RE: Work is no longer a defense against poverty
There are many things wrong with the manna project. You use SHA-256. Any big bitcoin miner can attack your network. You should have just started with the Peercoin proof-of-stake model.
Manna is completely centralized. The Manna foundation controls 99.5% of all coins. No big investor with a brain is going to pump your currency because you can just decide to dump coins onto the market whenever you feel like it.
Crypto is all about decentralization and no one entity controlling the currency. Destroy 9 billion more coins if you want people to take you seriously. You'll still have 1 billion left in a market that is only 43 million strong. No one is going to trust a charity that uses greedy business tactics from square 1.
Clearly, Manna needs an Android app. This will bootstrap people actually using it. Encourage people to use the app to pay for food. Encourage one person in a group of friends to pick up the bill and everyone pays that person in Manna coins. Encourage people to create peer-to-peer networks where you can buy Manna for cash using the phone app (like Dether). You have to figure out ways for people and vendors to actually start using the currency. An app is the obvious first move.
Manna has a first to market advantage, but if you guys don't pick up the pace someone else is going to come along and blow you out of the water.
Thank you for your comment telling us all that is wrong with our project and that we need to get going.
One suggestion: if you are going to be a critic at least get your facts straight. Since you dont even know how many tokens are out there, half of what you wrote doesn't apply. It is hard to destroy 9 billion tokens when they do not exist.
As for the rest, email [email protected] to let him know which suggestion you will be handling. Both positions, the creation of the android application and the encouragement of the use of manna are open.
Thank you for your support.
Your response is another example of the project's unprofessionalism. It doesn't matter how much of an uninformed jackass I am. If you reply with some back-handed sarcastic comment it doesn't look good for you no matter what I said. You're the one with the image to protect, not me.
I like how you say I'm totally wrong about the foundation controlling 10 billion coins but you fail to mention the actual coin distribution. Maybe you should tell https://coinmarketcap.com to get its shit together.
Well, get to it. Show the graphic that proves Manna is decentralized. Do you realize how bad this all looks for you from an investment standpoint?
Your market cap graph looks like a nightmare. I've been doing hundreds of hours of research on cryptos and I have yet to see a graph like this one. Those volatile pump and dumps are a very bad sign. Sure, maybe it's because you have a very low market cap... but looking through the other low market cap coins I still can't find a similar one.
Do you have anything to say about SHA-256? You pay the people guarding the network from attacks peanuts and use the same hashing algorithm as the biggest mining operation of all time. Such a bad idea.
Contrary to your belief. I'm trying to help you. I want your project to succeed. I'm not the only person who looks at Manna and makes these conclusions. You should probably be aware of that, because you obviously aren't if you're going to respond like a petulant child, instead of someone who wants to end world poverty. What would Jesus do? Fix your attitude. I'm not you. I get to be as hypocritical and shitty as I want to and you're supposed to love me anyway.
Don't forget to use my Manna referral link so I get more free coins. Damn I'm awesome.
https://www.mannabase.com/?ref=fbt5zz3bfh
Hi edicted, I wanted to jump in on this thread as well. Thanks for your critique it is greatly appreciated to hear multiple perspectives, it is a big reason how the project has gotten this far to bring hope to millions and hopefully billions of people. The pre-mine of 10 billion is accurate and in the white paper it lays out our plan to burn roughly 7.5 billion, the means of the burn is still tbd but a decision should be made in the near future.
As for the critique on the graph, if you look at the btc/manna its been relatively stable between 50-100 sat. I think there was a silly buy order to spike in usd/manna on southxchange but that was someone not doing due diligence. Manna is still a very illiquid token which we are hopeful to get on larger exchanges in the near future. Btw, you are very blessed you have the bandwidth and resources to exhaust many hours into researching cryptos, there are a lot of great projects out there and also not so great, would love to hear some you suggest we should put on our radar.
As for your comment about Eric that is just rude, he is a great person and our team has sacrificed so much with many who have families for this project. We would appreciate if you edit your comment but if not that is ok too.
Anyway, appreciate your help in any fashion and we look forward to changing the world together.
Talk soon,
Brandon
As for SHA-256, absolutely we plan to get the blockchain upgraded and transitioned off as the resources become available.
There are alt to fix that.
1.Merged mining get the same hasrate as bitcoin but offering bitcoin miners that they can mine Manna the same time as bitcoin. Lower the block reward if need be,
2.Delayed proof of work. Leverage bitcoin power with the mining.
Delayed Proof of Work (DPoW) is a fairly new concept in the world of cryptocurrency mining. DPoW allows any cryptocurrency to be as secure as Bitcoin itself without the need to have a large network of miners protecting it.
Delayed Proof of Work relies on a secondary network of notary nodes in order to provide this improved security mechanism. Notary nodes take the block hashes from a currency’s Blockchain and insert them into the Bitcoin Blockchain by making transactions. At the same time, the information about previous blocks stored on the Bitcoin Blockchain is constantly checked by nodes in order to ensure the the currency’s network.
By stamping the block hashes from “weaker” cryptocurrencies on the Bitcoin Blockchain, these become resistant to previously-open attack vectors where a malicious actor with large amounts of hashing power could disrupt the network by “rewriting” the information on it. By timestamping the block hashes on the Bitcoin Blockchain, they become as immutable as Bitcoin itself and allow the notary nodes to identify the attack attempt.
Although mining on these chains occurs through Proof of Work, it’s done through an on-demand block generation process. Another concept put forward by DPoW developer “Jl777,” on-demand block generation, ensures that blocks are only mined when a transaction needs to be processed. This reduces the computational power sent by miners and the storage requirements for nodes. Polycryptoblog, who works with Jl777, explains:
“On-demand block generation saves energy on its own Blockchain whereas dPoW makes the Bitcoin Blockchain more energy efficient. When a transaction is detected in the mempool the mining process starts. This saves energy on many fronts, CPU cores sit idle when they aren't mining, comparable to proof of stake. This also leads to smaller Blockchain sizes due lack of empty blocks being mined, which leads to less syncing time and saving on space and electricity in the process.”
3.Just go to POS
4.Become a token on a platfrom.
Please disregard this troll thread. I was in quite a mood when I wrote it. It's easy to lash out at things that are "too good to be true".
Water under the bridge for all of us.
We need to work together to uplift the world population. In-fighting among us will only lead to more of the same: a society that favors the few.
Thank you for your contribution.
Here's an example of a professional response I would expect from someone trying to end world poverty:
Seriously, would that have been so fucking difficult? Don't let the trolls get under your skin so easily. You're only feeding us.
Ok apologies to you.
Manna is not 10 billion, that was Grantcoin. That token was issued during the trial we ran for just under two years.
Coinmarketcap is wrong and we mentioned in a post the other day we hope to have that cleared up in a week.
The other stuff was discussed internally to varying degrees.