Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 03/09/2014, 22:26:46 UTC
Dmitry has stated that btc-e is very much against premine, when asked why no new coins are being added he stated: "all new coins with premine Sad"

Somebody who speaks russian may be able to convince him about monero. I speculate that btc-e may also prefer to own a seisable stash of whatever currency they add. That may be more of a difficult feat. I have some vague memory of something like FTC devs paying a huge chunk of coins to get it added, but in another case btc-e ended up doing a proof of burn after accusations of recieving coins (maybe that was TRC or nova?). Don't quote me on that, maybe somebody else remembers better.

I think it was TRC NVC but in any case. How do the developers give a huge chunk of coins without a premine (or instamine or some other scam)? I don't get it. About the only way I can think of other than the developers being independently wealthy would be if the coin went zombie for a while and no one other than the developers was bothering to mine it. That seems like a small target market. Perhaps that explains why they don't add too many coins.