Quote from: Peter78 on March 03, 2016, 12:56:00 PM

Dear LeoCoin Foundation,

Quote from: LEOcoin Foundation on March 03, 2016, 07:53:31 AM

LEOcoin Foundation is convinced that the premine is distributed amongst LEO community members

Good and important point.

But what about the 25 millions of premined coins that are in only three wallets?

Yes. That is an easy one, actually. Let's - by analogy - assume, you have 1000 on the bank and 150 in your pocket. You also have 50 bucks in your trousers, that is from your company, so you can buy a new vacuum cleaner. How much do you own?

That would be 1150, of which you have 150 in your wallet. In total you would possess 200 in cash. The bank would posses your other 1000.

So far the analogy. I cannot see who owns an address or whose LEOcoins are in what wallet, but what I do know, is that having a large number of LEOcoins on three addresses does not mean that they necessarily must have one owner. In fact, one of my relatives has his LEOcoins in my wallet, but he trusts me with them, and I know they are his.

Again, I spreak by analogy, as I cannot speak on behalf of third parties in how they manage their administrative operations, but I assume with LEOcoins similar procedures will be followed as with regular FIAT currency.