Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts
by
MagicSmoker
on 16/07/2018, 11:33:59 UTC
All you claimed can only be taken as bug.Where is the scam?Did captain dump the premine?Anyone get rich in this scam?

Scam devs are sometimes even too dumb to pull off a scam. And believe it or not but some of them would even scam for a couple of dollars.
it is easy for the captain to make a new coin, sell all premine, should thank the serena and mojo for giving the correct information about the opening of the premine

Dumping the 2m DERO premine is the last thing I'm worried about as there isn't anywhere close to enough liquidity - daily trading volume is less than 5 BTC.

In fact, the current liquidity is insufficient to sell even 1% of the premine (20k DERO) without taking more than 2 weeks or else accepting an average price of at least 50% down from the current bid to get sufficient depth in the order book.

So, I see the premine being unlocked as a bit of a red herring.

The one issue I do worry about is that currently the dev(s) are anonymous and the source is closed - basically, you can have one or the other in crypto, but not both - however the source is (supposedly) being released to any CryptoNote devs on July 20th, and more publicly a few weeks from now. This is a change in plans from the previous estimate of only releasing the source after a foundation was set up, so CaptDero seems to be responding to community pressure.