Post
Topic
Board Announcements (Altcoins)
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you belive in magic? ♦
by
Alexbalix
on 14/02/2014, 00:53:59 UTC
I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

So if my math checks out, you will control over 50% of the market until block 24928 at which point the total mined will equal the pre-mine of one billion coins. At 30sec per block, that comes out to be around February 22, eight and half days. I sure hope you don't dump, because that's a lot of control over the market.

Now you know why the bounties pay so much. We will be giving tons away.

Which is great to an extent, but that only puts it into the hands of people who will want to dump even sooner. My only advice is to hold off on getting on an exchange for as long as possible.