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 ?
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 ?
No.
Saying Bitcoin etc was premined is to me insanity.
I get what your driving at but i am not buying it.
I get what your driving at but i am not buying it.
But Bitcoin didn't have everyone trying to pile in to mine it. It only had Satoshi who was seriously mining it. Because only he knew the masterplan and its importance. So when a developer takes a premine, he is essentially doing the same as Satoshi.
I understand you are making the distinction that anyone could have mined Bitcoin at the start. And with a premine no one could. But I can retort you on that. Anyone at the start of premine could have created their own altcoin instead. And they could fork it and mine it.
Gotcha.
What you are missing is the fact there was no better way to do it.
Wanna bet?
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
If that does not sound retarded to you guys then i bet you are an ICO supporter
I didn't propose an ICO. Please don't conflate.
Some of you are fucked in the head bad enough that you really do not comprehend others will do something for nothing.
But it doesn't logically follow that everyone MUST also work for free ALWAYS.
I just finished installing Visual Studio and fixed an error on an Android / Windows program posted on XDA.
So make a blockchain by yourself then from scratch. Launch it. Etc..
The amount of work you are doing for that toy hobby doesn't compare.