Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][LNC] Linearcoin | Coming 6/21 | Unique Block Reward System | X11 POW
by
Vizakenjack
on 21/06/2014, 09:49:14 UTC
This is scam.

0.1% premine means 25000 coins? Looks fair enough, BUT...

5 min block time = 288 blocks per day, 50 coins per block. It's about 14400 coins. After a week there will be about 100 000 coins (INCLUDING so-called "halving"). So your ~0.1% premine converts to 25% (INSANE!)

I'm pretty sure, dev will dump it all as soon as it hits bittrex.

The ONLY WAY - release it with a transparent premine with about 1000 coins.