Re: 【ANN】【PIRL】【PoW ETH Masternode Asic Resistant】 ►► NO PREMINE

Quote from: madalieninvader on April 03, 2018, 02:45:59 AM

Quote from: etherhacker on March 31, 2018, 03:26:05 AM

Okay. Here's the bug detail: your network contains the 72 millions premine from the original Ethereum blockchain. You can confirm the bug in many ways.

Look into the Ethereum premine addresses. For example, the EthDev premine address 0x5abfec25f74cd88437631a7731906932776356f9 which contains 12 million coins on both blockchain.

EGEM: https://explorer.egem.io/addr/0x5abfec25f74cd88437631a7731906932776356f9
PIRL: https://poseidon.pirl.io/explorer/address/0x5abfec25f74cd88437631a7731906932776356f9/

Now have fun.

https://pirl.io/blog/thoughts-news-ethereum-asic-miners/

So the no premine, ASIC resistant coin has a premine and is welcoming ASICs. Sold all my PIRL.

Someone make an ETH like coin with masternodes, attempt at some privacy features, and better ASIC resistance.

Maybe I jumped the gun too quick, but I've seen enough in crypto that anything stinks I cash out first and ask questions later.

This might not have been an intentional premine, a mistake from original ETH genesis block. it's still a huge problem if 12 million coins are out there with the original ETH developers having the same key.