Addressed where? it should be disclosed on the front page, period, end of discussion. This premine is fucking massive, it's 3/4 of the freaking existing coins!
I understand he needs capital to get the coin out there, what I don't understand is not disclosing this info to potential investors.
Am I wrong in just not caring?
I mean I can understand a shadowy dev creating a pump and dump scheme to run off with the cash which is where premines are a concern, but this is a currency created for and embraced by the porn industry. These companies are in the business to build lasting ventures and creating a "coin of the week" is not their concern, they want to build a profitable payment gateway that is easy for both them and customers. There isn't going to be "another" xxx coin, this is the one they chose so no matter what they will push it hard to be a profitable venture for them.
Also it is 3/4th of the coin NOW but by the time it will be mined out it will be less than 10% which is already distributed among the various adult companies and individuals, and no doubt most will be sold off cheap to the first customers who use Wankcoin. Very few complain about one guy, Satoshi having a million bitcoins so I see nothing wrong with 1.6 million coins being distributed among several adult industry insiders.
Like I said in an earlier thread, just think of it like buying stock in a company, all stocks are initially owned and created by the company itself and sold off to investors but no one complains the stock makes the company money along with outside investors.
