[ANN] Bitcoin Litecoin Feathercoin. ALL PREMINED. Why pre-mining is needed!!! - page 2.

r3animation

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Quote from: ?? on ??

Quote from: r3animation on December 09, 2013, 03:32:22 AM

Quote from: Kane49 on December 09, 2013, 03:29:43 AM

Quote from: wolverine.ks on December 09, 2013, 03:24:19 AM

define premining. my guess is many will disagree with your post once you offer a definition.

His definition is: if he didn't know about it from day1, its premined

+1

He's trying to justify his 1 month of pre-mining on incakoin.

And no, BTC and LTC were not pre-mined. FTC was insta-mined not pre-mined.

Incakoin was definitely pre-mined.

Quote:quote from: Stephen Gornick
Hero Member
*****
(about bitcoin premine)

https://bitcointalksearch.org/topic/historical-question-were-any-bitcoins-premined-if-so-how-many-160626

genesis block being created on January 3rd, 2009, and the first public release occurred less than a week after the genesis block was mined:

What is your definition of pre-mine? Why don't you put incakoin in the topic too?

GigaCoin

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Giga

Quote from: rapidfire187 on December 09, 2013, 03:16:08 AM

All of these coins were pre-mined. Bitcoin, Litecoin, and Feathercoin. Pre-Mining helps to support development and helps pay developers. It is not a bad thing.

this is not an announcement…

and about pre-mine as long as it's reasonable i support it, premise is required to pay developers, giveaways, etc, but if someone pre mines more than 15% of the coins then it means greed is involved.

r3animation

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Quote from: ?? on ??

Quote from: r3animation on December 09, 2013, 03:52:09 AM

Quote from: ?? on ??

Quote:

genesis block being created on January 3rd, 2009, and the first public release occurred less than a week after the genesis block was mined:

So its a few days of BTC vs 3-4 weeks of your incakoin? Why don't you put that in the topic instead?

Let us calculate the projected amount of coins a few days worth of BTC pre-mine shall we at current market price. 890 x 50 x every ten minutes x a few days?

You want to use the current market price? Why not use the market price when it was released? That's only fair if you're going to compare that with your incakoin.

Remember this was 2009 when computers were a lot slower and no GPUs were useable as miners.

But what is your definition of pre-mine? Why don't you put incakoin in the topic too?

r3animation

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Activity: 756

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And since you posted up the topic.

Give your definition of a pre-mine.

r3animation

hero member

Activity: 756

Merit: 500

Quote from: ?? on ??

Quote:

genesis block being created on January 3rd, 2009, and the first public release occurred less than a week after the genesis block was mined:

So its a few days of BTC vs 3-4 weeks of your incakoin? Why don't you put that in the topic instead?

r3animation

hero member

Activity: 756

Merit: 500

Quote from: ?? on ??

Quote from: r3animation on December 09, 2013, 03:32:22 AM

Quote from: Kane49 on December 09, 2013, 03:29:43 AM

Quote from: wolverine.ks on December 09, 2013, 03:24:19 AM

define premining. my guess is many will disagree with your post once you offer a definition.

His definition is: if he didn't know about it from day1, its premined

+1

He's trying to justify his 1 month of pre-mining on incakoin.

Historical question: were any Bitcoins premined? If so, how many?

https://bitcointalksearch.org/topic/historical-question-were-any-bitcoins-premined-if-so-how-many-160626

quote from: Stephen Gornick
Hero Member
*****

"See back when Satoshi created Bitcoin, almost nobody gave a rat's ass about it. It was a lot of work, from what I read, to try the program out. The code wasn't easily compiled and built, there was nearly no documentation, etc.

But the project had been discussed in the cryptography mailing list months prior to the genesis block being created on January 3rd, 2009, and the first public release occurred less than a week after the genesis block was mined:
- http://www.mail-archive.com/[email protected]/msg10142.html

Eventually, others did join in.

The June 2010 Slashdot article is when difficulty rose above to where there were more miners (maybe a few dozen prior to then mining regularly?). Difficulty was 1 until February 2010 at block 38,304 -- when 1.9 million BTC had already been mined.
- https://spreadsheets.google.com/pub?hl=en&hl=en&key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc"

Actually you helped me prove my point. What you quoted just shows that BTC wasn't pre-mined.

If you noticed from your own quote, BTC as a concept was discussed for months before being released. Everyone could mine a few days after the genesis block was created. What can you say about your incakoin? How many blocks were mined before introducing it to the public?

r3animation

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Activity: 756

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Quote from: Kane49 on December 09, 2013, 03:29:43 AM

Quote from: wolverine.ks on December 09, 2013, 03:24:19 AM

define premining. my guess is many will disagree with your post once you offer a definition.

His definition is: if he didn't know about it from day1, its premined

+1

He's trying to justify his 1 month of pre-mining on incakoin.

And no, BTC and LTC were not pre-mined. FTC was insta-mined not pre-mined.

Incakoin was definitely pre-mined.

Kane49

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Activity: 84

Merit: 10

Quote from: wolverine.ks on December 09, 2013, 03:24:19 AM

define premining. my guess is many will disagree with your post once you offer a definition.

His definition is: if he didn't know about it from day1, its premined

RenegadeMind

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THINK IT, BUILD IT, PLAY IT! --- XAYA

Depends on how much is premined. Premining all of it? Scam. Premining some for the sake of development and promotion? Sure, but in sane amounts. 50% is not sane. 1% is still a lot of premining. Guess it depends on the character of the crypto though.

wolverine.ks

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define premining. my guess is many will disagree with your post once you offer a definition.

rapidfire187

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Activity: 252

Merit: 250

!!!INCAKOIN!!!

All of these coins were pre-mined. Bitcoin, Litecoin, and Feathercoin. Pre-Mining helps to support development and helps pay developers. It is not a bad thing.

Topic: [ANN] Bitcoin Litecoin Feathercoin. ALL PREMINED. Why pre-mining is needed!!! - page 2. (Read 2509 times)