Post
Topic
Board Alt Coins (India)
Re: Trestor Foundation
by
polynesia
on 22/05/2015, 00:42:07 UTC
There is a fixed number of coins which in the beginning are controlled by the Foundation. This is similar to Ripple, but note the following differences:

- Trestor Foundation is a non-profit, there are no stock holders who personally own these coins.
- As the coins are more and more distributed, the Foundation's control will go down.

This argument doesn't wash, since
- You could have just transferred some on the initial coins to your associates, who will profit a great deal, even if the Foundation is non-profit
- Since the number of total coins is not disclosed, nothing prevents the Foundation from increasing the number and short-changing people who got in early.