I am a bit puzzled by this coin. Especially considering 8 million pre-mined coins, this coin might be headed for a rough crash. At the current rate, the eight million pre-mined coins are worth 40 million dollars which would be available to three or four people who have "slightly" modified monero's code base. If they cash in at block height 140000, SUMOKOIN may crash.
Hi,
Concerning premine, let's consider this:
- If Satoshi Nakamoto had access to his wallet, he would have 10% of all BTCs currently available.
- I'll compare also to zCash: each block mined provides 20% of the reward to the devs. Technically, they have 20% of all coins.
So if used wisely, a premine is not that an issue. This said, it's always a matter of trust... as in any monetary exchange.
- But 1M/21M x 100 = 4.76%; not 10% of the total coin supply. Even if it is, do you not think he/they (Satoshi Nakamoto) deserve it for the invention/innovation? That said, we can be assured that he/they have access to/control of the wallet but I don't think there has been any transaction from it to date. He/they shared their invention to the world because of his/their ideal of a sound money as his/their message in the genesis block indicated (and the timing of its release). So far, he/they are sticking to it (no activity from that wallet to date). That shows good character/true grit and is/are sticking to his/their ideal. He/they now better.
- Again, Sumokoin should cease comparing itself to other scamcoins if it wants to be taken seriously. A kid looking up to and have a gangster for a role model and therefore aspiring to be one when he grows up doesn't sound very acceptable, does it?
https://bitcointalksearch.org/topic/m.27185839
. Im sure your making good profit off it. probably buying in no doubt 
.. seems some kid is on fud mode again ? 
. It´s gonna be a very good year in here...holding since 0.3$. we are still so small that i just see empty space to fill... come one sumoo, fill the space, we are just a small dot in the space.. fill the space sumo
