Topic: Do you think 100% pre-mine coins are good?? (Read 2023 times)

NEM for instance has 3000 stakeholders. Taint analysis was used to remove hundreds of sockpuppets and the large scale diminishes any return from sockpuppets.

That I find hard to believe, communitycoin tried to distribute to just 1000 geniune and found that hard to do and reduced it the 500 and checks showed that only like 300 odd where proper users etc so I fond 3000 individuals in these parts hard to believe.

NxT had 20,000+ addresses when NEM was announced NEM was new code based on a proven (but distribution flawed) concept. Probably a good half or more of thread 1 for NEM were NxT holders like me?

Communitycoin on the other hand has no prior base to attract, has an unappealing unprofessional name and a complicated IPO for what could be worthless coins.

Sockpuppets are more common for obscure coins.

The fairest distribution method for PoS coins is selling the currency. If you give the coins away for free it is impossible to eliminate multiple stakes.

The only reason people don't like this distribution model is because they aren't getting something for free.

fast2fix

legendary

Activity: 1612

Merit: 1001

Well there are already 6+ 100% pre-mine shit coins.STOP supporting them.There's no way any coin has been distributed fairly!! How would you know if dev's have their alt accounts and sent them the coins which they'll dump it later?

Nxtblg

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Activity: 924

Merit: 1000

Quote from: sienna on April 17, 2014, 09:22:16 AM

NEM for instance has 3000 stakeholders. Taint analysis was used to remove hundreds of sockpuppets and the large scale diminishes any return from sockpuppets.

That I find hard to believe, communitycoin tried to distribute to just 1000 geniune and found that hard to do and reduced it the 500 and checks showed that only like 300 odd where proper users etc so I fond 3000 individuals in these parts hard to believe.

Then you're well-prepared for the coming trollstorm. Grin

MashRinx

sr. member

Activity: 389

Merit: 250

Communitycoin seems to be the fairest distribution so far, and will prove to be far from 'worthless' as you put it. As per OP 100% premine is fine as long as there's an honest and fair distribution.

And you prove this honest and fair distribution how, exactly?

bitdraw

hero member

Activity: 504

Merit: 500

a real but utopia way of distribution would be to create 1 stake for every human on earth, and "somehow" by some mysterious
method manage to give 1 coin to each one.

the coins that are not claimed stay in frozen state until they are claimed.

so everyone starts at the same amount...

as i said, kinda utopia

lucky88888

sr. member

Activity: 404

Merit: 250

https://nxtforum.org/

it can be the best way if you have honest devs
comm looks like a very good example so far.

even for nxt, the initial distribution wasn't so good, but the development is amazing and has huge potential for everything we wanted.

in the end if it can take off and take over the current system, then i don't mind if a few early adopters got rich.
i really want to see our world evolving with technology, it is obvious that our current system will not sustain for ever, think outside of greed.
that's why i put so much in nxt even if it didn't have the best first impression.

sienna

member

Activity: 74

Merit: 10

Quote from: TaunSew on April 17, 2014, 08:26:51 AM

Quote from: TaunSew on April 17, 2014, 08:26:51 AM

NEM for instance has 3000 stakeholders. Taint analysis was used to remove hundreds of sockpuppets and the large scale diminishes any return from sockpuppets.

That I find hard to believe, communitycoin tried to distribute to just 1000 geniune and found that hard to do and reduced it the 500 and checks showed that only like 300 odd where proper users etc so I fond 3000 individuals in these parts hard to believe.

NxT had 20,000+ addresses when NEM was announced NEM was new code based on a proven (but distribution flawed) concept. Probably a good half or more of thread 1 for NEM were NxT holders like me?

Communitycoin on the other hand has no prior base to attract, has an unappealing unprofessional name and a complicated IPO for what could be worthless coins.

Sockpuppets are more common for obscure coins.

Communitycoin seems to be the fairest distribution so far, and will prove to be far from 'worthless' as you put it. As per OP 100% premine is fine as long as there's an honest and fair distribution.

kelsey

legendary

Activity: 1876

Merit: 1000

NEM for instance has 3000 stakeholders. Taint analysis was used to remove hundreds of sockpuppets and the large scale diminishes any return from sockpuppets.

That I find hard to believe, communitycoin tried to distribute to just 1000 geniune and found that hard to do and reduced it the 500 and checks showed that only like 300 odd where proper users etc so I fond 3000 individuals in these parts hard to believe.

NxT had 20,000+ addresses when NEM was announced. NEM was new code based on a proven (but distribution flawed) concept.

Communitycoin on the other hand has no prior base to attract, has an unappealing unprofessional name and a complicated IPO for what could be worthless coins.

Sockpuppets are more common for obscure coins.

Yes but those complications in communitycoin prevented cheating which is why such a limited number qualified, seems if you prevent multi nicks few can get, therefore multi nicks in other coins seem likely to be extremely common and outweigh genuine individual holders.

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: DiamondCardz on April 17, 2014, 07:51:47 AM

NEM for instance has 3000 stakeholders. Taint analysis was used to remove hundreds of sockpuppets and the large scale diminishes any return from sockpuppets.

