Re: [ANN] [PMC] Premine! - 100% Premine / 100% Distribution

the second blockchain would have 1M coins. If not fixed after 16000 blocks it would generate other 500000 coins, and again after other 16000 and again, again and again.

I personally vote for the first blockchain, but if fixed also the second is usable

Well, there's teo main ways you can handle the alternate blockchain;

- Let it die
- Let it carry on, and consider the bug a "feature".

Again, I'm not sure who would want to mine or hold a coin long term that decreases in value over time. I did actually once joke about the idea of a coin that would create a massive influx of coins after so many blocks. I created a thread about it a few weeks ago. I think I dubbed it DumpCoin, or something like that.

Sure, if people want "Dumpcoin", they can rebrand the coin and mine it all they want. But it's completely the opposite of what Premine is trying to accomplish, so for it to survive it would need to be rebranded, or possibly re-released.

alternatively we could allow the extra 500k coins and issue the fix for the future so it doesn't happen again next time.

Personally I don't want to see that happen, but it is a valid option.

I think doubling the value would be a bad idea, personally. 500k was perfect. Doubling it essentially decreases the value of each coin by half. I'm still in favour of 500,000 coins. It just sounds good. Keeping the borked coins would be a horrible reminder to be honest. It vastly messes up the distribution. I got a crazy amount in the office at work. When I saw them today I had to laugh. It makes my stake almost worthless, which I felt had value when I could distribute it, and give it to others. It also completely changes the concept of tx fee mining. It's not really very fair on those of us that supported Premine from the start and stuck with it.

I'm strongly in favour of sticking with what was intended. 500k coins, forking before the bug, and introducing a small mandatory tx fee. The big draw for me was being an early adopter and being rewarded for that, and also have the ability to reward others and help the coin using my own stake.

Alternatively, you could just start distribution over and make the distribution heaviest on those who actually helped this coin. That solves the hoarding issue once and for all.