Quote from: gustav on June 10, 2016, 11:36:20 PM

Quote from: AndreaF on June 10, 2016, 10:36:14 PM

If I start to annunce the currency as public and put all these premined coins in a reserve wallet that cannot be used by me but is used by a service where each user can get freely a fixed amount of these coins.

It's not a fair distribution because there will be people claiming coins more than once. Basically the one figuring out how to successfully multi-claim is coming out on top. Also since you, who launched the coin will have made the claiming-mechanism you can cheat it too.

It's just a whacky game too.

I still prefer buying from a miner where i have blockchain evidence when and how the coin was created with what difficulty and how hashrate is distributed and so on Wink

Pow distribution is superior in transparency.

As I have said there are tons of way to prevent same people claims coins more times using the blockchain, way more ways than you have to avoid few powerfull rich people grab the biggest slice of monetary base with unruled mining.

Quote from: reRaise on June 10, 2016, 11:05:02 PM

if u knew how many pow coins are scams, only the tehcnology matters. some miners are pissed they cant instamine with botnets anymore thats all.

The mining of all cryptocurrencies that I know depends on Hashpower. And all normal people cannot mine with the same hashpower of the people that has large serverfarm that can fire TeraHash of power as soon as an altcoin became a bit popular creating an unfair marked where few people grab the largest slice of monetary base.... basically the same problem of coins created by unfair developers with the only difference that in a case developers and their friends grab the largest slice, in another case big companies and rich people with the access to ultra strong computational power grab the biggest slice.

This is an huge problem that needs attention by the community that unfortunately seems completely ignored.