Post
Topic
Board Announcements (Altcoins)
Re: [PRE ANN] [UKC] UK Coin – Real Team with Free UK Workshops
by
Crypto-t
on 17/03/2014, 22:26:48 UTC
Great question. We think the idea of giving away coins to random/all residents of a particular country is flawed for several reasons.

1. Most residents won't be interested;
2. Many of those that are interested will probably dump the coins as quickly as possible and therefore reducing the value of the coin;
3. The logistics and cost of giving away millions of coins is beyond the resources of most developers and therefore difficult to genuinely believe.

We only intend to give students of our workshops coins because many will be genuinely interested in them, and they will tell others about them which will help spread the word about crypto-currencies.

Any premine will be as little as possible but we have not crunched the numbers yet.

Are you from the UK?

I take it there will be a premine as you will be giving away some UK coins at the free crypto-workshops.  How big will the premine be?  Will there be any other premined coins available for UK residents who can prove their identify? (like Auroracoin or Spaincoin).