Author

Topic: All coins are being pre-mined, right now (Read 659 times)

newbie
Activity: 28
Merit: 0
May 14, 2013, 10:00:28 AM
#3
It may be 1 year, 10 years, or 100 years before Bitcoin or some other cryptocurrency reaches general acceptance.

In the meantime, if you are mining and saving Bitcoin, you are participating in the premine.  If you are buying and saving Bitcoin, you are funding the premine.

By the time Bitcoin reaches general acceptance, some number of cryptocurrencies may also reach wide acceptance.  If you are mining and saving, or buying and saving, those coins, you are participating in the premine.

There's nothing in the world wrong with premining.  We are all doing it.

https://i.imgur.com/UmpOi.gif
hero member
Activity: 532
Merit: 500
bearded, drunk, fat, naked
let's call the bad one pre-premining then
sr. member
Activity: 476
Merit: 250
Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm
It may be 1 year, 10 years, or 100 years before Bitcoin or some other cryptocurrency reaches general acceptance.

In the meantime, if you are mining and saving Bitcoin, you are participating in the premine.  If you are buying and saving Bitcoin, you are funding the premine.

By the time Bitcoin reaches general acceptance, some number of cryptocurrencies may also reach wide acceptance.  If you are mining and saving, or buying and saving, those coins, you are participating in the premine.

There's nothing in the world wrong with premining.  We are all doing it.
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