Post
Topic
Board Announcements (Altcoins)
Re: [ANNOUNCE] New alternate cryptocurrency - Geist Geld
by
coblee
on 13/09/2011, 20:17:44 UTC
Also, one of conditions for bounty projects (which GG will traditionally have, stand by for list) will be that they are made open-source, so that everyone can benefit from them

a wonderful laundry service that guarantees 100% squeaky clean GeistGeld (mined, no history attached)

Eh ?

So instead of being open and telling people about your 7 mil pre-mined coins, you expect people to deduce that you mined some coins by the fact that you said "bounty" and using "100% squeaky clean" coins. Well, bounty coins can be mined after the coin has been published. And 100% squeaky clean coins can be mined afterwards for your laundry also. It doesn't necessarily mean you had to pre-mine them. But that's besides the point. You purposely did not mention that you pre-mined 7 million coins because you knew people would not mine your coins if you did that. Tell me that's not true.

I don't doubt that you have good intentions with those 7 mil pre-mined coins. But hiding information is not a good way to go about it and it definitely hurt the trust people have in you and your coins now.