Hello everyone, I try not to spread FUD and welcome everyone to check my history that reflects this. I like trying to support as many alts as I can, but something here seems fishy. If I am wrong, I apologize in advance, and hopefully we'll all continue on our way. I will try to be precise yet concise in my questions to save everyone time. I will include links as well as screen shots of critical information of what I'm most worried about to make sure everything is available. Again, if I'm way off on this, I humbly apologize.
Timeline of events:
Dev begins a twitter account on July 22nd and sends a series of tweets about the new coin.
Link:
https://twitter.com/BIGBullion2014/status/491629401583284224 Imgur:
http://i.imgur.com/sasXPmD.pngDev posts the ann thread on BTCTalk on July 29th with a short description of the coin.
Link:
https://bitcointalk.org/index.php?topic=715904.msg8086588#msg8086588 Imgur:
http://i.imgur.com/S297c3z.pngLater on the 29th, dev makes a post with links to Facebook and Twitter accounts for the coin on BTCTalk.
Link:
https://bitcointalk.org/index.php?topic=715904.msg8090202#msg8090202 Imgur:
http://i.imgur.com/xvcVt8q.pngThe next day, July 30th, dev makes a post with the specifics of the coin both on BTCTalk and Facebook. BTCTalk
Link:
https://bitcointalk.org/index.php?topic=715904.msg8109887#msg8109887 Imgur:
http://i.imgur.com/gEgZpfk.png Facebook Link:
https://www.facebook.com/BIGBullion2014/posts/1455960207996174 Imgur:
http://i.imgur.com/Wwr4azg.pngOn August 5th, dev announces via Twitter that the wallet is available to download and that the password will be realeased on 8/15 .
Link:
https://twitter.com/BIGBullion2014/status/496643586038181888Imgur:
http://i.imgur.com/UZasqSf.pngAltcoincalendar confirms.
Imgur:
http://i.imgur.com/yt0MyZi.pngOn August 5th, dev posts a link on Facebook with a link to the blockchain and official website.
Link:
https://www.facebook.com/BIGBullion2014/posts/1457724434486418Imgur:
http://i.imgur.com/TYMWg0I.pngBlockchain:
http://188.226.197.228Here is my question. The blockchain shows the first block being mined on June 24th with a reward of 50 coins and the second block being mined on July 26th with a reward of 36 coins which is consistent with the coins specs. Many coins began to be mined at 1 diff.
Link:
http://188.226.197.228/chain/BIGBullion?hi=19&count=20Imgur:
http://i.imgur.com/PTsZDs0.pngAs of now, the link to the blockchain shows that the coin is on block 1618 with a difficulty of 788,578.
Link:
http://188.226.197.228/chain/BIGBullionImgur:
http://i.imgur.com/RFfwlrQ.pngThe coin specs say no premine and have a specific release date yet the blockchain shows it being mind currently. So what's the deal?
Thank you for being diligent and helping protect the ALT coin world!! We need people like you among us to help make sure crap coins do not rip people off - so KEEP IT UP!!! (Seriously no sarcasm here.)
Now on to the topic at hand. A "premine" is defined as coins that are taken out during the creation process of the coin. Hence the name PRE-mine as in before mining. We did not do this. That is why the white paper states no premine. However; if you look at post #17 on this BTC Talk thread I clearly explained that there would be a dev mining period where we will mine between .85-1% of the coins for normal development payouts. We are also using this time period to test the network, nodes, and our primary pool vendor.
