Post
Topic
Board Altcoin Discussion
Re: Unveiling the truth over the major Monero scam
by
AndreaF
on 09/03/2017, 10:18:48 UTC
LOL Monero promoters arrived to flooding this thread with wall of text of nothing.

A group of people (Monero trolls) have copied a good cryptocurrency(Bytecoin)

Technically, bytecoin was a good cryptocurrency, but with the "backward time machine" story to explain a 80% premine, that's even worse than DASH.  That's not sustainable as a monetary belief system.


First of all isn't proven that the developer premined before release, seems more a not properly distributed initial supply. Anyway even considering that developers have premined I would have agree with you if is proven that approach used by other coins assure most fair distribution. Unfortunately isn't the mined amount that decide this but how a common user can get a proportional percentage of the supply. Since the mining network can easily grab the most of supply forcing you to buy from them if you want some coin. Bytecoin was always easily mineable even from an home user with a notebook, was distributed for free in very large amount with faucets. Monero? If you want to get a decent amount of units you have to pay much money to big mining clusters most of them controlled by founders of the coin that have the most of the emission totally in their hands. How is supposed to be more fair this?