Please let us all know when you solve this MAJOR problem of the developer actually having ownership in his own company. We all cannot wait for your due diligence report .
The MAJOR problem is that the dev made no mention of a premine for himself, in fact he alludes to the fact that all the premine was paid out to miners, something we now know to be false. https://bitcointalksearch.org/topic/m.8222374
See, he doesn't mention 17 million coins went "unclaimed", or that he's going to be keeping 5 million for himself. So its a problem alright.
This problem was addressed and those coins were "burned" increasing every coin holders percentage stake. He didn't try to hide from this , he addressed it and took action. If he was a scammer then those 17 million coins would have been dumped when the coin was at a high value and we would all be holding worthless coins now . His actions speak volumes in the fact that he did the right thing .
Look at MaryJane coin , when the developer had 25.86% of the coins ........................NOW HE HAS 5.56% ... which means that lowlife dumped 20% of the entire coin on everyone.
Didn't you even read the damn thing? The dev said ALL the coins were paid to miners. He lied, so he did hide it from us. He was caught, so he had to burn the coins.
It would be illogical to assume that all the miners would all of a sudden come out of nowhere demanding their coins at such a low value. He did the right thing by putting them in unclaimed 500k blocks , knowing that these miners would be coming back wanting their coins as they saw that Cannabiscoin has risen in value. He gave them adequate time to claim them , and when a stink was raised about these coins he burned them all into oblivion.
Do you think the Maryjanecoin dev would have done the same thing based on his track record ?
For the third time, the dev said all the coins were paid to miners. ALL. Was there any mention of 17 million coins still to be claimed? No.
And your defence is flawed yet again by claiming that the dev knew that miners would be back to claim their coins. First of all he said he didn't know whose wallets they were, then that they might be unclaimed from the premine. Was any effort made to alert miners that their 17 million newly discovered coins were about to be burnt? No, they were burnt quickly because the dev knew that there were no miners to claim them.
He got caught.
Yes he got caught doing the right thing..........................LOL .. the Maryjane coin DEV dumped most of his coins and left everyone in that coin high and dry.
In what possible realm of madness is lying to investors about a premine the right thing?
Please, enlighten me with your obvious wisdom.
He didn't lie to investors, actually the hidden premine coins is the selling point to investors.
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator.
The investors pump the coin, then they dump it on all of us with the hidden premine and we are left with a bunch of worthless shit, so we are paying the investors their profit.
THIS IS THE WAY CRYPTO WORKS.
THERE IS NOT A SINGLE COIN OUT THERE APART FROM FAIRCOIN THAT HAS A SERIOUS REAL LIFE PROJECT.
Actually Guldencoin is the only alt I trust.