Post
Topic
Board Altcoin Discussion
Re: Locking up premine for a period of time or number of blocks
by
j2002ba2
on 19/05/2021, 16:30:38 UTC
“Premining” is actually a made-up word, that we've defined it as a creation of some coins, before the cryptocurrency gets launched. Almost all cryptos are premined, even Bitcoin. Satoshi was mining for a month, before he/she announced it on bitcoin.org. I just wanted to point you that, let's move on.

You are gravely mistaken. Satoshi mined just one block for no more than six days. Furthermore that block cannot be spent, so in effect he premined 0 coins.