Quote from: shaobao88 on August 09, 2014, 10:39:59 AM

Quote from: Elerntta on August 09, 2014, 08:21:40 AM

Quote from: drawingthesun on August 07, 2014, 04:56:02 PM

Quote from: Qwerty777 on August 07, 2014, 03:36:34 PM

Maybe someone has already asked this, but I dont remember the answer. Was there a premine?

Nope.

QCN, BBR and XMR have all had fair launches.

Look out for BCN (Bytecoin), they had a massive premine.

Really? Do you believe in the rumors about Bytecoin premine?

I'm curious where the people are get such info? There are no facts confirming premine of Bytecoin

You need to research into these things using your own mind and come to your own conclusions.

I looked into the announcement on Bitcointalk and looked at the history of the Bytecoin blockchain, the facts I uncovered were pointed towards only one explanation, it's a premine.

The difficulty up until block 400,000 represents a small number of computers mining the coin, perhaps a group of 10 - 50 people, this was around the same amount of CPU power for the entire life of the chain up until being announced on Bitcointalk.

If you look at the difficulty, there is no evidence that it was a growing underground phenomenon, it was stagnant and mined by the same people for all of that time. In addition to this, the Bytecoin miner code when announced was so bad many experts on this forum concluded that it was made intentionally slow, so that new miners could not compete with the developers.

Don't take my word for it, research into the chain for yourself, look at when it was announced, etc...

The only people supporting Bytecoin are either the developers, friends of the developers that were apart of the same mining crew for two years, paid shills, or idiots that want to lose money.