Quote from: ontopicplease on May 12, 2014, 12:11:41 PM

Quote from: MickeNorsk on May 12, 2014, 11:45:19 AM

Quote from: ontopicplease on May 12, 2014, 11:31:55 AM

Quote from: judgecrypto on May 11, 2014, 05:16:36 PM

Quote from: Vann on May 11, 2014, 04:18:00 PM

Quote from: ontopicplease on May 11, 2014, 04:05:11 PM

Quote from: judgecrypto on May 10, 2014, 09:26:29 PM

Quote from: TTM on May 10, 2014, 09:22:32 PM

Has the dev pulished his premine address yet ? I think we need some transparency.

Why so concerned with Premine .. blah blah.. This is a solid coin. How big could it be? 7 day PoW with no block halving? and the second PoW stage is not even done yet! The total outstanding coins so far are less than 10 million of of a MAX total of 100 million... so cant be that much premined... nothing to see here...

Yeah, you are right judgecrypto. It's totally unimportant to have some open ledger premine. It's better the dev doesn't show how the premine wallet is filled or emptied. Did we ever see a dev scam the community with the premine, I don't think so, did we?

That's exactly why the BTC protocol was built in the first place. To get away from placing trust in a 3rd party for accountability, placing it instead in to a publicly distributed ledger.

If you have 4.5 BTC you could buy the equivalent of a 2% premine. So really any early adopter can get a large stake. What makes the coin fair is there is no large block up front with block halving that only the early miners can get. The prices are ridiculously low right now. I have a couple hundred thousand I got from using Nicehash and Bittrex. I only found out about silkcoin from IPOMiner. So this is a totally fair launch!

Okay, you say 2% PREMINE , which is 2,000,000 coins can be bought for 4,5 btc. I am looking at poloniex and at the moment at 800 sat the 2,000,000 coins will cost me 16 btc.
Lets face reality, you are either a 100% moron or you are part of a scam, trying to withdraw attention from the premine. I guess, you aren't a moron, so ...When the dev-team is NOT willing to give an open ledger of the premine than this coin is just another SCAM, the dev-team makes a couple of thousands and the coin is finished.
Every dev-team with honest, long term businessplans is giving full info about the premine-wallet. So, when they are NOT willing to give this info, it's clear to everyone. To all readers stop buying this coin until we see an open ledger regarding the premine.
Last 10 hours, I bought just over 400k SC and actually, I regret it very much. Unless I see an open ledger of the premine, I will dump these 400k SC pretty soon.

http://explorer.silk-coin.com/address/BFEZyzaVwEfd9q8eNN2UZz3zjmZ74p29zn
http://explorer.silk-coin.com/address/BGAvX8sxyzA8jKdERc46UfiaXKt3K7nKcx
http://explorer.silk-coin.com/address/BAuVLtGJ4tRZrfFLvCX23P3aEYGhSwkmmf

These 3 addresses all trace back to the first block. (the premine)

Total Balance: Around 1,948,000
So it means they've given away around 52k coins in bounties.

Hi, thanks for the info. This is what I was looking for.

One last thing. If ANYONE threatens to sell their coins as a preface to an inquiry, I think they should be treated as a terrorist and ignored. ACQUIESCING to that kind of behavior only encourages people to do it more which is why you don't negotiate with terrorists.