Quote from: JonBoy on January 10, 2014, 03:31:19 PM

The thing that most annoys me about new alt coins is the fact that most have been pre-mined to ridiculous levels.

As a miner I would like for the coin I choose to mine to be a success and new coins coming into existing which have been pre-mined up to 7% and more are such a dissappoinment.

Don't mine or deal with any that are pre-mined then.

Quote from: eddy937 on January 10, 2014, 03:55:28 PM

Yes, I think quark was so heavily premined that there was not much left for normal miners to mine. The website says this is for allocating to giveaways and promotions but whoever is behind it seems to be out for maximum profit. I'm not sure about ripple. I read somewhere that it is completely premined but designed a bit differently from normal crypto currency.

Giveaways lol. Why can't the devs just mine the coins themselves for giveaways? These alts are just blatant get rich quick pump and dumps. They don't care about cryptocurrencies or developing the coin as long as they can make a quick profit.