I'm trying to understand how a 300,000,000 coin premine can be called a "1% premine" - maybe it's already been discussed (don't have time to go all the way back through) but that's just a straight-up lie. 300,000,000 coins was a 6% premine because a premine is based on total PoW coins. Obviously all of the premined coins received PoS also so it's just pure deception to base the premine percentage on the total number of PoS+PoW coins. I'm so sick of fraud devs getting away with this because nobody bothers to actually do the math. The premine on PoS coins is reported wrong almost every single time and they all end up crashing and burning, as expected, with everybody except for the devs getting screwed. The effective premine was 6x larger than what was claimed!
Obviously this is just another scamcoin and I'm sure everybody realizes it by now but just in case this wasn't clear the dev is a straight-up liar and a fraud. At this point it's safe to assume that every single PoS coin released is a scam until proven otherwise with evidence. When in doubt, just assume it's a scam - you aren't going to be missing out on anything important and you will save yourself a lot of time.
No legitimate developer would ever premine 6% of all PoW coins that will ever exist and then claim it was a 1% premine.
here we go... what you get with mintpal is low price and more trolls (who was stupid enough to paid several btc for that ?)Obviously this is just another scamcoin and I'm sure everybody realizes it by now but just in case this wasn't clear the dev is a straight-up liar and a fraud. At this point it's safe to assume that every single PoS coin released is a scam until proven otherwise with evidence. When in doubt, just assume it's a scam - you aren't going to be missing out on anything important and you will save yourself a lot of time.
No legitimate developer would ever premine 6% of all PoW coins that will ever exist and then claim it was a 1% premine.
Wait... I'm a troll because I pointed out the dev is lying about the premine? It was a 6% premine and he lists it as 1%. Is this another thread full of idiots who get pissed off if anybody says something factual? This is pretty easy to figure out. The premine was 6x higher than he claimed - that's a major problem. This thing is dead anyway but come on guys - learn some basic math.
(actually he could have been more generous in terms of bounties... )
Actually you are a troll, because on your first post you use the term of scam (dead coin on the second... ).
Indeed. He'd have dumped that day we hit 88 sats.
