Quote from: krasnyoktyabr on August 08, 2013, 10:06:27 PM

Quote from: MicroGuy on August 08, 2013, 05:05:38 PM

You got your wish, yet you continue to perpetuate this "association" with your accusations and false claims. Wouldn't your time be more productively spent working on the advancement of Nibble?

..

I agree with a lot of things kelsey is saying. The term scamcoin is passed around far too often, but these really aren't false claims.

5 hours after the genesis block was mined, 115 blocks were mined at a difficulty of 0.00024414 minting 1,150,000 (one-million, one-hundred fifty-thousand) goldcoins. This was a premine, as it was another 4 hours before any more coins were mined. That's not a debatable opinion. It is a fact.

At hour 9 after the genesis block, 7 blocks were solved for 70,000 coins. The difficulty is still 0.00024414, meaning that these blocks were not mined by the usual hoard of early miners. It is highly unlikely that the coin had been released at this point.

At hour 10, 260 blocks were solved, minting 963,323 coins. The network hashrate is still only 0.08 MH/s and the difficulty is still 0.00024414. Now you can make your own decision there, but this coin does not appear to have been released yet.

The network hashrate does not break 1 MH/s until hour 19 after the genesis block, which is likely when the coin was released to the rest of the miners. By hour 19, 4,129,000,000 goldcoin had been produced. You can look at the block count over those first 19 hours and see that most of the 10,000 coin blocks were mined by whatever small group of people was mining the coin before the public release.

Everyone should feel free to invest in GLD if they like the coin. That's none of my business nor is it anyone else's business, but it would be misleading to suggest that none of this premining occurred.

http://cryptometer.org/goldcoin_96_hour_charts.html

Hi krasnyoktyabr, I've posted it a few times here before, yes the original dev with a combination of premine and early mining had approx 2 million I believe (from memory and he was open about it in chats I had with him).

My main point about lecturing nibble on the facts, is his consistant 7million premine claim, which is a massive misleading overexaggeration;
(as you have factually stated "1,150,000 (one-million, one-hundred fifty-thousand) goldcoins. This was a premine, as it was another 4 hours before any more coins were mined. That's not a debatable opinion. It is a fact.")

Also what bugs me is this is all ancient history that people are using to attack the current dev team on, when simply microguys current dev team had nothing to do with this premining, and its likely all the premined are pretty much spread now.