Post
Topic
Board Altcoin Discussion
Re: Dash on the rise again
by
mindrust
on 11/03/2017, 18:37:48 UTC
From what I can tell the creator holds like 45% of the coin!(?)

How is that possible? Is it true? I don't think anyone would be interested in a coin in which the creator held half. How could it be used as a legitimate currency?

We use dollars 90% of which are owned by a small group of people...

That was not due to initial distribution, it was the combined result of a capitalistic system, large disparities in skill/education, economic incentives to the wealthy, and centuries of time.

Quote
They are simply printing money out of thin air.

The supply of cryptocurrencies like BTC and ethereum are tightly controlled, and cannot be changed unless 51% of miners agree. Does dash work differently?

Tbh, I don't know if that's the case with bitcoin and eth, but (Eth is most likely, since its an altcoin) i have read that dash devs hold many premined dash in their hands. That must be a handy thing for market manipulations.