Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Gold Cryptocurrency (GOLDC) - The Internet of Gold. Launched!
by
dunedainbob
on 13/08/2017, 15:27:44 UTC
40 GOLDC for the first 4 years (at block 650160)

40*650160 = ?

premine:60000000

LOL,Smart Boy Grin

Wow that's a great catch.  Premine is 5% of total supply, but over 68% of supply over the next 4 years.  Even if you only look at developer reward (11 million, not 6 million, because if you look closely, the developer reward is listed twice in the pre-mine distribution), that's still 30% of supply being developer reward for the next 4 years.

Nice try dude.  I'm all for developer rewards - they deserve to retain a small chunk.  I don't have a view on what's appropriate, but 30% is WAY too much.