Ok I have watched this permined convo go on too long without speaking up.. registered finally...
If you do it this way then all of the coins that are sitting in wallets will not be counted. That means they hold value only after you say they have moved enough hands.
Freshly mined or premined a coin is a coin and holds the same value as the ones in your wallet. Market cap should be looked at more as if all production of the coin where to stop at that very moment, how many coins exist and at what price.
I'm all for making sure that everyone is informed and brining attention to permined coins but, This is not the way. The disclaimer was enough to let people know that a large volume was not being exchanged. But to say those coin dont hold the same value is not ture.
If you do it this way then all of the coins that are sitting in wallets will not be counted. That means they hold value only after you say they have moved enough hands.
Freshly mined or premined a coin is a coin and holds the same value as the ones in your wallet. Market cap should be looked at more as if all production of the coin where to stop at that very moment, how many coins exist and at what price.
I'm all for making sure that everyone is informed and brining attention to permined coins but, This is not the way. The disclaimer was enough to let people know that a large volume was not being exchanged. But to say those coin dont hold the same value is not ture.
haha. Even you know that's total BS. That's why you didn't post it with your real account. Are you the NigeriaCoin dev?
On the 47% Coin Distribution Symmetry allocation, yes it's a premine. But, it's never going to hit the market, it will be destroyed via an automated script on an ultra secure private server behind a firewall and NAT. The coins will be destroyed on a regular basis and the burn address will be viewable from the block explorer. There are two benefits from this CDS block.
- 0% inflation due to proof of work mining.
- coinmarketcap is forced to calculate marketcap of NGC based on the entirety of the CDS block in addition to new coins, which gives this coin extra visibility.
It's getting ridiculous. There should be a filter not only for "Filter Non-Mineable" but also for "Filter Significantly Premined".