Quote from: KlondikeCoin on February 27, 2014, 02:59:36 AM

Quote from: chris112 on February 27, 2014, 02:33:13 AM

In my opinion, It looks like the arguments for a minute premine is much more favorable than the arguments, or lack of, against premining.

Interesting.

Do those who think premining have a constructive answer to show how a coin will work with a true 0 premine/instamine?

What I gather from these posts against premining is that those who don't premine can have a successful coin only if the developer is also a designer, security expert, hacker, accountant, marketer, advertiser, web developer, attorney and bank all in one. AND he has no other job and money in his bank to just throw at an alt coin. Now that is a good plan.

And then I too agree 0 premine can be successful with that guy.

There is always an exception to the rule of course.

We had a team of several people, C++ dev, web/gfx designer, someone with some marketing knowledge. We all work in the I.T industry. We needed to invest very little (just some money for servers to kick things off). No pre mine required, pre mines are just needed to make a quick buck, we mined some and used this for a couple of bountys but we pretty much did everything ourselves so there wasn't a need to pay third partys, now we have the backing of a great community who are all interested in seeing the coin succeed.

This!