Quote from: IloveAnonCoin on April 16, 2014, 09:07:59 PM

Quote from: testigodehumanidad on April 16, 2014, 08:58:22 PM

Quote from: IloveAnonCoin on April 16, 2014, 08:15:52 PM

Quote from: testigodehumanidad on April 16, 2014, 07:42:48 PM

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.)

So, you just miss leading the point.

If I apply your logic from the topic, both of VTC and LTC are instamine during the same time period which is 30 hrs after launched

So what if 2017, you bring this news to Bitcointalk again, will you say VTC is instamine 2% and LTC is not instamine ? or instamine but will less effect to Litecoin holders ?

Sigh.

If you want me to use your own words to prove my point, so be it.

From a Darkcoin scam thread, you said...

Quote

Quote from: flipme on April 07, 2014, 10:01:56 AM
Aah, another Darkcoin scam thread.
And if so - he'd deserve it for all the amazing work he has done.

How many Bitcoins were instamined?
That sums up to how many US $?

Are you out of your mine dude ? 22M Max Coins , 2M is 9%. I mean, it is okay to do premine 1-2%, not 9%.

So, you apparently believe it's fine to premine 1-2%. Not a universal opinion, but clearly your opinion.

In this current thread, are you trying to challenge me by saying the current 1-2% premine for Litecoin is NOT okay, after just saying in another thread that is IS OKAY?

Huh

Are you also saying you don't understand the difference between an instamine where 1-2% of the coins in existence is what is being talked about vs. 16% of the coins in existence?

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For the record, I think Litecoin was a premine given the facts. Unfortunately, we are 2.5 years after that fact. So yes, calling out Litecoin matters much less. We should still call a spade a spade, but given 2.5 years of existence, I have to admit its more likely that a lot of those 600,000 easily gained coins have probably been sold and resold multiple times. I think peope have less to fear about a massive instamine dump with Litecoin at this point. I still question the intentions of the founders.

Vertcoin has been around since mid January. Call me crazy, but I don't think a majority of those instamined coins have left their hands just yet. I think a lot of investors could get screwed by this, and of course, I am calling into question their intentions.

I never want to challenge you. I just apply your very-clever-genius-awesome logic to both VTC and LTC. In Darkcoin scam topic, I compare 2 million DRKs from 22 million darks which is the total supply for Darkcoin. 2/22 = 9%

So, If I apply my logic to both VTC and LTC, both of them will be .6/84 = 0.7%

See the bolded part? That is your mistake. VTC currently has 3.5 million coins. LTC has 27.5 million coins.

When you are talking about an instamine 600,000 coins, it depends on how many coins are also in existence at the time of your evaluation. The longer times goes on, the less the instamine matters.

You will understand after this scenario:

Let us say their is an instamine of 600,000 coins of something exactly like Vertcoin in every way that we are looking at now. Except one thing; this example we are looking at has a total number of coins ALREADY in creation at 1,000,000,000.

Since a 600,000 instamine doesn't even measure up to 1/1000th of a percent, that instamine matters much less.