Re: [ANN] Zcoin - The Zerocoin cryptocurrency, guaranteeing financial privacy

... thats 20% premine boys.

Fail.

A premine is, by definition, mined first, or at the beginning.

Ongoing mine. Corporate subsidy. Ver tax. Whatever you want to call it it's high af, and don't understand how devs think they can make something that will be actually used as a currency when they are siphoning off 20% of the entire money supply.

It's only 10% of the supply. Dev subsidy disappears on halving. And it's split 5 ways... In to 5 addresses. 2 for each dev (you do realize this is their full time job...), 2 for each of the three investors, one of which is Ver.

You guys make me sick. Go do some shit to make me money off your hard work and get paid nothing while I sit here and collect. Unbelievable.

Poor guy, maybe you should take some Peptobismal or something. 10% is still a fuckton. Besides the fact that PoW algo wasn't announced ahead of time so they probably launched with a private GPU miner and now control a much greater amount than 20% of the actual existing currency supply. Now they're DDoSing pools to get even more coins with private GPU miner Tongue

. I'm not making any money off of this because I wouldn't touch it or anything Ver is backing with a 33.5' pole, I'm just commenting that I think 10% is a ridiculous amount to be scooped off the top of what is nominally a currency. I don't doubt that someone will relaunch though and zcoin will become what tenebrix is to litecoin. If you don't like critics and trolls, then what are you doing on shitcointalk?

I agree

Maybe I should go criticize Nyan.