Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
by
stoffu
on 16/09/2017, 04:13:05 UTC
1. We don't want to talk any more about premine, almost all were locked as most of you already knew. Devs have very little on hand and keep holding them atm and we can do anything further about that.

This creates further doubt about their true intent. You don't want to talk about your premine, because that's the most shady and ugly essence of Sumokoin. Premine is never justified, and your desire to distract people's attention from it just confirms my doubt.

People, please remember that premine is completely different from the usual donation-based funding model used in other legitimate currencies like Bitcoin and Monero. Donations are collected from the free will of the community members in agreement of who controls the fund and for what purpose to use it. With premine, an unfair financial advantage for the developers is baked into the protocol, putting them in a privileged and powerful position. This is practically the same as the dev tax employed in Zcash, which is run by a for-profit company. Is Sumokoin an FOSS project, or a scam for profit? I believe the latter is the case.

Thanks to the premined coins being still locked, there's a way to eliminate this accusation: do a hard fork that bans the use of those premine outputs as inputs. Then Sumokoin can become a legitimate currency. Otherwise, I keep calling you as scammers.

3. Bill and Vu will post easy miner code to Github in a couple of days.

OK, "in a couple of days" does that mean 2 days? A week? A month? Or more? You keep damaging your credibility by delaying the release of the source code. The best action for you to do now is to immediately retract the release by deleting the download link. If you don't, again, you're indistinguishable from a scammer.