Quote from: tokeweed on December 28, 2014, 08:05:35 AM

Quote from: infernusdoleo on December 28, 2014, 06:49:34 AM

Quote from: unent on December 28, 2014, 12:58:54 AM

The dev probably realizes he cannot dump all the premine before people cotton on and is taking what he can get, when he can get it.

Which explains why he's intentionally taking less profit than he could get by dumping the price lower than the going rate when the price is actually climbing.

I see now I asked for opinion here in error. My apologies. Expecting a well thought out reply on an internet forum is like buying a lottery ticket. You can wish and pray... but your chances of getting what you hope for are infinitesimally small.

you want an answer that you only want to hear then?

also, what serious dev would want to intentionally devalue his own project?

No, I was hoping to hear a well thought out answer. Not the standard "its a scam!" or "dumping the premine!". Scam, very likely. Dumping the premine? Well, duh. But that wasn't my question. I was HOPING to hear intelligent answers that might explain why he was intentionally driving the price down. If I made a scamcoin with the intent to dump the premine, I sure as hell wouldn't post a sell for .000102 when the next lowest sell was .00073 as it was this morning on one exchange. And before the chants of "Hes just trying to dump it faster!" start - I'll repeat - for a few days the low sells appeared AFTER THE PRICE STARTED TO RISE. There was big buy support. Price going up. Big sell 10% under the going rate. You only do that if you're monumentally stupid, or there's a reason for it.

And as for your second question, what serious dev would intentionally devalue his own project? Exactly. That was my question in the first place. Not to debate if he was or wasnt - the fact he was is obvious. I was hoping those with more experience than I might have insight as to why someone would WANT to do that.