Quote from: fenix79 on September 18, 2014, 06:16:35 AM

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

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

Quote from: mothermole1 on September 18, 2014, 04:21:20 AM

Quote from: TorontoR on September 18, 2014, 04:17:44 AM

Quote from: mothermole1 on September 18, 2014, 04:12:57 AM

Quote from: TorontoR on September 18, 2014, 04:09:38 AM

Quote from: YesOrNo on September 03, 2014, 09:42:25 AM

You are scammers
New World Record
2500 blocks in 25 minutes
2500 * 3200 = 8 000 000

8 Milion in 25 minutes it's 10 % premined Shocked

11:24:20
{
"blocks" : 2301,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.06250000,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 366053934,
"pooledtx" : 0,
"testnet" : false
}

Go away.

You go away this is true even the developer can not denied this.

Please explain to me in EXACT detail how this is true. Using maths and logic.

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.

It`s true ?

Let's just say i am very glad I passed on 1900 sats. and 1800.. and 1700.. and so on. 3 figure sat was nice to see.