Quote from: G-Bert on October 30, 2014, 02:25:33 PM

Quote from: qawzsx on October 30, 2014, 12:19:27 PM

Quote from: cryptico on October 30, 2014, 12:12:05 PM

Quote from: qawzsx on October 30, 2014, 12:05:38 PM

Quote from: cryptico on October 30, 2014, 10:24:59 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.

I don't mind at all for you and the dev team to be paid with the premine. What I do mind is if you do this without stating publicly the amounts the addresses and the time you were/are paid.

This is just complying with the standards that the team itself set up to follow as per pizpie link with the addresses were mentioning that each expense was going to be public.

YOU AGAIN? Huh

?
NOW IT"S ABOUT PREMINE? Huh

GOSHHHHH!!!!! I hope you dump your xc and block faster and go look for another coin, because you really hurt this coin with you idiotic posts.
Always make sure of a thing before posting... FUDER!!!!!

You know I never said this to anyone in here but now I will Fuck Off you and your idiotic FUDS accusations I'm one of the members that invested more in this thread and contributed the most with constructive criticism I don't remember you providing ibe inch if constructiveness for xc. If it was not for my posts in the block net thread you and many others might not have even had the 10% discount from CoinGateway. And now you are accusing me when first I did not bring up this and second all of us are concerned. You are just a blind idiotic fan boy at this point just go fuck yourself.

Now Teka you can delete this post and his post also.

Thank you

blah blah blah cryptico's a fudder.

Cryptico isn't a fudder, He's been around for a long time and is a long term hoddler and contributor to the thread

I agree he's a bit hot tempered at times (as he has acknowledged himself) but he has brought up a couple of very valid questions.

1) A fair few people thanked him in the Blocknet thread for pointing out the 10% issue and because of him they sent coingateway a ticket and received their 10%.

2) It is true that Pizpie stated the premine would be transparent, and is now nearly all gone and as of yet, we don't know where. I think this is a valid point too!

I don't doubt point 2 will be sorted when Dan gets the chance to clear things up.

Not much point in bickering about it. Lets just wait and see what Dan says.

+1