Just woke up to see 30 pages of replies to this coin.All I can say is
What will it not be? No pre-mining, no insta-mining
What will it not be? No pre-mining, no insta-mining
What will it not be? No pre-mining, no insta-mining
Ha, yeah right.
What was pre-mined? What was insta-mined? Before you accuse people of things, why not do the research. This was released with 1 block in the chain. Don't cry because you didn't get anything.
Insta-mine means the difficulty was low at launch, which even you, as delluded as you might be, can't deny.
The difficulty is ALWAYS low at launch. Name one scrypt based coin released without the same difficulty. Not sure, but who about the blocks that were mined by someone with more hashpower than your or I? What could they have made a few thousand NIB's? The way this currency was released equalized < 0 and 1 difficulty through a stepped gradual ramp of of the reward. What do you think Worldcoin started out with? or Litecoin? or Feathercoin? Same difficulty and a huge amount of insta-mining.
Its block 10,890 now. Worldcoin gave out 348,480 coins, litecoin gave out 544,500, and feathercoin 2,178,000. This coin gave out 88,444 so far. And those coins will never be fully mined so the number of coins is irrelevant.
Epic fail on your part.