Quote from: IKnowBetter on September 18, 2014, 04:43:20 AM

Quote from: mikeymillie on September 18, 2014, 04:38:30 AM

Quote from: TorontoR on September 18, 2014, 04:26:06 AM

The words of developer in op , but then deleted them
Update

The first 771 blocks are pre-mine and till block 800 are mined by me and pool owners for testing. It is correct that the blocks where flying till block 2350.
So the early bird people have take a total of 2350 - 800 = 1550 blocks * 3200 = 4.960.000 LTCD and not 8.000.000 LTCD!.

So if I understand correctly, this just shuffles things around so that the premine is now 3.8% and the remaining 6.2% is an instamine, right? Bottom line being there are 10% of the LTCD supply in hands that acquired it for far below even current market value, and we should price this in to our expectations. In that case 1900 sats feels expensive to me. I think I'll pass on buying any more until this blows over.

I think it's obvious that these coins were mined by large multipools and were dumped to the market long time ago.

multipools were not on this at launch nice try