Quote from: BitCoinDerivative on February 11, 2015, 06:46:49 PM

New website again says no premine.

If I am misunderstanding something then please explain it to me.

The first 900 or so coins went to one address. The announcement was about one hour after the first coin was mined. If that is not a premine then just explain to me how it is not a premine.

The Dev has spent hundreds of hours or more on the coin. He needs to make some money, I understand that. But if the coin is marketed this way at any moment a person could notice the first 900 coins and post exactly what I am posting.

Is the point here to trick people into buying the coins then they dump them at a lower price when they see the premine?

Please explain anything I might be portraying wrong.

This is where all those coins are now. Whoever had the first 900 coins also has over 15,000 of them here. I tracked them to this address.

http://abe.alfter.us/address/gcanXbNNvzQfFcFpiq5WD6d3Aa451ekdh1

So basically half of the total money supply is at that one address and is where those first 900 coins were moved.