If I remember correctly the premine was originally supposed to be for distributing directly to the Dutch people, as it was launched amidst a sea other country shitcoins, with auroracoin being the most spectacular success/failure. Then at some point the dev(s) decided they would just cancel the airdrop and use the funds for "development". Now you're just running on pure trust that they won't change their mind(s) again and decide to use it just to line their pockets at some point. That's nice they have some get togethers with like 20 people, maybe they provide coffee and cookies, and it's nice that you trust them not to dump the premine, but I don't think it's unreasonable for people to not trust the dev(s) not to dump 50% of the available supply of what is nominally supposed to be a decentralized currency. Afaik there's no laws or regulations preventing it, it's just based completely on trust in what is supposed to be a trustless system.
Thank you! It seems that giving my opinion on the question asked is under attack of Guldencoin hypers so obvious the thread is only used to advertise and not respectfull concidderation. I think a warning was in place. A large part of the cryptocommunity does not accept a premine at all or just very minimal like 1% or 2%. Then 50% or even 100% premine is totally out of control, we all know where money from premined coins go. I would even start to think if such project is a legal thing to run in the Netherlands. It would be a good question for the Guldencoin devs if they know if it's allowed to start your own cryptocurrency and give yourself 50% control of it. I don't even think that law has developed enough yet so as long as these things can fly under the radar it is probably not a problem. I think the legal part is a legit thing to concidder when making investment and risk assessment.
Don't be shy to say it. No one cares!
BTCat: " I sure hope those Gulden cunts fail. I am so fucked off that this Premine BS is doing well. What the hell man fuck, fuck , fuck, fuck!!!!!"