Quote from: J_A_Bankster on October 16, 2017, 12:25:48 PM

Quote from: zcoinofficial on October 13, 2017, 03:06:23 AM

Quote from: bravetheheat on October 12, 2017, 09:41:53 PM

There will be 21 million Zcoins. Zcoin follows the same halving cycle as Bitcoin (every 4 years). 10% of the total Zcoin supply will be distributed to the Founders Reward as time passes. In the first 4 years, 20% of Zcoins will be distributed to the Founders Reward. In other words, during the first 4 years, 40 Zcoins will go to the miners and 10 Zcoins will go towards the Founders reward. After the first 4 years, the block reward goes completely towards the miners.

If I mine this coin, the 20% coin will go to founder's account, this just like a scam.

A scam is one that is cheating people into something that it is not.

We have been very clear with our source of funds as always mentioned in our FAQs.

Zcash follows the same reward mechanism. 20% of the coin in the first 4 years is equivalent to 10% of total eventual supply. https://z.cash/blog/funding.html

To begin Zcoin, we needed investor funding and we found people who believed in our project who were willing to fund us when Zcoin was just some proof of concept code. They are now reaping the rewards as 'founders'. Poramin holds one of the founder's wallet and another wallet is dedicated to funding the project including the team's salary and marketing efforts. This to me is nothing wrong with it. You can even inspect the code to see how the funds are distributed. There are 3 investor wallets, 1 Poramin wallet and 1 team bounty wallet.

In this way we don't have to worry about 'instamine' or manipulation techniques and just focus on developing the project the best we can.

Zcoin devs are blinded by their own good will to realise how bad this all looks on the outside... Firstly, stop appealing to zcash authority for everything you do... The Zcash Instamine was a bad thing..so dont look for justification doing it yourself... stop the scam and stop rewarding yourself so much, and stop being a self fulfilling prophecy into being Zcash's eternal sidekick.... this way zcoin will never amount to anything..

Secondly, You have LOST YOUR RIGHT (in a moral sense) to a devs instamine procedure after you allowed a hacker to STEAL THOUSANDS of tokens...

Please Devs its time you take some responsibilities and stop hiding behind the many excuses you have to keep funding yourself 20% of all tokens for free... this is becoming a scam indeed... For having the ''best'' tech Zcoin is almost objectively the worst performing coin on the market... Now thats on you, so will you take responsibility at all?

I want that what you are taking Cheesy

seems like a crazy trip