Quote from: DeadAbrasiveness on July 05, 2018, 11:12:02 AM

Quote from: LoneroLNR on July 05, 2018, 02:57:10 AM

Quote from: weisner on July 05, 2018, 02:39:21 AM

Lonero has a pretty good idea and without holding ICO, it means Lonero has the capital for development right now?

Yes, the creator is financially independent given his previous startup experience, making Lonero have all what it needs for continued development.

If the creator is financially independent giving Lonero what it needs for continued development, why the large allocation to Lonero CEO, CTO and the Foundation? Along with design and marketing and content and media, 35% of the total supply is with the Lonero team. That is worrying.

To be fair lots of altcoins and Bitcoin forks are vulnerable to a 51% attack. Also many different cryptos with multi-billion dollar market caps who have done ICOs, have the creators making sometimes up to 34% in the block explorer. The difference is they aren't as transparent about it and have still went ahead raising funds for their project. Lonero is self funded as of now, this means the creators own crypto and own personal money goes into ensuring this project is a success. This means 65% will be already available for people to test out and mine without investing in it. This is how many of the large, decentralized, and legitimate cryptos were formed. Also in order to sustain future development or expansion, we may later on liquid small percentages of Lonero, but as of now this is the tokenomics structure for the community.