Quote from: easternboy on May 28, 2014, 07:26:17 AM

Quote from: PilotofBTC on May 27, 2014, 04:23:40 PM

Quote from: easternboy on May 27, 2014, 03:53:31 PM

Quote from: lzr1900 on May 27, 2014, 03:06:18 PM

this whale bought around 10M coins.

10% the whale bought today
>20% the dev sold feeshare
10% lzr1900
>10% qawzsx
>10% bitcoin carpenter
4% uiunavie

Wink

My god, you guys control too much of the coins,correct me if I am wrong.

You are wrong about the DEV. The EXCHANGE holds the SHARE used to purchase FeeShares, and it is redistributed through the multipool and SHARE/FeeShare interest.

I have no idea about the rich list, nor do I care. Having smart money in a stock always helps the long term growth and stability of that stock. I'm sure the same applies to crypto coins.

The first ,the former multipool is dead;the second , redistribution to multipool miners will be bought at market price by BTC, that's not a free distribution from dev, dev will redistribute shares to miners ,then get the shares which is bought from the market , that means the dev cost nothing but time to buy sharecoins in the multipool redistribution.

And aslo, about the inerest, let me figure out the amount for the first month, I assume all the rest 80 million sharecoins are locked in sharex, that's 80,000,000*60%/12=4,000,000. as sharecoins get the 30% interest itself, the dev need to cost for inerest is less than 2 million, maybe 1 million , maybe it's only 0.5 million, or less , right? I don't think all the rest 80 million sharecoins are locking up at sharex for the extra 30% interest.

So, the dev got 20+ million sharecoins from feeshare, we can figure out how many coins they have in their wallet now.
So, I don't think there's some thing wrong about the dev.

It look like you are right, but bitcoin carpenter said he has less than 10%.

pujing13

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