what premine?
Not a premine per se, but they "take" a share of 150,000 BTCH for "sustainable development"...
from bitcoinhush.org
"Yes, there will be a 150,000 BTCH development fund managed by jl777 to fund ongoing needs of the community"
I'll change the term in the previous post.
The 150,000 BTCH is for long term development of HUSH. Since BTCH is a KMD assetchain, there is no need to develop it independently as it automatically inherits work done on komodo.
The value of a BTC fork without the 150GB bloat and having security from bitcoin PoW, these are big giant advantages. It might take the market a while to figure this out, but that is fine. It just allows people with patience to accumulate at lower prices.
It is better if HUSH price didnt go up too much as when the snapshot happens, the drop will be that much more significant. Since people think there is no development, the price is low, but the reality is that the BTCH chain is already alive and we are starting to notarize it. Also there has already been an atomic swap done with BTCH on barterDEX.
If this was an exit strategy, it is quite horribly done as there is no promotion, not enough time, etc. Maybe this indicates that it is no exit strategy but rather a long term strategy without concern for the short term windfall it could have been.
As far as how the 150,000 BTCH is spent, I will be listening to what the core team needs and also the community. I have also personally pledged 10,000 HUSH for development bounties.
another reason why I like BTCH is the removal of the needless 150GB per BTC fork that is happening. With barterDEX supporting as many proper bitcoin forks as possible, 150GB+ for each is just a lot of space that the SPV servers will need. My hope is that other forks will look to BTCH on how to not require 150GB (and growing) bloat from the bitcoin blockchain.
