It's quite normal for non-crypto startups.

Yes, we self-funded through main net completion.

This is correct. Also, founders such as myself invested capital. We actually spent money to build the blockchain and our company.

🙏🏻 All credit to my amazing technical cofounders. This is all way over my head! 😂

You’re absolutely right. It’s a good start, not a cure. It’s a “mitigation” which is a word I really like. We rarely say we’ve solved a problem, just that we’ve “mitigated” it which basically means “reduced

Great addition. Thanks!

Thanks for digging into how Koinos works. Miners produce blocks in exchange for inflation. Miners burn KOIN in exchange for VHP 1:1. How much they earn is based on how much VHP they have, but as they receive

It is true that the development of Koinos main net was entirely self-funded.

You nailed our reasons for building our own blockchain and blockchain framework from scratch. We actually would have much preferred to build on an existing framework instead of building our own (most don't

I did not run a curation service that promised to spread rewards. Perhaps you are confusing me with someone else? The whole point of this article is to explain why Koinos isn't a competitor to Hive. So

Thanks for reading and for the thoughtful comment!

Koinos is a free-to-use general purpose blockchain. Yes, Hive doesn't have fees, but it's not free-to-use and most importantly, it's not a smart contracts platform. To learn more about the important difference

Wrote a whole post for you!

Yup. Mana is an evolution of the RC system that underpins Hive which was written by Michael (one of the architects of Koinos). The main difference is that you don't have to stake in order to use the blockchain

Yes, such changes would be trivial on Koinos. In fact, there would be no need to even discuss them, any developer could just code up the behavior in a smart contract and deploy it to the chain.

Everyone does not have the same mana. 1 KOIN has 1 Mana. So if you have 100 KOIN, you have 100 Mana.

Yup! As long as you have the private key and the recovery phrase for that account, you're good.

If after the snapshot the ERC20 tokens have any value, then there is no risk in selling them. I don't expect them to have any value because they have no utility.

It will be very easy for mainnet, a little more technical for testnet. But in both cases there should be good "how tos"

Thanks buddy! Good to "see" you!!!