Once more before bed...We have accumulated over 20,000 EAC in our first day between pool donations and personal donations....this is going to be a GREAT effort by this community!
I want to thank EVERYONE who has contributed so far....
We STILL need some more HASHPOWER to get regular blocks...we hit 12 in the past 24 hours...not bad...but i know WE can do better!
http://eac.minebig.com 25% of all pool fees go to help less fortunate people eat.
think BIG....BE BIG.....MINE BIG!
why don't you ask the dev from some coins? Since what you're doing is a good cause, maybe that 270 million coin premined would come in handy.... I'm just saying.
if they do it, then only as a publicity move, but even then it would not make any sense...
bringing those premined coins into circulation is just utter insanity. what do you think they would do with those coins? sell them immediately.
thus dumping the price.
if the community donates, it it coins that would most likely have been sold anyway and it is real generosity and a real donation.
premined coins are neither. they are more or less quantitative easing. bringing them into circulation just devalues all coins.
it is INFLATION and will just devalue any real donations they get down the line.
at the end of the day, this helps no one.I see. Basically, the dev shouldn't even have premined it if nothing good is to come out of it. I'm not saying flooding the market with a bunch of those coins. I'm saying donating a reasonable amount to help the cause without hurting the overall economics of the coin. For example, maybe the dev team can match the donations given by the community. Since you've been able to get around 20k from donations. Surely, another 20k from the developers is not going to destroy the market.
You preminer whiners are killing me. Your argument is invalid because it's a slippery slope argument that eventually leads to a road where the developers of the coin no longer have any coin to sit on. If you were to create a product and pour all your time and soul into it, wouldn't you expect to see some profit off of it? I sure as hell would want to, so why is it wrong when the devs do it? Besides, it's not like they've been sitting on every single coin, there have been giveaways and bounties and ways to encourage growth.
The reality is, although they may be sitting on a pillar of coins that may lead to then being incredibly wealthy, I don't give a damn, and neither should anyone else. If they manage to create a coin that helps it's supporters see their fair share of what they've helped to build while changing the face of the goddamned planet, then hell, they deserve it. Please go bug Satoshi about his stock of premined Bitcoins that he's sitting on so he can ignore you, and stop wasting our time. The man's a billionaire, and here you are complaining about a 2% premine that the devs are sitting on for a coin worth $0.002 at the time of this posting.
