No matter how many times you repeat it, it's still a big lie. That tree is false, it's obvious
The 500k wallets not exchange wallets, they are obfusicated change addresses and also storage addresses.
These change and storage wallets were manipulated into 500k size transactions to break apart the intial pre-mine in a distributed fashion that Thai Doan thought nobody would see. This guy seriously doesnt know crypto. He paid user loljosh to create the coin with the pre-mine and then self distributed using the wallet that was created for him.
Thai doan was capable of setting up a bitcoin GPU mining terminal and updating node addresses to get things started, but thats all he knew.All the other code and initial genesis formation was created by loljosh. Thai Doan did not fully understand blockchains were pseudonymous and not fully anonymous. He targeted himself with the distribution of a LARGE pre-mine with chain of dump addresses thinking nobody would attached these actions to the person who launched the coin....
keep in mind, he told everyone in this very post.
https://bitcointalk.org/index.php?topic=661885.msg8202281#msg8202281No problem guys and thanks, CannabisCoin released on 4/20/14 as SCRYPT Alg. It was mined about 21.8mil up until we decided to drop SCRYPT and go X11 Alg with KGW. We did a hard fork and premined 1st block on X11 to do the buyback program of mined coins from old to new X11 algo, This was all paid to the miners manually as agreed. Noone wanted to lose their coins.
Scrypt version STOPPED @ 52080
Total coins = 21873600 mined
approx. 21882000 - was paid out.
~DeltaNine
you can see the absolute denial and lies from thai doan in this post that are well documented.
https://bitcointalk.org/index.php?topic=829975.0