Quote from: Praxis on May 14, 2013, 03:53:53 PM

Quote from: drlukacs on May 14, 2013, 03:49:11 PM

Quote from: 0150r on May 14, 2013, 04:02:34 AM

So, the only way Boxman90 could have committed a crime would be if NWO committed a crime. Pre-mining a digital currency isn't a crime, so this does not apply.

1. Pre-mining, in and on its own is not. Representing to people that it was not pre-mined and causing financial losses or disadvantages is a crime, possibly a fraud.

2. Extortion, whatever form it takes, is a crime. For example, one can threaten to publish embarrassing photos about a person if the person does not pay. It is clearly extortion and it is clearly a crime.

This. Except NWO never promised there would be 0 premine. He always said there would be a very small premine to pay the programmer and to give some for free (bounties and giveaway). I thought that was pretty upfront and honest. I don't see the big problem, 50k coins is a drop in the Ocean compared to all the other premines (including the Litecoin one - some were GPU mining it from the get go ...) -

Extortion though, is a crime and is illegal and immoral. The only bad person here is Boxman90 who wanted to extort for 25.000 Powercoins.

I did not accuse NWO of anything. All I said is that if NWO pre-mined and denying having done so to the public, then it would be a crime.