Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
by
CryptoClub
on 10/09/2015, 21:34:22 UTC
The fact that the development team compares this coin and it's massive premine to Ethereum and somehow thinks that people are going to swallow 11 million coin premine based on 'It's just like Ethereum they also premined' (But without the team, vision, 20k BTC ICO and corporate projects) is a joke. What part of 11 MILLION premine killing the coin don't you get? No one cares if it's 'community owned', it's 100% unnecessary, and the 'But we all work full time on this' is just laughable as an excuse for giving yourself free money.

With the 4x longer block time than Ether, and literally NO word on what makes this coin 'better for your purposes' than Ether a Premine over 100k is a complete no-go for most people. Look at what happened to Shift (the first Ether copy-paste) and block-times, price and premine. Yeah, it's pretty much dead already because there is NO profit to be made from mining with 250k coins hanging in the air and price tanking.

TLDR: 'Fairly distributed' , 11 million coin premine. ROTFL!

I have to agree with this, and I could be wrong but I don't think Shift's 250k premine has had that much of an effect on the market. Without a block explorer that can show info on accounts it's hard to tell.

Some ideas like waiting 3 months for any payment sound nice if you don't think about it, but that also means we would have less incentive to be competitive until 3 months later. (no incentive actually) Which means it is a terrible idea. We will be revealing more in the future and the first months are critical.

We are quite experienced in cryptos, and whatever FUD people might want to use to trick people into not mining or buying it, just be aware they have their own agendas. Make your own choices and do your own research, but people are wasting time if they think we will change the project as they would design it. If they want to change it later, that option is available by holding Expanse and voting, or proving they have the talent to join the Advisor Board.

I don't really want to compare projects or FUD other efforts, but there is a critical flaw for those not having enough funding for development for any long term project. If people don't understand that, that is ok, I can assure you we have a lot of experience with this and the plan is solid for the long term. Once again, just wait if you have doubts or fears, you should be able to mine or buy it in the future just fine and have lots more data to go on.