Quote from: BumMiner on January 23, 2014, 10:37:23 AM

Quote from: pauldgrote on January 23, 2014, 10:05:56 AM

Yes 3% was harsh, though I did make 17 coins in an hour over there which are confirmed and paid out in whole. The second pool they openend when they found out the first one was bad had 1% fee.

Ahh cool, so you were in on the post premine, premine too? Is that why you're trying to defend it now?

I mean yeh, 3% is harsh, but it was kinda predictable.. When a load of 0.1btc pump n dump peasants get together to launch a coin, you just know the only reason is GIEF U'R BTC'z!!!

It's a shame, this coin had real potential.. But this whole thread is a testament to the farcical scam it's become.

I`m not sure I agree. We`ll see if this coin has something to offer after a while, but in the meantime, people are posting a lot of rubbish. Almost all I see is ungrounded criticism with no substance. That which have, has been adressed (or so it seems to me)

How I see it:
- The motives behind the premine has been explained. My mini-investigation concludes that quite a few stakeholders have bought a share. It`s impossible to say how much, of course, but there are more people with a share than the devs.
- The "premine, premine" as you call it, also have been explained (due some unfaithful servant at a pool who tried to take advantage, as far as I can understand), and those coins has been confiscated. They are now in a cold storage, and the address is public. They could destroy it, they could use it in giveaways for promotions, or even give exchanges a share at launch.
- And I see you attack the persons behind it: the one I am familiar with, is the dev "altcoinguides", which have saved a lot of newbies (including me) from participating and burning myself on pump`n`dumps. I`ve been following him quite a while on twitter, and I recommend you doing the same.

I`m watching this coin closely. If they get a larger exchange and some places to spend the coin, this coin can be interesting the next months and years. A premine is not necessarily a bad thing, as long it`s used wisely. Look at quark, it has hold up better than a lot expected, even after prominent members of the community said that it was a scam.

This is my opinion though. Let`s try to get a good discussion going, rather than the flaming.