well..
0.5% premine
then look at block reward and think that "someone" mined the first ~50+ blocks before the ANN.
not 0.5% anymore
Fair launch is when the first blocks have a reward of 1 coin or something so that everyone can get on the train before it leaves.. this is just stupidity - yet people jump on it for some reason.
Then again, maybe this was never intended to be a fair launch.. the block rewards suggest otherwise.
ok lets say, he mined 50 blocks that would make it 6.25million. that is still nothing compared to the rest of 293.75million coins available to us. people can make their mind up, but way is only up, first poloniex and then mintpal and then 10k satoshi
I think talking like this doesnt help the coin at all, you do not know where the price will be, if it will be 1k-2k or w/e. If ppl are interested in the coin and believe in it they will buy and if it would happen to come up to 10k at one point then too bad for those who didnt buy.
I don't care if it helps the coin or not, its the truth and anyone buying these coins should know that the premine is much higher than the 0.5% OP said
My post wasnt directed to you, I agree that the truth should be told.
im still not fully convinced, but my point is look at how much is it. not enough compared to others, plus when volume is so high, 6.25million is nothing. member on here own about 50% of that, look at black coin wallets,