Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏
by
visdude
on 05/01/2018, 22:45:02 UTC

-snip-

EDIT: What I mean is that I don't care if devs earn 100 000$ or 100 000 000$ with the premined coins as soon as they offer me a quality coin with quality private and easy to use services. Their job deserves to be paid.

-snip-

Such shortsightedness would only bring you a lot of misery investment wise down the pike. I am sure you have heard of the term "whales" who can manipulate markets due to substantial resources. Well, an entity who has control of 10% of the coin supply (9 million coins) is a very humongous whale. All 9 million coins do not have to be cashed out at once to adversely affect the market; it only takes a significant enough amount relative to the market cap at the time to crash it.

Good luck!