Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
The altcoin community should be about innovation, not a select few people making a quick buck. Our goal was to break out of that greed driven trend. Cryptonite had no pre-mine, no IPO, the difficulty adjustment algorithm is designed to adapt quickly and prevent instamines
I live for a day when developers will actualy launch a coin which is as promised in announcement. So far, the only non-instamined coin out there is also the first one - Bitcoin.
Any other coin was instamined and XCN is not exception. Developers who can implement killer features in their coin surely know what starting difficulty should they go with to
really prevent instamine but, as it can be seen again, that is actualy not in their interest. Nor it is in their interest to provide optimized CPU / GPU miners and 100% working wallet
at the very start of mining.
"The first couple of hours were bit of a bumpy ride, the first Windows binaries released were buggy and caused a bunch of mini-forks to break out, preventing Windows users
from participating in the network until we released a fix."
Pathetic scumbags.
Just to bump one of my previous post so any newcomers eventualy realise what this coin is actualy about - for those unable to think, it is about instamining and dumping easily
acquired coins on you at inflated prices later.
"After 1 month: ~11 Million
After 3 months: ~ 32 Million
After 1 year: ~ 123 Million
After 2 years: ~ 240 Million
After 10 years: ~ 920 Million"
This clearly proves that as of now, only a small portion has been mined and also leaving room for the late miners to get a piece of the cake. A much bigger problem would be the altcoin-whales buying up tremendous amounts of coins at these low prices.