Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [COINO] KGW ACTIVATED - WALLET UPDATE ▬► COINO -(O)- ◄▬ The fastest Coin
by
smcardle
on 19/03/2014, 05:08:58 UTC
And if the dev abandoned this coin, he must part with the premine. Pass it on to the new dev or a formed steering committee for this coin.

Good luck with that.

The more likely scenario is we swallow the loss.
We know there are 2 million pre-mined coins and we factor in the fact that they will be dumped at some point in the future and that will drive down the price again for a short period.

The best scenario would be for the dev's to dump now while the price is low, sell to a big community holder or distribute the coins amongst the community somehow... Not sure how this would happen as trying to devise a fair method for this is always going to piss off a lot of people.

The main problem will be trusting any new dev to hold 2 million coin(O). They have to go into a wallet somewhere - so who owns that ?

My preference : Dump them now... Everybody gets a chance to buy a chunk of them cheep

As I said, if this does not happen we ALL need to be prepared for the scenario that they will be dumped at some point in the future, possible when the value has risen significantly. If we cannot accept this, then we may as well leave now.

If we take coin(O) forward without the current dev's we need to make it ABSOLUTELY clear and upfront to everybody staying with or joining Coin(O) in the future that this is a possibility and thus a risk.
Two million in the grand scale of things is a risk I would be willing to take.