Quote from: mineral on December 08, 2014, 09:03:47 PM

Quote from: BitCoinDerivative on December 07, 2014, 08:20:18 PM

Is this coin a fair launch or not? I am getting mixed information. If it is not, or there are serious questions, we need to clean it up. It's an excellent coin and it shouldn't be trashed over something that can be fixed.

Of course! It was clearly fair. Take in account it was the 15th or 16th first coin and pools were built on starting ... All of this was so frenetic !! Cheesy

In other order of thing, I have built a faucet for bitgem: http://faucet.bitgem.in

I have enabled an address for faucet recharging gXYiUgs6LhbhkHW6C7WfFqxneuwzTJaVNy. I have put some few BTGs in faucet account, so faucet is operative.

Regards

This has to be clarified publicly before it is a serious coin. The wallet is very cool and by itself the coin looks outstanding to a pretty regular person like me, but the launch is not clear.

A while ago I tried the block explorers and could not find one that worked. Now there are two that work. When I look at the first transaction on the bitgem explorer it goes to an address that "cannot be displayed because there are too many records". On the other explorer that address is visible and seems to have mined the first 310 blocks. The coin specifically says no premine in several places so I went with that. However it appears that address mined the coin for one hour before the announcement, and got 930 coins, about 3% of the coins that exist now. Is that not a premine? It either is or it isn't.

If it is then something has to be done about those coins. Others might be willing to deal with that, I'm not.

It seems to me that if a certain number of coins were used for certain things then those coins can be accounted for, x coins went to pay for x pool, here is the transaction, etc. I'm willing to chip in some to pay off the premine, maybe donate it somewhere, as long as the accounting is honest and straightforward.

I understand you, Mineral, worked a lot on the coin and expect some money from it but if things aren't above the table most people, including me, aren't interested. People should be paid for their work but skimming isn't a good way.

If someone explains how I might be wrong I'll be happy to be corrected. Otherwise I'll wait for an accounting or a better explanation. I'm really not interested in being one of a group of people trying to push a con.