Quote from: YinCoinYangCoin on April 28, 2014, 01:37:10 AM

Quote from: DailyModo on April 28, 2014, 12:18:32 AM

Quote from: Philll90 on April 27, 2014, 11:00:02 PM

Okay thanks for the response. But I still have some questions, because it isn't really transparent how you act.

It makes sense that you distributed 2million YIN and 1.2million YANG within the first 3 weeks including POP.
1. It'll be good if you publish the screenshot of the selling with 1million YIN and 1million YANG.
2. 3mil coins for bounty activity? I can't remember that there was something like that. I just checked the old thread again and couldn't find any posts referring to this. Which bounties do you mean and who got it (can you at least name some of the forum members who received such a bounty)?
3. Why did you deposit 1.5million YIN and YANG into cryptorush anyway? What was the intention to do this? I guess not for selling them?
4. And can you at least publish the addresses of the remaining premined coins, so that we can check that these coins won't move in future/up to the launch?

Quote from: YinCoinYangCoin on April 24, 2014, 06:14:48 AM

Distribution:
Our plan is to have a multipool ready in 2-4 days; we have added a multipool. We will distribute the remaining pre-mine coins through the pools we launch, this will allow us to not simply give coins away because that will destroy the value. The distribution will be slow and spread out, unless we have a ton of miners. Our pool will be very similar to the recently launched Cinncoin pool.

Network: Everyday spent mining leading up to the pools you will receive a bounty of 2000coins
We need miners to activate the network. Don't need a ton of mining power, but until we setup the multipool and merged mining please go into the config file and add gen=1 to mine. Once we get a couple miners the network will activate and wallets will sync.

Thanks for publishing the new distribution method.
5. So you want to reward the miners with your coins for their hashing power. But for what will the whole hashing power be used? I mean we can't "mine" this coin because it's 100% premined, we just getting rewards for providing you our hashing power. So what happens with all that hashing power?

Thanks

For your 5th point i think the dev could use the revenu generated tfough the mining to establish new buy walls and help the price to rise. Right now it would take a small 2 btc to bring us to 1500 sat. Please dev correct me if im wrong.

Yes I meant to mention that money made from multipool will do a couple of things. First thing we will buy up Yin/Yang to at least 1500, and set stable floors, as well as maintain that price. Then as volume comes, we will make sure we get on Mintpal. I believe that the profit made from the multipool could accomplish this in a week. If we are making a ton, then I think we could distribute to each user their share of Yin/Yang an their share of the extra profits. Let me grab the screenshots right now. I will ask my dev to grab the wallets that you want posted. The bounty came during the dead period for Yin/Yang. For example two million coins were bountied for development of a site, and to work with us to increase the prices of the coins. The user said the coins were "stolen" from his wallet. I can post that transaction well.

Thanks for the response. And also thanks for the screenshots.

1. To use the earned money from the multipool to buy up and stable the price is a good idea. But don't forget to make it transparent for everyone. So publish after the multipool release the BTC wallet address for the multipool in the OP so that we can track the earned BTC amount.

2. The TrID of the 2million bounty isn't neccessary, because we don't know who the address owns (by the way you said 3million bounty, what happened to the other 1million). You could just sent the amount to an other address of yourself. Can you name this person or confirm this in any other way (Email conversation etc.)? I guess almost everybody who is active in cryptocurrencies has an BTT account. It would be really good to see here something more specific because 2 or 3millions of 18millions is a lot (more than 11%/16% of the total amount).

3. Why are 1.5million premined YIN and YANG stuck in cryptorush? What was the intention to deposit it there? I don't get it.

And the most important thing:
4. Publish the wallet addresses of the remaining premined YIN & YANG. Up to now we don't see anything what you do with the premined coins.

Thanks.