Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAG] X11 POS/POW+Masternodes MAGNET / magnetwork.io
by
idev
on 26/11/2017, 09:58:57 UTC
OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.

too bad, liked the ANN at first..
same, out

Any comment from dev?


Yes of course. There is a long explanation about this subject on page [8] of this ANN thread.

If You want the long story short - in the hurry we accidentally had words No Premine in ANN info.
There was a 9 day period of testing the mainnet before going public and 20 MNs set up to secure the network so people got mad about the No Premine part.
This got out of hand a bit with accusations of HUGE premine / scam etc.

On the page [8] i explain in detail how that the huge premine was actually 0.625% of the total coins and it is mostly being used for sustaining the network.


You are a scammer my friend. Oh, the word scammer was accidentally put here. I meant you are a nice person that will get rich because of idiots. Sorry, scratch rich and idiots. I mean yeah


You need to read the explanation on page [8]. Mistakes can happen when people are working on the pace we did.
I see from Your post that You probably have no idea how to create a network from the scratch and how much work/planning is involved.

At this moment we do not claim to be No Premine coin.
Everything we did is being openly discussed why and there is even a list of things on the page [8] explanation, which explains where and how the premined coins will be used.

If You do not grasp the logic behind the developers-getting-paid-for-their-work mechanic then there will be so many more lessons to learn on Your journey, my friend.
Something to think about - maybe the devs are already doing okay because.. programming kind of is one of the high paying jobs on the planet?
To trick Yourself into thinking that everybody out there is only going for the quick buck can be very limiting on You view of Life.
Lot of opportunities can be missed with a closed mind like that.

It is very easy to stroll around a forum and just write whatever comes to Your head without investigating into the topic. I took the time to answer You despite the aggressive and hostile undertones of Your post and i did it in the hopes of maybe You can grant me one thing in return - please try to post relevant researched info in our thread, in a calm and polite way so we can discuss instead of wasting time.

Thank You!