So here is my take on Nockchain’s twitter post and I will respond point by point (and this is coming from someone with a lot more hours than money invested in mining):
1st We can confirm open source client works:
Well yes, it does work but not well. Communications led the community to believe that Zorp would be hardware optimized at launch, not that we would need to fix the software at launch.
2nd Regarding proof of work mining:
I think most of us understood that if there are 10,000 machines it was going to be difficult to mine a block…could take months and might never happen so that is not where I take issue…so read on.
3rd Regarding vanishingly small:
Yep, you’re right, but wouldn’t it have been a lot more honest to tell everyone that you spent months creating a better mining algo rhythm than what was publicly available at the release? We expected you to have a hardware advantage, but not a huge software advantage too.
I would describe it this way. Zorp created a roulette wheel where there are 1000 spots on the wheel and the house owns 999 of them. If…by some miracle…the one ‘fan/participant’ spot gets selected, we spin the wheel again and one mining machine gets the reward. That is roughly 1 in a million folks. If everyone not Zorp were to form a pool, we still would have a miniscule chance of sharing a block.
4th They’re glad we came:
Let’s say 1000-2000 people in the orbit of Urbit and following Zorp and nockchain decided to be an early adopter/supporter…maybe average spend of $1500 and 40-60 hours to get to decent running machines. We went in with the knowledge that no hardware requirements were given so that is on us. What isn’t on us is that if 99.9% of the nock is mined by Zorp/insiders, and there is virtually zero reward for supporting this project which is quickly becoming disturbingly centralized.
I personally thought it would be really cool to contribute to a massive super-computer that could be used to solve real world problems with a neat technology. However, I did not anticipate that 2 wallets would own all of the nock.
I think you believe that is by design, but as a seasoned professional I can tell you that it is, in fact a bug. It is a marketing disaster! The people who are most supportive and care just got taken behind the wood shed…as more and more drop out to spend their time on more lucrative opportunities…which by the way would include buying a net and catching butterflies, the network will further centralize into 2 wallets. Maybe this project made the best machine to date and it has so much potential, but if there is no hype and no hope there will be no interest. You can mine all of the nock over the next 100 years by yourself with ZERO adoption and zero interest because you initially treated the people who actually cared like ungrateful children.
I think the big disappointment for me is that I had hope that nock would help facilitate Urbit adoption…but in all likelihood it has just increased the pace of the death spiral. Nock might as well be Trump coin, because having it all in 10 years will be worth absolutely nothing.
There is a chance that I am wrong…but I am in league with a group that was planning on purchasing nock when it became available on exchanges. Now that (let’s round up) 100% is in 2 wallets, we have no interest. Maybe this all gets fixed within a few months and we get back in, but with the arrogance expressed in the twitter post I have no confidence anything will change. Congratulations…you have successfully taken a Fair Launch and turned it into a centralized token. (OK, it has only been a week so that might be a stretch). Something like 30%-50% Zorp/Insider success would’ve been livable, 100% is not.
I’ve said a lot and I will end on this. If you don’t care about the people who are trying to support the project by arrogantly giving them no hope of real participation, you will be left with nothing and if that is acceptable to you then that is what you deserve.