc')
| -rw-r--r-- | doc/paper/taler.tex | 4 | ||||
| -rw-r--r-- | doc/paper/taler_FC2016.txt | 6 |
2 files changed, 7 insertions, 3 deletions
diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex index 72c9bbef9..2f6d45e19 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 743aab0e7..d84e2ce05 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 https://ponzico.win/ and +> https://www.reddit.com/r/Bitcoin/comments/1zzzq0/ponzicoin_operator_steals_money_investors_get/ [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 |