Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CPU mining] Yenten [YTN] [Exchange avilable BTC/YTN]
by
andronikos
on 03/11/2017, 13:38:26 UTC
No premine is really interesting. Following your project  Wink

Honestly, I don't see how "no premine" is great... So, dev create the coin for free, list to exchanger and pay the fee for all miners? Then I will see no future of the coin... I don't mean Yenten here, but I hope dev have some methods to earn the coins, or else who want to develop a coin for others...

I don't think that you understand how decentralized cryptocurrency works.  As soon as you release it, you no longer have control over it. You can't just develop it unless you maintain over a 51% stake so you can fork it at will.  As soon as it is released it is out of your hands.  That's why bounties exist for development.  Anyone with a premine is a fraud as they can't guarantee any development besides superficial things like marketing.

If you want a centralized coin that is controlled by the company that makes it and they distribute the coins how they see fit, then that is a whole separate thing.  It is called a centralized digital currency.
Correct. This is the reason I like this coin.