Re: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept

I hope you guys enjoy this as much as I do

http://blockchain.premineco.in/wallet/index.php?min=500

note: THIS LIST ONLY UPDATES 1X PER DAY
it is not realtime

So, is this the PMC richlist?

Technically it is the "everything" list, but the richlist is included. Wink

I see.

It's interesting to look at. Is that 38k the faucet?

No, by tracing the blockchain, and with some help of another i was able to narrow it down to 2 people. I will say it is not me, but not much more.

Ah. So a big holder then. That's a lot of PMC, I have to say. Still, PMC is still better distributed than NXT!

Also; thanks to whoever donated 2.60 PMC to the block rewarder. It'll add a few more days to its running.

I'm going to have to think about moving the block rewarder to a permanent server soon. I'm not mining much on this machine any more, and I am happy to keep it running for as long as I can afford to.

102 ADDRESSES (102 people MAX but not likely) own 423904.7064 PMC

alarming....

That's on par with BTC and NXT, isn't it? Yes, it's a lot of be held by 100 or so addresses, but I am not at all surprised. Isn't that sort of a good sign, though? I mean they aren't dumping.

That's true, yes. A 2-edge sword really. Personally I think the coin will need to circulate MUCH deeper for the coin to be considered a good experiment of bitcoins future and it's bound to happen eventually. Hopefully it isn't the same people buying PMC at such low prices, because perhaps a correction will help get the coins into the hands of other people. However optimistic that sounds, what is more likely the case is that the people buying PMC at low prices are the people who already know about PMC. Interesting phenomenon.

That being said; as long as the coin has a usefulness it will create demand and therefore be used. The supply in actual circulation vs. the supply in the hands of people who don't sell PMC low is what makes things tick in the long run.

If I knew the coins I was making available as block rewards were ending up in lots of new hands rather than a few big miners I would be happy to increase the rewards, but at the moment I do not know if that is the case. The main faucet is currently down, and Musent, who came out guns blazing when I called him out for moving all the coins and not telling us why the faucet went down is unlikely to make those coins available to the faucet. If it ever goes back up at all.

If I have to, I will speak to a faucet developer myself and offer a PMC bounty for it to be built. I will put my own PMC into its running.

I said all along that hoarders would be the ones to kill PMC, and that is a continued threat to PMC. It annoys me knowing the greedy just do not get the point; if there aren't enough coins circulating their coins are worthless.