Quote:
Originally Posted by DDuckworth
You are right, this thread does need to get back on track. As a bitcoin site owner, and someone without an argument, but legitimate concerns and questions, why have both you and lavajumper both ignored my post?
About hashing power, and concerns about it becoming illegal, what keeps pools from getting 51% on your coin? Are you saying you've solved the issue of 51% attacks with sexcoin? Because if you haven't then there is no need pointing out the concerns surrounding a 51% attack on bitcoin because those same concerns would apply to your coin.
Finally, if the government were to outlaw bitcoin, I'm pretty sure they would do it by outlawing ALL crypto's. There is little to no chance they would even bother outlawing just bitcoin because then everyone would simply switch to litecoin, and whatever coin came next if they outlawed that too. It would just be silly.
Please understand, I am not here to down your coin. I am here simply to try and point out some very obvious issues that you have, that are not being addressed. Rather, all I see you doing is attacking bitcoin. If you want sexcoin to be successful you're going to need to start stating the good of your coin, and no need even mention bitcoin.
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I'm not ignoring the thread, I just don't check it all the time. And I want to sincerely thank you for a very insightful reply, not just a simple bash. Personally I'm not attacking bitcoin in the least, we all owe a great debt to bitcoin and the bitcoin community. Sexcoin was created because of a few reasons. One was that bitcoin was attempting to distance itself from 'nefarious' activities. Another was that bitcoin's confirm times were wholly unacceptable for a business such as adult web sites... coinbase was not on the map and bitpay was too complicated; so confirm times were paramount. There are more reasons, but I don't want to TLDR you.
Sexcoin was probably the first niche coin to actually be usable...cryptosextoys.com accepted it, so you could mine, or buy sexcoin and then purchase lingere and dildoes from cryptosextoys. You could also do it quite anonymously with the exception of your mailing address. ( My SO has received a shower of gifts from that site ). Our vision has been a currency that could be used as tokens for cam girls, anonymous escort transactions, stripper tipping, web VOD purchases, all with an interchangable format. So if you bought Sexcoin, it would be accepted by manwin, A&E, Kink.com for VOD, or you could choose to purchase goods or services. The SO problem is solved because sexcoin can be used in many different arenas, but it is also segmented, or earmarked, for the grown-up activities. In this way, even 'family' funds can be managed. IF a person wanted to switch out, then they could convert to bitcoin ( or USD for that matter ).
I understand that this doesn't address everything that has been brought up here, but I do think it clarifies some points. I will post more later when I've had a bit more time to read over everything. ( the 51% attack is something that has had a great deal of discussion, we implemented KGW as a first step in our strategy ).