That I find hard to believe, communitycoin tried to distribute to just 1000 geniune and found that hard to do and reduced it the 500 and checks showed that only like 300 odd where proper users etc so I fond 3000 individuals in these parts hard to believe.

NxT had 20,000+ addresses when NEM was announced NEM was new code based on a proven (but distribution flawed) concept. Probably a good half or more of thread 1 for NEM were NxT holders like me?

Communitycoin on the other hand has no prior base to attract, has an unappealing unprofessional name and a complicated IPO for what could be worthless coins.

Sockpuppets are more common for obscure coins.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: pandher on April 17, 2014, 07:33:11 AM

Quote from: DiamondCardz on April 17, 2014, 07:29:32 AM

Satoshi mined close to a million bitcoins in early days. Today that early mining is known as Instamine

So Bitcoin=Instamined

100% premined POS coin givenaway to people is the way to go. No precious electricity wasted for mining coins and no carbon footprint, and it is actually the most fair way to distribute coins. It also gives interest on total coins you hold.

Don't believe anyone who denies this

Coin2 did just the same - https://bitcointalksearch.org/topic/annc21-coin2-powpos-chainofconflictfps-the-future-of-gaming-is-now-483847

Are you stupid...so the first 1000 or so to get in should control the entire currency? That's fair? You don't believe any counter-arguments, let me guess, because you're a holder in Coin2 and you got in before every one else, also because you're greedy as fuck and only care about making profit off of these 100% pre-mine coins?

Ehh, no, thanks, bye.

Do you even know how much of bitcoin the top 100 wallets are holding? Probably not, but you will know once a single wallet will try to liquidate and crash the whole market

So people bought a lot, yep. Bill Gates might hold a lot of a certain commodity or currency, you don't see them crashing. People aren't as stupid as you think. Similarly, do you know how much of Coin2 the first 1000 wallets held? 97.5%...

Yes in the stocks a few people owning most of a stock is viewed in a very positive light, its the sheep that normally panic not the big holders.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: pandher on April 17, 2014, 07:33:11 AM

NEM for instance has 3000 stakeholders. Taint analysis was used to remove hundreds of sockpuppets and the large scale diminishes any return from sockpuppets.

That I find hard to believe, communitycoin tried to distribute to just 1000 geniune and found that hard to do and reduced it the 500 and checks showed that only like 300 odd where proper users etc so I fond 3000 individuals in these parts hard to believe.

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Quote from: DiamondCardz on April 17, 2014, 07:29:32 AM

Quote from: DiamondCardz on April 17, 2014, 07:29:32 AM

Satoshi mined close to a million bitcoins in early days. Today that early mining is known as Instamine

So Bitcoin=Instamined

100% premined POS coin givenaway to people is the way to go. No precious electricity wasted for mining coins and no carbon footprint, and it is actually the most fair way to distribute coins. It also gives interest on total coins you hold.

Don't believe anyone who denies this

Coin2 did just the same - https://bitcointalksearch.org/topic/annc21-coin2-powpos-chainofconflictfps-the-future-of-gaming-is-now-483847

Are you stupid...so the first 1000 or so to get in should control the entire currency? That's fair? You don't believe any counter-arguments, let me guess, because you're a holder in Coin2 and you got in before every one else, also because you're greedy as fuck and only care about making profit off of these 100% pre-mine coins?

Ehh, no, thanks, bye.

Do you even know how much of bitcoin the top 100 wallets are holding? Probably not, but you will know once a single wallet will try to liquidate and crash the whole market

So people bought a lot, yep. Bill Gates might hold a lot of a certain commodity or currency, you don't see them crashing. People aren't as stupid as you think. Similarly, do you know how much of Coin2 the first 1000 wallets held? 97.5%...

pandher

legendary

Activity: 952

Merit: 1000

Stagnation is Death

Satoshi mined close to a million bitcoins in early days. Today that early mining is known as Instamine

So Bitcoin=Instamined

100% premined POS coin givenaway to people is the way to go. No precious electricity wasted for mining coins and no carbon footprint, and it is actually the most fair way to distribute coins. It also gives interest on total coins you hold.

Don't believe anyone who denies this

Coin2 did just the same - https://bitcointalksearch.org/topic/annc21-coin2-powpos-chainofconflictfps-the-future-of-gaming-is-now-483847

Are you stupid...so the first 1000 or so to get in should control the entire currency? That's fair? You don't believe any counter-arguments, let me guess, because you're a holder in Coin2 and you got in before every one else, also because you're greedy as fuck and only care about making profit off of these 100% pre-mine coins?

Ehh, no, thanks, bye.

Do you even know how much of bitcoin the top 100 wallets are holding? Probably not, but you will know once a single wallet will try to liquidate and crash the whole market

roslinpl

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Activity: 2212

Merit: 1199

poll should contain more options!

Good or bad? What's in the middle? My answer

DiamondCardz

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Activity: 1134

Merit: 1118