I do agree though that a network of many smaller nodes with similar scale would be more decentralised.
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Moving to proof of stake when there was a pre mine does seem like a bad idea though. In the POS case you obviously want the tokens to be as widely distributed as possible.
Both have the same issue, the only difference is the velocity but in the end the core issue is still the same in either case: capital controls the network.
If we assume that the Bitcoin mining farms are mining at capacity, and the two biggest ones collude, it is improbable that the next four mining farms will be able to buy and deploy mining rigs in time to increase their hashing power to defend the network. It also depends if they have enough electricity available, if they have enough space in their warehouses and if they have enough capital to have such a sudden expansion of their facilities. How long do you think it would take to raise their hashrate from day 0 of the collusion? I have no idea, but it wonāt be within 24 hours or less.
In fact, if I was an investor and saw the network being taking over, I would cut my losses instead of reinvesting capital to the farm that is begging me to save a dead network.
The fact that in the worst case scenario are two mining farms and the best case scenario is to have four mining farms to collude from complete take over (knocking wood that they have enough cushion), should be raising your neck hairs.
With Proof of Stake, facing similar collusion of whales the velocity to stop them with just capital should be a swifter defense.
Having said that, I am not defending Ethereum, I still think that it is shitty objectively, but in comparison in this scenario it would seem to be the less shitty one.
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That is what NEM attempted to do when they only allowed bitcointalk members to buy maximum of 2 nemstakes per user. It was the most equitable initial distribution in history, I believe.
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Ethereum CANāT defend against a 51% attack because there is only 49% left of the tokens. The only way this can be defended if there are excess tokens that are not yet staked.
I agree, BTC could be slower, but that also depends if there is ready to deploy mining capabilities. With the use case potentially being a regulator of the grid by ramping down and up depending on load, this could mean there are plenty of excess mining power that could come on line of it was needed. Thatās obviously not the case now, but it could be in the future. But there seems more possibilities for defending than Eth.
I agree there are concerns though.
If NEM is so great why hasnāt it taken off?
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If maid is so great why didnāt take off?
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NEM has launched hasnāt it?
My rhetorical question was illustrating the non-sequitur of your question.
I only described that NEM had a fair distribution of their initial coins, but I never said it was āgreatā.
But, if you are curious, in fact quite popular in the beginning, it was around 2014 and for a while it was frequently in the top 10 in CMC for the next few years. At its peak, it got 18K% twice (almost like Maid, in fact) The project showed genuine innovations, until the project got mismanaged.
So it is another cautionary tale, no matter how good a product is technically if there is bad timing, no professional marketing, and no serious business outreach, it will implode.
Right now NEM and XYM is reduced to a skeleton crew of programmers only and their only demand is from programmers in Japan.
Apparently they are still developing both NEM and XYM (Symbol), so it is not dead-dead.
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Whatās the sentiment on Bitfinex at the moment?
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Bitfinex has at least one employee that is a long-term supporter of this project, if that matters.
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This twitter account regarding Bitfinex and Tether sums it up. Very popular exchange if they are not front running and wash trading on their exchange. Might be fraudulent but US SEC have a hard time so far reaching the jurisdiction they are in. If an attorney can reach Tether and Bitfinex then all of the crypto market might go up in smokes because it might be very much empty air, a few people printing billions in their garage without collateral. But until then it is probably fine and ok if can except above risks.
Would never trust or have funds on that exchange but maybe get in and out quick once in a while, if there were no other more trustworthy options.
They seem to be a trustworthy exchange. Not the greatest place to trade size as itās not as smooth as some of the others, a bit clunky and laggy, but would be an excellent place to list if it was possible.
I know they have been quite apprehensive to list MAID in the past though, citing a small community and low trading volumes as the reason.
I wouldnāt be too bothered about the accusations from the bitfinexed Twitter account, either. That account has been saying the same things about Tether and Bitfinex since 2017 at least, and nothing ever happens. Not saying it never will of course, but the probabilities of Bitfinex and Tether being insolvent are extremely low, and if it did end up being the case regarding Tether, then it wouldnāt matter what exchange the token was listed on as the whole industry would go up in smoke.
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Whens time to go all in? 
itās getting closer
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The US Gov. just raised the debt ceiling. This will cause $1 trillion to be sucked out of the market over the next few months. This probably will result in lower prices short term for crypto. Once something breaks in the US economy they will dump rates and start QE. Crypto is highly correlated to Liquidity especially global liquidity.
We should see lower prices for bit and when the Fed starts QE again crypto will respond.
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Seems thereās very little liquidity for MAID / eMAID just now on exchanges, which makes it hard to buy or sell anything except very small volumes.
If anyone wants to sell 180k MAID at around $0.20 let me know 
Seems like as soon as demand builds for any reason (e.g. hype around successful test nets), the price is going to rapidly climb!
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Good luck with that 
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If you manage to get 180k, feel free to tip me 10k, just for the fun of it. 
Iāam cheering for you.
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If you donāt askā¦ 
I thought Iād put it out there in case anyone wants to sell at market price (or a little above) but canāt due to low liquidity, as I want to do the opposite.
Market selling a fairly small volume would dump the price just as buying a fairly small volume would pump it, so OTC is the best bet.
I guess most who are following here will be unlikely to sell given the momentum with the project, but no harm in asking
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Hell yes, if you dont ask, you wont get.
Still think youāre on to plums thoughā¦
To my amazement and severe disappointment, there is no plums emoji ā¦
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You just unlocked āBoss Level: Diamond Handsā!