Here is something that's been bothering me since the 12 million premine was announced, and I don't seem to find a definitive answer to this:
7.2 million coins (60% of the premine) are distributed to Hashpoint customers. That leaves 4.8 million to "investors". But the Prime controllers need to be funded with at least 50% of all coins in existence, i.e. ~6.17 million. 6.17 - 4.8 = 1.37 million - where are those remaining coins coming from? Is GAW borrowing from customers to fund their Prime Controllers? How were they able to do that even before the customers started putting coins into HashStakers? The only feasible alternative is that GAW bought 1.37 million coins on an exchange, but I don't see anywhere near that kind of volume having been transacted before noon yesterday (when the hardcoded Prime wallets were deployed). And it looks like Prime wallets were funded directly from premine anyway, not from an exchange. Any ideas?
7.2 million coins (60% of the premine) are distributed to Hashpoint customers. That leaves 4.8 million to "investors". But the Prime controllers need to be funded with at least 50% of all coins in existence, i.e. ~6.17 million. 6.17 - 4.8 = 1.37 million - where are those remaining coins coming from? Is GAW borrowing from customers to fund their Prime Controllers? How were they able to do that even before the customers started putting coins into HashStakers? The only feasible alternative is that GAW bought 1.37 million coins on an exchange, but I don't see anywhere near that kind of volume having been transacted before noon yesterday (when the hardcoded Prime wallets were deployed). And it looks like Prime wallets were funded directly from premine anyway, not from an exchange. Any ideas?
Hash point customers will fund the prime controllers hence keeping a support for price
to the moon baby~~
