Quote from: jayman on February 27, 2014, 08:40:27 AM

Quote from: Vann on February 26, 2014, 05:33:00 PM

I don't mind an upfront premine as long as the release is fair for everyone. It's better than stating 0% premine and then instamining all the low diff blocks by withholding the wallet or not having any pools setup where everyone can start mining at the same time. There's more than one way to skin a cat Wink

Yes this basically what is happening now, devs say no premine then have broken wallet links and no pools working for many hours giving them the premine.

Small premines are ok if done in a honorable way problem is too many greedy people spoil it for everyone else by dumping their huge premine before the coin even has a chance

jayman
You hit the nail on the head!!!!! I wish everyone in the crypto community could wake up see this. Premining or broken pools is just the way it has to be done. I would never have broken pools, I would just let people know there is a premine and all the stakeholders would sign an public legally enforceable agreement to not pump and dump. I wont name the coins that say they did not premine, but this is exactly what 99 percent of all coins have done. They are doing a "fair launch," but its just premining.