Quote from: hotcoldcoin on July 28, 2013, 10:33:40 AM

Quote from: DeathAndTaxes on July 28, 2013, 01:17:29 AM

BTW at current Bid the valuation of all NUGs in circulation is ~1 BTC. 99% of that is the premine and thus not earned by miners. Quite the "miner's coin".

Seems more like 89% of that is premine. Let's do the math!

Code:

at block 5872:

2,475,478 nuggies outstanding
- 2,200,000 nuggies pre-mined
---------
= 275,478 nuggies oustanding for da minerz

275,478 nuggies oustanding for da minerz
/ 2,475,478 nuggies outstanding
---------
= 0.111... = 11% for da minerz
89% for pre-mined nuggies
---
100% of da nuggies!

The sock puppet master is complaining? Lol.

Give it time. My plan was to release that 1.57 million over 6 months as bounties, I was forced by idiots to give them away, now the same idiots are still complaining. This coin is 2 weeks old, barely, it time.

I have now a genius hardware guy to help me out whom I know an a genius PhD software guy. They're friends but I never take advantage of friends and they both have families and work hard so i have to pay them.

But when I said I will do my best to make this coin the best I was dead serious. It's gonna cost me a few $K to get started but I'm hoping long run it will be worth it.