How to keep alive, support and build up coins and it´s community around without a premine
??
Can you explain this instad of bashing a coin you have nothing to do with ?
Never before seen such a responsible acting devteam than here !
Yes I can explain that.
First you need to read that link I posted though. Did you ? Ok.
If miners mine the coin in a fair way, i.e. as many as possible get a chance to mine it while the difficulty is low, it will be distributed more fairly. There will be more people holding smaller ammounts, as opposed to a few holding large ammounts.
This group of holders will have an interest in building a community just like an "insiders" group, and the price of the coin is likely to be more stable.
The thing with "insiders" ( in this cas that Russian forum and the coin devs ) is that they have a huge influence on the price of the coin. They got their coin super-cheap, so they are likely to dump a large ammount at the first sign of trouble. If the market dept of the coin is shallow ( and it usually is for a new coin ) it can't survive a large sell.
A crash in price kills young coins. All the people who bought after the instamine will be screwed by the "insiders". That's why a premine like that is unfair. People who have that much coin from just a day or two of mining have no right to take money from people who arrive just moments after launch.
"most of the premine was given away" Proof ? Also, how are they spread out ? Who has those adresses ?
A premine simply puts to much power and responsibility in to the hands of the person holding the wallet. Are you going to trust your money to someone you don't know ? It's a very bad idea ( trust me, I've been there
This coin smells like a scam. Don't take my word on it, read up on premines. They have a very solid track record of screwing the little guy.
Also this is not the first Russian coin. ( check out RUcoin )
National flavored coins are a gimmick.
