Re: [ANN][SIL] 611 (SixEleven) coin | ...::: FREE ANON 611.TO DNS :::...
Let me know if you have any ideas how we can and should adjust the current situation to have a even-handed situation for both parties: the miners and the users.
You should have made this known from the beginning in the OP. By not doing so, it gives the impression that you were trying to hide this fact. Over 50% is a crazy amount of premine - nobody will adopt this coin now, & I have stopped mining it.Having a view on the technical aspects of 611 (SixEleven), it doesn't really matter how many ressources you own or not. Having mined a few SILs can last a lifetime to renew and update your personal name (and id) objects.
This was one of the rare coins that actually had promise, but by not being transparent from the beginning, you have killed your own coin.
Disappointed
Remarkable and also understandable! Disappointed
Fortunately it is not in my hands to kill this altcoin; the heavy burden lies on the shoulds of the majority of users; only together we can agree on changing things to be better tomorrow. Hey it's 611 (SixEleven), it's open source!
Premining blocks have been transparent for discussion since the first announcement of 611 (SixEleven) on bitcointalk: https://bitcointalk.org/index.php?topic=1235629.msg12865151#msg12865151
Following the development history on Github anyone can check in a transparent matter that it took weeks to get this Namecoin fork running smoothly with all needed adaptation, infrastructure and testing. That's why the SIL distribution key suffers disparity.
I can only speak for myself: I'm not owning 50% "of nothing". I also dislike the situation caused by the mining reward adaptions during the early development phase but I know for sure that little is better than nothing.
I like 611 (SixEleven) for the great possibilities offered by the new blockchain to dns interface.
For sure I know that 611 (SixEleven) like Namecoin both are very miner friendly crypto currencies. You can merge mine them with any other Bitcoin sha256 based currency. Taking all factors into account miners can only win mining 611 (SixEleven) together with other sha256 based altcoins.
As ressources are clear: A bird in the hand is worth two in the bush.