470 karma · joined January 31, 2012
The real fun is the whitepaper (some of my better work): https://ponzico.win/ponzico.pdf
But yeah, PonzICOs are turtles all the way down.
I think that was the moment I realized I made a $100,000 mistake.
20% for the next 4 years goes to the "founders" (which is not just the developers, but investors as well). But much like Bitcoin the total monetary base is fixed at 21,000,000 ZEC. And also like Bitcoin, the total mining reward is halved (roughly) every 4 years, and consequently decreases exponentially until it reaches that total reward.
Effectively, this means that the Zcash Founders Reward doles out 10% of the currency to the investors/early development team over the lifetime of the currency, and in many ways mirrors a startup vesting cycle of 4 years (minus the one year cliff). Their blog goes into more detail about the reward here: https://z.cash/blog/continued-funding-and-transparency.html
Personally, I think this reward distribution is a significant improvement to the "premine/ICO" antics you see in many other cryptocurrencies/tokens, even if I think it's a little high. I applaud the team for trying something new/seemingly more fair.
(Also, not affiliated with the team, just a cryptocurrency nut: http://keybase.io/cin)
[1]https://www.youtube.com/watch?v=ZkwrIZQDt50 [2]
[2]Unrelated fun fact, that's pretty much how I code.
- Version numbers are now little-endian
Anyway, TL;DR: there are always ways to combine software with other skills. The hard part is finding the role that incorporates all of them (whether you invent it as a founder or join someone else).
It's vaguely reminiscent of Google/Apple's friendly status up until 2007, when it quickly deteriorated to "frenemy" then "direct competitor in nearly every market."
I also find his Chronicles of Amber to be an interesting take on Universe building, although the magic system is less formulated (but damn is the whole Pattern/Chaos thing cool).
All of which to say: if you haven't read Zelazny you should, he's a wonderful writer.
In terms of terminal use, I thought a chroot would be a little heavy handed and I didn't want to get rid of Google's verified boot, so I bootstrapped Linuxbrew and gcc using this guide: https://github.com/Homebrew/linuxbrew/wiki/Chromebook-Instal...
Given that I use vim + bash + go + ruby / python + js + tmux...well, everything seems to work. And it's easily the fastest web browser I've ever used. I tried installing Gentoo Prefix but couldn't get it up and running...think that would be better than Linuxbrew, but for now this seems to suffice. If I run into any roadblocks I'll probably wind up doing the whole crouton/chroot thing, but for now I'm a happy camper.