A reminder for those that don't read all pages:  the ANN itself says this:


For 5 days, it was mined by only 12 people.  These 12 are going to get rich from your buys.

I like how people these days get out of admitting there was a pre-mine.  Sometimes it is "oh we were just testing network".  But this is a new one: "oh I was mining with 11 friends, so it is not a pre-mine".

If the 12 founders think I'm just being a troll, how about you actually either (1) explain why letting 12 people "early mine" makes for a fair launch, or (2) actually make it fair by burning everything you mined in the first 5 days?

If your answer to (1) is "we posted a discord link in one place, anyone could have joined (even though only like 100 people look at the place we posted the link)", try again.


ALSO:


The difficulty on your network adjusts REALLY slow.  How many blocks did this "randowhale" take?  3000?  5000?  Why shouldn't investors be *TERRIFIED* of this guy dumping?  This is the REASON every coin should make a fair launch: if the network had been public from the start, your CPU hash would have been a lot higher than 20 MH, and other people would have been working on a public GPU miner sooner.

EDIT: More math:

Blocktime is 1 min = 1440 blocks/day.  Yet at the time of this ANN, over 23,000 blocks were gone.  So no, it wasn't just a "six day premine".  16 days' worth of blocks were taken in those 6 days (because of how slo your difficulty moves).