Quote from: CinErik on May 05, 2019, 10:07:52 AM

Quote from: Joetann94 on May 02, 2019, 03:03:11 PM

Quote from: motienvolam on May 02, 2019, 12:55:57 PM

As we all see over time, newbies spread news. Are there relations between ZEC and VEIL? Serious relations, I meant? VEIL is totally diferent from ZEC, at least in their algorithms. I am not a fan of VEIL, but it is irrelevant to post news on ZEC here. For the story of ZEC developers dumped their coins, is the news reliable enough to believe? And, please show us proof of ZEC developers dumps in the ZEC topic, not here. Roll Eyes

They have similar block reward models (they include founders rewards) and that is what I'm referring to.

Veil is not associated with ZEC as far as I know, but there are VERY FEW projects which have founders rewards. So the example of the ZEC founder DUMPING his rewards gives me a lot of reason for concern about other projects with founders rewards.

Can the VEIL team give me some assurances that the founder isn't going to dump this project into the ground?

Why do founders rewards even exist? They exist so one individual (the founder) can get rich. VEIL is a Privacy coin. Privacy coins are used in Niche markets and will never come close to having global adoption on a mass scale. If you have to ask why then I don't have the time to explain this to you.... What I'm saying is the founder isn't going to limit his wealth (acquired in VEIL) to Niche markets. He's going to cash in at some point. Can somebody from the VEIL team explain to me why this won't be the case? The tech is fantastic but I can't help but think this is doomed to fail because of the economics.

Hi;

As you can read their explanations in the Veil's Discord channel, they are not dumping or willing to dump their coins at least in short therm. And if they spend their coins this will be for reason not for an exit scam. Please note that they are not new in this era. This is not their first project.

Kind regards

Yes, team is not new. Founder of this, helped to start PIVX, acquired lots of coins via a premine and now seems to have dumped them to start this project instead of continuing on. But yeah, let's not call that an exit scam in case anyone gets offended. All exit scams don't happen in the short term. If the founder really intends to hold the coins beyond the short term, why didn't they have them time locked for all to see? i.e the founder budget could be time lock each month so they can only be spent after one year or so. (See other coins with time locked mining rewards). I doubt if it is rocket science to do that and much better than "believe me I won't dump" approach.