Post
Topic
Board Altcoin Discussion
Re: How do people buy from a 170 Million premined coin?
by
Bluestreet
on 03/01/2017, 05:56:00 UTC
Can anyone explain when and why NLG decided to cancel the airdrop and use the 10% premine as dev slushfund? I got into it a bit with their (only?) developer here:
https://bitcointalk.org/index.php?topic=1495990.msg17234710#msg17234710
because he called digibyte a scam, and I pointed out that NLG has a much larger premine. After calling me a troll, his response included this:

...
You are obviously a troll with an agenda, and really I don't need to justify myself to you...
Why is Gulden not a scam?
Well quite simple Gulden does not go around making claims that are not true, we do not intentionally try to deceive anyone, we do not make promises we cannot deliver on, we spend large amounts of time actually maintaining our products all of which are regularly updated. We put out new releases at regular intervals, each one improving on the previous one. We do not put out features that we know can't work just because we want to create hype.
We do not do anything dishonest or fraudulent.
...

What exactly is a 10% premine that is currently (several years after launch) around 40% of available supply that was supposed to be distributed to the Dutch citizenry and is now just for whatever Gulden devs feel like if not a claim that wasn't true, a promise that wasn't delivered on, something dishonest if not fraudulent. Honestly, I don't really give two fucks (maybe one), but it's just ridiculous to see this circle-jerk about technical superiority and advanced features when all that is done is bitcoin updates, a diff adjustment algorithm, and a closed source mobile wallet. Boontje komt om zijn loontje.

Disclaimer - I don't own any DGB or NLG.

I need to find the post on the old announcement page but people were trying to claim multiple times on the airdrop and the devs could see the crypto crowd were trying to game the system. This is what was done on all airdrops. They made a sensible decision to rather use the funds to develop the coin. Anyone that invested in 2014 and 2015 until September 2016 has seen the fruits of this and they will continue to see the wise decision made by the developers.

What I find strange besides your bad math (only around 23% of the current supply is the premine) is that you shitting on a project that is actually delivering but you letting all the real scams off the hook. What is your agenda kid?