Post
Topic
Board Announcements (Altcoins)
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you believe in magic? ♦
by
Alexbalix
on 16/02/2014, 04:39:43 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.

Isn't it kind of sneaky to take a premine for coins that wont exist for 100 years or may never exist at all?

If they took a premine of all the coins that would exist in 100 years that would be roughly 1,004,000,000 (0.1%).
So they took a premine of coins that wont even be mined until long after were dead? Are you fucking kidding me?

To put it in perspective:
The developer holds more coins now than everyone in the world will mine collectively for over 8.5 years.


Who is dumb enough to support this coin?


Your math is just wrong. In the first year there will be 14,824,000,000 coins mined. Nearly 150 million have already been mined, plus the devs are releasing plenty through giveaways, faucets, and bounties.