God damn it, I didn't read the 5% premine at first. I guess I lost my money
How am I sure that they all give it away? And did they already do that?
5% of 109 billion is 5.45 billion coins which at this price (5 satoshi) is 272.5 BTC which is just too much for a premine.
It's states on their web site at
http://www.reddcoin.com:
Reddcoin will be 5% premine and the full amount will be distributed to IPCO (Initial Public Coin Offering) investors. From a total of 109 billion coins, 5.45 billion will be available to IPCO investors. To make sure we don’t crash the market by releasing all those coins at the same time, we will distribute them to investors during a period of 90 days.You can see the live tally results of the IPCO at
http://www.reddcoin.com/ipo-result/The only issue some may have is that they might run away with the BTC, but that is a chance you have to take, but personally, I have seen nothing out of the ordinary in this launch and with how the devs have handled the community.
All cryptos are a gamble in the hopes that the future per BTC price will be higher than when you first invest, so if you don't like the premine, the IPCO, or the IPCO return to investors, then perhaps this one isn't for you. Best of luck in finding stable, fair, zero premine money somewhere else.. I doubt it exists on this planet though
Maybe in a perfect Star Trek world somewhere else though.
Is that how you treat people who are trying to support you ?