Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin negatives
by
coolcoinz
on 22/08/2023, 18:04:22 UTC
⭐ Merited by vapourminer (1)
Bitcoin:

93% premine to anyone born today.

100% premine to anyone born in 2140.

You don't understand what a premined coin is. Premine means part of the coin is mined, or put away, before coins launch, so that the community cannot have access to it unless that part of the supply is released by the person controlling it. In case of bitcoin the supply is distributed among users with the help of a free market. There was and there will be no premine, regardless of when you are born.