Hey sorry if this is a stupid question, but I'm a bit confused regarding Digibyte having a pre-mine, and announcing it as if it is a positive feature?
Yes it's positive.
Okay haha, would you mind telling me why? I'm just curious.
The premine was for giveaways and the Devs, 50/50. Don't mind the short, weird replis you get, there is a nice mix of kids and adults here as I've experienced.
But doesn't that inflate the currency? Pretty sure that's bad :^)
I don't know about that, but the bad thing about premine is that people can claim it was premined to support the devs (get rich quick scheme). Without premine that issue is non-existent. As long as the Devs sit on premined coins there is no getting away from this. It happened with a lot of coins prior to the "crypto trend" we see today and I am sure it will happen again. That is why the common consensus was; "absolutely no premine under any circumstances". The days where people cared about premine is long gone though.
Before anyone hates me - the above is why people don't like premine, it is not my opinion.
This is my opinion; I do not think the premine will be an issue here, as everything is transparent. At least it hasn't been an issue so far. The Devs could sell it all as soon as the coin hits an exchange, but the Digi-team seems to be for real. It boils down to trust basically.
Yeah sounds good and all but if you understood basic economy you would know that pre-mine is literally printing free money. That causes the currency to lose value.
