Post
Topic
Board Altcoin Discussion
Re: Why premined altcoins are considered scam-coin?
by
bathrobehero
on 11/06/2016, 03:08:51 UTC
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. This would be way more fair than let all the monetary base to strongest miners and there are tons of technological way to avoid that developers or greedy people can scam other users using multiple account getting more coins that allowed.

You are completely out of touch with crypto.

Every single free distribution model can be (and is being) exploited and that is a fact. This is why we have a such a difficult and safe way of creating new coins called proof of work.

And as I said earlier, there's no such thing as all coins going to superminers. Every element of the market gets just as much coins as they invest in either electricity and mining time or BTC (buying on exchange).
There's no "few powerful miners controlling all", everyone has a fair chance to buy mining equipment and use it. You're argument is like saying some people have more money to invest so crypto is unfair.
In essence, your superminer argument is short sighted and even childish.

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.

You do realize it's not 2012 anymore, right? CPU mining is long dead.