Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINE]MineCoin | 100% POW | Scrypt | No ICO | Love for miners and much fun
by
shojayxt
on 28/08/2015, 18:12:21 UTC
Why didn't you mention the 10% premine in the ANN?

Code:
//Premine 10% to support future development and marketing
    if(nHeight == 1)  
    {
        nSubsidy = 8400000 * COIN;
    }

https://github.com/CoinProjects/MineCoin/blob/master/src/main.cpp#L1092

So what? As the code comment says: "Premine 10% to support future development and marketing"

So what?  Are you serious?  This coin is worthless.  You're just hoping to get on an exchange ASAP and dump as much of your 10% premine to anyone foolish enough to buy it.  Everyone's seen this same song and dance plenty of times.  You make a coin that offers nothing, you take a ten percent premine, your main focus is to get on an exchange.  Why is that?  Because you have 10% of the coin that's why.  You're not fooling anyone that has any common sense.

You did not even ask what I would do with the premine. Look at my other coin AMS. It was all burned.

It doesn't matter what you say you would do with it now.  You know very well that you should have disclosed the 10% premine in the ANN.  The reason you didn't is because nobody would have mined this coin had they known there was a 10% premine.  You hold 8400000 coins.