Quote from: policymaker on October 30, 2014, 10:11:59 AM

Quote from: synechist on October 30, 2014, 10:08:17 AM

Morning folks

Hmm... Looks like we need to get you all some details about how the premine has been spent and which address(es) you can all keep track of it on. It's pretty important that you're able to do this.

We'll need to wait until Dan's awake since I don't have any access to the premine. But I can tell you a few things:

- I will reveal that some of the premine has been used to pay me. It's a full time job, and I'm happy to be paid in XC.

- Dan is very likely to have paid XC to devs for various things.

- I don't think that Dan has used the premine for his own expenses. I actually think he *should* use it for his expenses, and I hope he has, but I'm not sure he has. He's specifically mentioned that XChat was developed out of his own funds.

Some pure speculation:

- I don't know how much of the premine is left, and how much might exist in BTC or another currency.

- It's possible that Dan diversified XC's funding to mitigate risk and/or to pay devs. Good plan in my opinion.

- It's possible that the premine could be used to generate profits on other coins, and thus replenish the premine.

sry herbix im just tired of dealing with fudding newbie accounts thats all

Hey man, take a little break for your own peace of mind. You've been contributing with a lot of useful posts in the community. Reading FUD and reading about people being hired to FUD also breaks my mojo. But you know what? We're in this together. When it's becoming too much, take a deep breath and let someone else answer for that moment. We're a community