Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ** NEW SITE bitgem.pw ** BTG BitGem 0.4.9.ALPHA1 | COLORED COINS | FAUCET
by
alt19
on 31/10/2015, 09:27:00 UTC

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.

900 BTG's net worth currently is $100...
15,000 BTG < $2,000

if this address belongs to a dev maybe he had been mining (or buying) these coins for years...
it's a good sign if a dev holds his own coin (if he is not sellling it like many first adopters of centralized overpriced projects do)

usually people tell that a coin is a scam when devs dump all their coins at the beginning and disappear
on the other hand since a coin has been created it belongs to the whole community even if its original dev was not honest

so not a scam, but pretty centralized?
or maybe this big address is an address of Cryptsy cold storage?