Re: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts
I think people are not seeing another big issue with an unlocked premine of this size, and it's simple market manipulation.
Dero reached a rather sizable ATH back in January before the market took a dump. A premine of this size would allow for massive sell opportunities, only to buy in again at the bottom. The same can be said as of now, with Dero at 30% of the price it was a month or two ago.
These "untouched" premine totals can be completely fabricated, since the dev can play with this stack on the market, force a massive dump, then buy back enough dero with a 70% discount to keep the same amount of premine, except with rather substantial gains made along the way.
Dero reached a rather sizable ATH back in January before the market took a dump. A premine of this size would allow for massive sell opportunities, only to buy in again at the bottom. The same can be said as of now, with Dero at 30% of the price it was a month or two ago.
These "untouched" premine totals can be completely fabricated, since the dev can play with this stack on the market, force a massive dump, then buy back enough dero with a 70% discount to keep the same amount of premine, except with rather substantial gains made along the way.
Makes perfect sense.. Let's ask capt to move all premine to another wallet, and provide the full keys to the current wallet, so we can see if the premine was spent anytime other than when he sent it to the same wallet to prove it's all there
Full Premine intact as of 12 JULY 2018.
@CaptDero We want the Tx_key for the transaction to the same wallet you claim it is the original premine
Edit:
The Tx at height 72 is change Tx from a sent transaction, so we know 100% that that wallet already sent funds out before, fund containing more than one input
Anybody care to explain?