Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN]SummerCoin|First X11/POS coin|Summer coin|Huge PoS|2 days to open
by
Sircoss
on 25/04/2014, 16:56:26 UTC
Quote from: sonysasankan on April 25, 2014, 07:53:35 AM
Quote from: Sircoss on April 25, 2014, 05:04:39 AM
Quote from: SummerCoin on April 23, 2014, 06:45:27 AM
  • PREMINE: NO, each block sends 300 200 coin for foundation support

Uh.... you need to get rid of the bold.  If you are going to try and back door coins to yourself you might as well just pre-mine because you are basically doing the same thing.

Its a little better than a premine IMO. Its basically like a 1.3% tax Smiley In a way its fair coz the dev needs something for his efforts right. Most coins have the same amount premined for bounties and bribes and other shit. By saying no premine and no IPO, you are essentially saying to the devs to code and spend their time for free. I think a dev of a coin needs a little more incentive to be there for the coin if something gets broken. You can't have that if the dev is in the same level as the miners.

It's the same thing as a pre-mine your just trying to call it something else so by him saying no pre-mine it makes this kind of suspect.  All this does is insures the dev wont dump all the coins he gets from the "tax" at one time while its still in the mining phase.  Roughly 6,666,666 coins will be given to the dev on this "tax", I would just prefer that this goes away in general and I'm sure the majority of people here would too.  A lot of the bounties this "tax" is for could be done free if you help build a good community with people wanting this coin to flourish or the bounties usually get paid by donations from the community.  I have seen this plenty of times before.