Quote from: NoobKidOnTheBlock on January 10, 2015, 09:17:41 PM

But what you are not understanding is that you are taking 3 million coins in the premine and expecting people to use an expensive algo to mine at 50 coins per block which means that it would take a solo miner 6000 blocks solo mining just to have the same amount of coins as the premine. Which means that using a pool like the majority of people will be doing if they decided to mine this coin would take them twice as much time and for the amount of time that it's going to take for this coin at that reward rate gives you guys more than enough time to get the coin launched on an exchange (Which I will guarantee you will happen) and possibly dump the premine and then make off with people's BTC. Are you going to make the premine address available to the public? Will you account for any coins that go missing from the premine address to the community ie 1000 coins taken from premine at this time on this date for this reason so the community can check and make sure that everything is in order? Or can you make a 100% guarantee that you will not launch your coin on an exchange till at least 10 million of the 30 million coins are mined? I just think if you want to build a community and you are honest about your intentions for your coin that you would be willing to make some considerations to the community that you want backing your coin so they feel safe about investing in this coin. Don't get me wrong I do believe that you guys are making a move in the right market right now because so many people use e-cigs nowadays and have decided to quit smoking but you also have to understand that if you are going to instamine 3 million coins before people are allowed to start mining the coins at 50 coins per block you need to give these people a reason to feel confident and safe mining and investing in your guys coin. Anyways I'm not calling you guys scammers or anything I'm just giving feedback on what I would do if I was launching a legit altcoin with the honest and best intentions...... especially if I had a 10% premine from the coin

Cheers

Noob, I really do understand Undecided

I was just explaining our reasoning for some of the concerns you had. As Matt has stated, the launch is the 27th so we can collaborate and work out the best possible coin for our plans. It is appreciated when the community takes time to provide feedback, providing it is constructive and helpful. We completely understand the issues you present, as miners ourselves (this perspective is outlined in the whitepaper.) Looking forward to having a team meeting and seeing what we can hash out. Thanks for taking the time to respond and share your perspective