Quote from: jwinterm on November 30, 2016, 07:32:18 PM

Quote from: Bluestreet on November 30, 2016, 07:09:51 PM

Quote from: jwinterm on November 30, 2016, 05:39:19 PM

Quote from: bram_vnl on November 30, 2016, 04:59:04 PM

Quote from: BTCat on November 29, 2016, 12:09:00 PM

No need to listen to me just giving my opinion, buy what you want. Welcome to post about Guldencoin in above linked thread.

170 Million premine in block 1 is 50% of what currently is in circulation. At current rate premine is over $6 million.

Goodluck.

Dude that is for develope and projects and that NLG will never for sale on the market only here https://shares.gulden.com/

If I remember correctly the premine was originally supposed to be for distributing directly to the Dutch people, as it was launched amidst a sea other country shitcoins, with auroracoin being the most spectacular success/failure. Then at some point the dev(s) decided they would just cancel the airdrop and use the funds for "development". Now you're just running on pure trust that they won't change their mind(s) again and decide to use it just to line their pockets at some point. That's nice they have some get togethers with like 20 people, maybe they provide coffee and cookies, and it's nice that you trust them not to dump the premine, but I don't think it's unreasonable for people to not trust the dev(s) not to dump 50% of the available supply of what is nominally supposed to be a decentralized currency. Afaik there's no laws or regulations preventing it, it's just based completely on trust in what is supposed to be a trustless system.

The reality here is that none of the people bitching about the premine would have invested in the coin, EVER!!!!!, it's an excuse to make themselves feel better for missing out and deep down inside they want this project to fail. This is closer to the truth, right Mr jwinterm ?

It's half true, I guess. I certainly wouldn't ever want to be a part of a project with a huge premine, but I'm not trying to make myself feel better.

To be honest I'm not a fan of how often the word invest/investor/etc gets used on this forum. Who makes long term investments in a currency? Sure there are forex traders but I get the impression they are trading constantly. Have you ever heard of a forex person yelling, "HODL!"?

This board started as a place to discuss the development and use of Bitcoin the currency. I've done ok mining my helping out where I can with my four favorite crypto currencies - Bitcoin, Monero, Myriadcoin, and Huntercoin. None of these projects have a premine or ico, and they all offer or were the first to offer unique features.

Am I only allowed to comment about things I agree 100% with? Sorry for intruding on your safe space.

At the end of the day it doesn't matter what a few people on the bitcointalk forums think. We a tiny % of the overall users some of these top 20 coins have.

TheCrash

Posts

Merits