Quote from: bitcoinbabys on February 01, 2019, 11:36:05 PM

Quote from: notsofast on February 01, 2019, 10:59:09 PM

Are you fucking serious?

2% premine of 10 billion coins is 200 million coins.

Miners get 4 coins per block for one shitty month then that gets cut in half. It's basically going to take over 100 million blocks, which is 200 million minutes, or about 380 years, until all miners together mine an amount equal to your premine.

So dumb. Nobody should mine this.

This is like the 10th time I've made this exact post breaking down bad coin economics.

That is previous devs specs and I surely understand. I will be making changes to the reward structure for mining and POS. Previous dev kept 174 million and let us take 10% of that total premine. Changes are to come that will increase profitability very soon! Previous ANN listed in entry message

So what you are saying is previous dev has 174 million coins to dump at any moment he likes?