Post
Topic
Board Altcoin Discussion
Re: Mandatory Update to Nuggets (NUGs) 1.0.1! Get your VGB - Vlad Golden Blocks
by
Vlad2Vlad
on 28/07/2013, 22:24:44 UTC

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.