Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏
by
need7
on 06/01/2018, 00:12:10 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!




Newcomers, just read this!


How about you tell us what you know or throw actual statistics? I mean i keep hearing the same thing about cheerleaders but in the same sense arent you just a fudder on the opposite side of the spectrum? See critism is best constructive but if your not doing it to be constructive then your being deconstruction. So let me ask you this what is your vested interest? Give me statistical data or go cry on whatever forum of the coin you actually like that sumo is competing with about how much worse it is and cheerleader there rather then fud. You act like every other coin is whale proof? Whats stopping a whale from purchasing a huge amount of rigs and mining himself to become another whale on any coin? Higher network dificulty and bigger exchanges. What brings more difficulty and bigger exchanges? higher marketcap. I cant take what you say seriously if you cannot provide empirical data to make the proper assessment.