Post
Topic
Board Altcoin Discussion
Re: Vertcoin holders! almost 20% of your coins were mined in the first 30 hours
by
testigodehumanidad
on 16/04/2014, 19:42:48 UTC
well look what we have here...another sacred cow people don't want to talk about! Didn't realize Litecoin was like that, either.

i suspect the fact that their instamine only comprises only 1.5% of the total coins in existence means that this news will matter less to litecoin holders. 1.5% to 20% is almost a factor of 15.

Perhaps the person who suggested it doesn't matter if their is an instamine has a point. Eventually, the instamine will be paltry in comparison to the beginning. So it must not matter???

(answer: WRONG. it matters the most when you catch an instamine early. As time goes on, those holding the early coins will have less and less influence, and so it matters less. But it still matters.)