[ANN]BitMiles (BTMi) Launched - First Cryptogenic Frequent-Flyer Miles - page 7.

danielb1983

newbie

Activity: 10

Merit: 0

Quote from: Scooby903 on December 25, 2014, 07:46:17 PM

Quote from: siameze on December 25, 2014, 06:26:27 PM

Quote

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

Yeah, but that is tiny! I've mined 500k myself in just a few days. Hardly obnoxious and they have already been paying out for bounties. I really don't see the issue Huh

It is a very tiny bit. They have destroyed the majority of the primed coins and using the remaing small tiny bit that left for hosting, giveaways, etc... see no issue here. Please close this topic as it's no point to drag it anymore.

Scooby903

hero member

Activity: 896

Merit: 500

Quote from: siameze on December 25, 2014, 06:26:27 PM

Quote

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

Yeah, but that is tiny! I've mined 500k myself in just a few days. Hardly obnoxious and they have already been paying out for bounties. I really don't see the issue Huh

Normandoyle

full member

Activity: 154

Merit: 100

meow

Picked up a few on Bittrex

siameze

legendary

Activity: 1064

Merit: 1000

Quote

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

br0ken

full member

Activity: 462

Merit: 102

From the BitMiles team - we would like to wish all our community members a very merry xmas and a season of blessings from above ! Happy mining

br0ken

full member

Activity: 462

Merit: 102

Hi guys,

PLEASE NOTE : BitMiles post-launch giveaway (Round 2) will be ending on Friday, 26 December 2014, 22:00:00 MST so make sure you get your hands on some BitMiles (BTMi) before then. And, don't forget to share us with your friends !

See http://goo.gl/tpddzf

Regards

br0ken

full member

Activity: 462

Merit: 102

Ps.

if you would like to score yourself some BitMiles (BTMi) - then don't forget to have a look at our bounty program (found here: http://goo.gl/hKWpbc). We are currently looking for assistance with the following (generous rewards will be given):

Tipping Bots

IRC Tip Bot – 25,000 BTMi
Reddit Tip Bot – 25,000 BTMi Thanks @datadev
Twitter Tip Bot – 25,000 BTMi

Wallets

Mac OS X Wallet – 35,000 BTMi
Android Wallet/mobile – 45,000 BTMi

Explorers

Block Explorers - 3000 BTMi * * *

Faucets & Pools

Contact Us

Social Media

Facebook Page Cover - 5000 BTMi

If you have something awesome (not listed here) that you could offer BitMiles (such as marketing and website revamp), please get in touch. We would love to hear from you !

This is '1st come 1st paid' basis. The 1st to complete a bounty (successfully) will receive the bounty. Bounty completion submissions can be made directly to this thread.

We also have a Branding Pack competition running in which you could win yourself 100,000 BitMiles (BTMi) !!! See details here: http://goo.gl/kEWCJB

br0ken

full member

Activity: 462

Merit: 102

kozmos

sr. member

Activity: 381

Merit: 250

Scooby903

hero member

Activity: 896

Merit: 500

Quote from: siameze on December 24, 2014, 07:40:34 PM

Quote from: earlz on December 14, 2014, 12:09:42 AM

bitmiles https://bitcointalksearch.org/topic/annbitmiles-btmi-launched-first-cryptogenic-frequent-flyer-miles-892298

Heritage: LTC 0.6.9ish, piggycoin template(https://github.com/piggycoin/piggycoin)

Problems:

* EXTREME: Premine is extremely excessive and will be more than the network will mint for over 2 years
** The premine being expressed as a percentage of the supply is deceiving, given that the full supply takes decades to mint
** See https://gist.github.com/Earlz/de3cc5f6ee85c7a69d53 to properly destroy a portion of this excessive premine

* MODERATE: genesis seed is not a news event

Notes:

Watermarks: uint64, pow, unknown

I jumped off this flight as soon as I saw the premine, but I did love your gist there earlz

The dev destroyed most of the premine already... Huh

siameze

legendary

Activity: 1064

Merit: 1000

Quote from: earlz on December 14, 2014, 12:09:42 AM

bitmiles https://bitcointalksearch.org/topic/annbitmiles-btmi-launched-first-cryptogenic-frequent-flyer-miles-892298

Heritage: LTC 0.6.9ish, piggycoin template(https://github.com/piggycoin/piggycoin)

Problems:

* EXTREME: Premine is extremely excessive and will be more than the network will mint for over 2 years
** The premine being expressed as a percentage of the supply is deceiving, given that the full supply takes decades to mint
** See https://gist.github.com/Earlz/de3cc5f6ee85c7a69d53 to properly destroy a portion of this excessive premine

* MODERATE: genesis seed is not a news event

Notes:

Watermarks: uint64, pow, unknown

I jumped off this flight as soon as I saw the premine, but I did love your gist there earlz

siampumpkin

sr. member

Activity: 420

Merit: 260

Quote from: danielb1983 on December 24, 2014, 06:29:47 AM

hahaha price so cheap! Shocked

i have been buying for the last 2 days! Roll Eyes

This coin has a very nice potential and it's concept is great!!!!!

Have a Merry Xmas everyone!

Fully agree. Maybe If I can get a payment out of LTC Gear I can buy some. LOL

danielb1983

newbie

Activity: 10

Merit: 0

hahaha price so cheap! Shocked

i have been buying for the last 2 days! Roll Eyes

This coin has a very nice potential and it's concept is great!!!!!

Have a Merry Xmas everyone!

siampumpkin

sr. member

Activity: 420

Merit: 260

Congrats. Lets hope it continues to see success and gets airline adoption.

Scooby903

hero member

Activity: 896

Merit: 500

Quote from: br0ken on December 24, 2014, 12:28:58 AM

Network hashrate standing on 4.2GH

Nice!

Been getting crazy over on C-Cex!

Hope you guys have been getting in Cheesy

br0ken

full member

Activity: 462

Merit: 102

Network hashrate standing on 4.2GH

jimlite

legendary

Activity: 1848

Merit: 1018

Wow, impressed getting Bittrex already.

br0ken

full member

Activity: 462

Merit: 102

Hi Guys

BitMiles needs a branding pack ! Are you creative enough to score yourself 100, 000 BTMi ? Competition here: https://bitcointalksearch.org/topic/bounty-branding-pack-competition-for-bitmiles-200000-btmi-up-for-grabs-903549

Enjoy !

br0ken

full member

Activity: 462

Merit: 102

Need some BTMi ? We need a block explorer (and a few other things). Score some generous BitMiles for helping us. See our bounty program here : http://goo.gl/bLmOJU to see what all we need. Thanks

Scooby903

hero member

Activity: 896

Merit: 500

Kinda wish I had a couple more days to mine before people started jumping on...I was loving that difficulty of 8 Roll Eyes

Topic: [ANN]BitMiles (BTMi) Launched - First Cryptogenic Frequent-Flyer Miles - page 7. (Read 49488 times)