Post
Topic
Board Announcements (Altcoins)
Re: [PCN] ProCoin: The Coin for Business | On CryptoRush & Bittrex | Easy to Mine
by
LawrenceHRuddlebacher
on 30/03/2014, 18:01:54 UTC
I'm new to this. Why is a pre-mine so controversial?

The thought is that the coin dev will dump the pre-mine and leave the miners in the lurch because of a falling price.

It seems that controversy is becoming somewhat outdated, though, as newer coins now have 50%, 75% and even higher pre-mines.

If anyone was seriously speculating on this coin, they could purchase $250 worth and own a larger amount of coins than the Dev has. That renders the argument laughable at this stage of the game. However, there are a lot of negative people in the world and they need something to say, so this is it.

http://i.imgur.com/kn6ItaJ.png

Ok I get it now. But this 2 per cent is not going to hurt the price is it?