Quote from: iamnotback on February 26, 2017, 10:14:11 PM

Quote from: AusKipper on February 25, 2017, 08:21:17 PM

1 - Allow the development team to (heaven forbid) pre-mine some coins for themselves, they get paid when they make them worth something

I am also coming to the conclusion that is the only way to do it because all other ways appear to be illegal. And that was my original plan in 2014, but was told by everyone that premine was horrible. Yet I've come to realize that every project was premined, even Bitcoin and Monero. There was always some limited number of people who were mining with huge resources at the very start when the difficulty was miniscule.

There is a distinction though.
Take the launch of MAX Coin for example.
It was screamed LOUDLY that it was coming.. and in turn we all piled onto it.
We all had the same advantage to have mining hardware ready to go on launch.
Is it a premine if another guy has more money to buy more mining PC's for the planned launch ?
Saying Bitcoin etc was premined is to me insanity.
I get what your driving at but i am not buying it.

What you are missing is the fact there was no better way to do it.
And the massive intense super ultra mega world changing revolution of the ICO
..is a step in reverse.

NOT INNOVATION.

The retarded logic is that if a mined coin *can* be exploited by a whale on launch then we must abandon the entire concept of mining a coin at launch all together.
If that does not sound retarded to you guys then i bet you are an ICO supporter Cheesy

And lets not forget that Bitcoin was not premined with cash in hand BEFORE the product was released.
The first block reward of value was mined AFTER the coin was launched and the person rewarded was paid so for doing a task.. making the system work / securing the block chain.

I can see some of you really do enjoy the little game of verbal gymnastics Cheesy

I already said who can be trusted.. it's obvious.
And it is not the people holding their hand out for something that will come *later.
Some of you are fucked in the head bad enough that you really do not comprehend others will do something for nothing.

I just finished installing Visual Studio and fixed an error on an Android / Windows program posted on XDA.
The dev left long ago when interest and money / donations dried up i guess..
No one is going to be giving me fuck all for my time & effort.. i did it because i felt like it.

This bullshit has turned into a cesspool of greed and entitlement.. aka: the ICO.
If you do not have the means to launch a coin then leave it someone who can.
ICO shitheads will never get 1 single cent from me.
I do not support Crypto-Pan Handling fer ROI'z.
I support Crypto Currency's (not crypto-schemes for profit)
Either you make it and post it or fuck off ..pretty simple.

I am not purchasing *convincing varied levels of idealism tokens for trading LOL

EDIT:

By the way i donated a while back Bitcoin to an XDA dev too.. panhandling ?
Nope.. he created it FIRST ..then i paid him Bitcoin.
See how that works guys ?