Quote from: sighle on January 14, 2014, 03:08:21 AM

Quote from: castiron on January 14, 2014, 02:53:10 AM

Quote from: sighle on January 14, 2014, 02:40:28 AM

You have a 500,000 size genesis block and then go on to say "no premine".

Tell me again how it's a "fair launch"?

Because 80% of the genesis block will be distributed towards donators, 10% will be used for bountys/giveaways/etc
and 10% is reserved for the developers.
We will then have invested around 30000USD out of our own pockets and countless of hours.
I honestly do belive you have slighty missunderstood the term premine.
Please read the entire Q&A.
Depending on how donations work out we might launch with even more capacity already pre ordered from the second Neptune batch.

How it's distributed is irrelevant. A premine is a premine.

In fact, allowing "investors" to buy into your premine makes it even more unfair.

I read your silly proposal. *IF* it's legitimate in any way, which I doubt, there is no reason for anyone to ever sell it. Especially your "investors".

Hence the problem with PoS.

Edit: Your premine is also equal to A FULL YEAR of mining. LOL.

If a full year at your place is 347,22 days then your world is spinning a lot faster then mine.
Look at NXT, 100% premined.. You can buy into AngelShares on a daily basis.
The goal have never been to create a coin you want to sell as easily as the vast majority of other coins.
It will be a complex coin to determine the value of but we do belive that the market will take care of that problem
just like for any other coin.