Quote from: Indemnified on April 24, 2016, 11:55:43 PM

Quote from: traumschiff on April 24, 2016, 11:39:27 PM

Quote from: smooth on April 24, 2016, 11:33:39 PM

Quote from: traumschiff on April 24, 2016, 11:15:29 PM

Quote from: smooth on April 24, 2016, 03:34:33 PM

Quote from: jwinterm on April 24, 2016, 03:31:27 PM

Quote from: seedtrue on April 24, 2016, 03:08:52 PM

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Everyone had a fair chance to mine this. Just because a lot of people could not figure out how to do it, does not mean they could not have with a little work. All it took was reading the thread.

Didn't the dev(s) basically admit that the whole reason they relaunched was because they were unsuccessful in instamining to the degree that they intended to avoid an IPO (for legal reasons)?

No, they did not admit that, though it was alleged.

You are starting to lose your credibility here smooth. Everything was managed so most people can not mine from the early high reward blocks, most coins were instamined by the developers with no proper instructions on how to mine, without a windows wallets oh and POW is over aswell (1 block out of 21 is literally nothing). Staking favors the early bigger holders aswell. Feels like you are supporting the new DASH.

I never disagreed that it was managed to achieve the outcome they wanted (controlling most of the coins). I simply took issue with the specific claim they admitted relaunching for that reason. I never saw such an admission.

Quote

Oh.... wait, now that you are a big holder here it's suddenly ok. I'm happy you show your true colors, RIP altcoin police.

Hold on there, I never said it was 'okay', but the reality is that I solved the puzzle they presented and got some coins for doing so. I don't see how was my problem how the devs decided to launch their coin as a puzzle, or that some other people didn't solve it. I never said it was fair either, and, no, I don't like the 'NO PREMINE, NO INSTAMINE' stuff in the header. I already said it should be replaced with 'NO FAIRNESS'.

I appreciate your wording, though, stating that I am "starting" to lose my credibility. Thank you for the endorsement. It'd be a while before my credibility is much affected by having mined a coin and correcting the facts on what the devs admitted or didn't admit.

You are clearly supporting a project where the devs control 80% of the supply with using certain unfair methods and their holding is the biggest staking holding aswell. Not sure how you have to face to support this after all the altcoin police level shit you pulled of in certain threads, specially DASH's.

Nothing you bullshit will help you out on this.

Traditionally when entrepreneurs start a new venture, they initially own 100% of the equity, not 80%, and then they sell off portions of this equity to fund development of their vision. The devs behind STEEM have been up front about what they are doing and have said that their stake will go down to 20% as they do giveaways to attract users and development.

The fact that STEEM developers have hit upon "mining" as a way to legally acquire development funds for their venture seems to offend the purists - AS THEY KNEW IT WOULD. The rest of us can surely look beyond this to what they are setting out to accomplish. Mining is a tool, not a sacred right.

[ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)

Enough said.