The fact that the development team compares this coin and it's massive premine to Ethereum and somehow thinks that people are going to swallow 11 million coin premine based on 'It's just like Ethereum they also premined' (But without the team, vision, 20k BTC ICO and corporate projects) is a joke. What part of 11 MILLION premine killing the coin don't you get? No one cares if it's 'community owned', it's 100% unnecessary, and the 'But we all work full time on this' is just laughable as an excuse for giving yourself free money.
With the 4x longer block time than Ether, and literally NO word on what makes this coin 'better for your purposes' than Ether a Premine over 100k is a complete no-go for most people. Look at what happened to Shift (the first Ether copy-paste) and block-times, price and premine. Yeah, it's pretty much dead already because there is NO profit to be made from mining with 250k coins hanging in the air and price tanking.
TLDR: 'Fairly distributed' , 11 million coin premine. ROTFL!
With the 4x longer block time than Ether, and literally NO word on what makes this coin 'better for your purposes' than Ether a Premine over 100k is a complete no-go for most people. Look at what happened to Shift (the first Ether copy-paste) and block-times, price and premine. Yeah, it's pretty much dead already because there is NO profit to be made from mining with 250k coins hanging in the air and price tanking.
TLDR: 'Fairly distributed' , 11 million coin premine. ROTFL!
I have to agree with this, and I could be wrong but I don't think Shift's 250k premine has had that much of an effect on the market. Without a block explorer that can show info on accounts it's hard to tell.
