Post
Topic
Board Announcements (Altcoins)
Re: [BCN] Bytecoin (CPU-mining, true anonymity)
by
Cheesus
on 04/06/2014, 14:52:43 UTC
Hmmmmm... Thus our favorite 80% are distributed among at least (sic!) 7 teams with unknown amount of people in each one.

Yeap. So BCN dev's statement about their inability to affect coins mined before (as coins are held by many people) sounds more reasonable now.
Let's assume there were 10 teams with 10 members each. The easiest calculation show us at least 100 early stakeholders. Not as bad as it seemed from the first glance.

There might be more than 100 people even among those teams. Moreover, nobody can tell how many more parties could not even be identified. It could be up to several hundreds of permanent miners not mentioning the occasional ones.

BTW this is related to my recent point on Bitcoin where 1000 people have roughly 40% of the emission at the moment. Concentration of the coins was even higher a couple of years ago. It seems like there is nothing unusual in BCN’s coin distribution among early miners.

Agreed. BCN is not volatile at all since it got a lot of emission for exchange rate stability. Besides, a lot of different groups are supporting this coin and centralised dump is clearly not an option.