I asked this question before, but I didn't receive an answer:
The OP states that selling stakes was to be done to make it more fair for traders to compete with big miners who have an advantage at the launch of a coin.
How does the philosophy fit with only selling to 38 individuals who collectively own 11+ days worth of mined coins? You've basically created a trading monopoly far bigger than any miner could have accomplished.
I'm not trolling, I'm still trying to get some answers on how this stakeholder business was good for the coin long term. The only clear advantage is for the coin creators and potentially for the stakeholders if the value goes up. I feel by trying to thwart large miners, you've potentially only catered to large traders that no longer need to buy their coins from miners.
this is why we delayd the trading to the 7th, to let miners catch up to even it out a bit, however then i received a message that freshmarket had implemented UTC.
Still though, 7 days of mining will leave ALL miners (500+ of us) with about 2/3rds of what 38 people own. In the long run, it won't be an issue I suppose, but I think it was shortsighted to pay it all out in lump sums upfront. I know that was the deal, so that's how it was handled, but I don't see how this benefits anyone mining or trading that didn't get in on the premine purchase for at least two months. Most alt coins barely have interest that last that long right now. It creates a very real sense of selling pressure whether they hold or not.
It isn't like anyone really believes someone when they say they're going to hold until it's 3 dollars on here. If the price drops from $0.19 to .05, people panic. It doesn't matter if there is reason for it, they just do.
The point of my initial argument here was that you specifically stated this was meant to even the playing field between miners and traders, though. I don't understand how selling to 38 people evened out anything.
