Re: [ANN][BANK]BankCoin[X11]POW/POS-Now 4 exchange★bittrex★poloniex★c-cex★coinnext★
Something in the code of this coin doesn't add up and if my maths are correct, it is 62.4% premined.
There are 500,000,000 max coins despite what the announcement says.
On the first block, 312,000,000 were instamined, which if you divide that by 500,000,000 you get 0.624, which x100 = 62.4%.
There are 500,000,000 max coins despite what the announcement says.
On the first block, 312,000,000 were instamined, which if you divide that by 500,000,000 you get 0.624, which x100 = 62.4%.
Want to back up that statement with actual proof?
Link us where in the source code you found 500,000,000 coins and that 312,000,000 were premined!!!
I threw together a Block Explorer for BANK. The wallet address is wrong, but it shows all the blocks.
Block One had 1,000,000 coins in it. Check out http://bank.exploreblocks.com:2777
So the dev was honest on 1% premine out of the 100,000,000 total supply and not 62.4% premine out of 500,000,000 like that PereguineBerty was trying to FUD here.
That would be my take on it. It's a 1% premine (1,000,000) like the dev said in the OP.
As to "PereguineBerty" I just slapped him back to the Stone Age. He should probably delete his account and never return to this forum, but that's up to him.
BTW, only about 11% of the total coin supply is for sale on Bittrex, so it seems people are holding and not dumping. Still, there's no buying pressure on at all so it's time for fast action.
Slapped me back to the stone age. That is some funny shit. Youre gonna have to try a lot harder than that, trust me.
But .. I have made a mistake and looking at the block explorer and back at the code again, you are right 1 million coins is the right amount. I am very sorry - in fact incredibly sorry for getting this wrong and posting it.
If you look at the source https://github.com/bankcash/bankcoin/blob/master/src/main.h on line 39 the max number of coins is 5x more than is shown on the ann thread though, which means the premine is actually far less than the 1% stated (0.2%) so I'm kind of doing the dev a favor by letting you know. Also, the panic managed to squeeze out a block explorer which is something that's been needed for quite some time (or so it seems).
Apologies again for the oversight.