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Topic: Don't be fooled by minor premines - page 2. (Read 1568 times)

jr. member
Activity: 42
Merit: 1
January 17, 2014, 12:11:20 PM
#6
full member
Activity: 210
Merit: 100
January 16, 2014, 03:14:11 PM
#5
Seriously is NETCOIN the only legitimate coin out there? Im really looking to diversify my coins but the more I look the more I gravitate back to NETCOIN. Tons and tons of scammers out there. Even 1 coin premined is a scam to me. I dont care how good the coin is. Actually there IS NOT good coin, the only difference is the premine.

VTC https://bitcointalksearch.org/topic/vertcoin-first-scrypt-n-first-stealth-address-privacy-without-mixer-404364 is not only completely non-premined (the dev mined 3 _normal sized_ blocks for testing before release), but is also not a scrypt clone. It's multipool and ASIC resistant. I've been banging the drum for it even though I'm nothing to do with the dev, but people seem to prefer premined clone crap.
sr. member
Activity: 266
Merit: 250
January 16, 2014, 03:11:57 PM
#4
So what do we learn from that?

Buy non premined ones like netcoins.

Seriously is NETCOIN the only legitimate coin out there? Im really looking to diversify my coins but the more I look the more I gravitate back to NETCOIN. Tons and tons of scammers out there. Even 1 coin premined is a scam to me. I dont care how good the coin is. Actually there IS NOT good coin, the only difference is the premine.
hero member
Activity: 517
Merit: 502
January 16, 2014, 03:04:02 PM
#3
So what do we learn from that?

Buy non premined ones like netcoins.
full member
Activity: 210
Merit: 100
January 16, 2014, 02:58:23 PM
#2
your post gave me a cancer
jr. member
Activity: 42
Merit: 1
January 16, 2014, 02:50:49 PM
#1
A lot of new coins often have 1% or 2% premine. Pretty small, right? Well, no, not really. Altcoin scams only last for around weeks to a month, lets use EAC as an example. EAC has 775,000,000 coins mined so far from 13,500,000,000. This is just 5% of the total coins! Ok, now, Earthcoin has a 2% premine, therefore, they have a 40% premine right now.

Please do some maths and don't be fooled.

Thanks.
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