Instead of premine, a small transaction fee (really small!) should go to the developer.
This is much better than premining as:
1) dev will continue to support the coin
2) dev cannot dump
3) address can be changed by vote with a fork
Topic: My Critiertia to mine a new ALT coin (Read 880 times)
1. pump
2. dump
neatly sums up the last 30 days of this forum 2. dump
Premine is good for coins. Or coin will die in 1 week.
Why?Why cant a dev focus on assets surrounding a coin aswell as the coin itself BEFORE launching it? Why can no-one seemingly invest time to try create a few fun games and some original content to use with their own coin to give it some actual value?
If they made things worth mining, and made actual usuable assets and facilities for their own 20minute coin creation they would likely receive a ton of donations to profit that way alongside still being there to mine their own coin on minute #1. The services they launched alongside their coin would make it unique enough to create a buzz and provide more potential.
I find the acceptance of premining unbelievable - its like you've all be brainwashed. Ive built websites for 15 years, and if i sat there and thought 'whats in it for me' before i started anything id never have created any sort of website, app or js game.
Because people are greedy and covetous. All of them want only pump and dump coins. They don't care about any specs, just pump and dump. Premine may protect coin in difficult situations and give a coin long run.
As I can see from your opinion: "Dev should...", "they should...", a lot of "if's"... Noone want do anything all people think that someone else should that for them. Premine gives motivation, gives back up and keeps coin afloat if smth goes wrong.
Premine is good for coins. Or coin will die in 1 week.
I partially agree with you, premine is good if the coin has strong dev support. Otherwise premine will end up as pump & dump scheme.
In my opinion, coin will not die if it has some innovation.
Premine is good for coins. Or coin will die in 1 week.
Why?Why cant a dev focus on assets surrounding a coin aswell as the coin itself BEFORE launching it? Why can no-one seemingly invest time to try create a few fun games and some original content to use with their own coin to give it some actual value?
If they made things worth mining, and made actual usuable assets and facilities for their own 20minute coin creation they would likely receive a ton of donations to profit that way alongside still being there to mine their own coin on minute #1. The services they launched alongside their coin would make it unique enough to create a buzz and provide more potential.
I find the acceptance of premining unbelievable - its like you've all be brainwashed. Ive built websites for 15 years, and if i sat there and thought 'whats in it for me' before i started anything id never have created any sort of website, app or js game.
1. pump
2. dump
neatly sums up the last 30 days of this forum 2. dump
Premine is good for coins. Or coin will die in 1 week.
1. pump
2. dump
2. dump
1. Mine for 2 hour at launch and mine as much as I can
2. Wait for the first exchange to accept it and dump at any price
I like BTC better
2. Wait for the first exchange to accept it and dump at any price
I like BTC better
With the launch of CoinGen ( https://bitcointalksearch.org/topic/get-ready-for-100-new-shitcoins-a-day-396761 ), your 2 hour mined coins may never hit the exchanges
Until now they all did and I happily dumped the shit, with profits up to 2 days mining
I guess it's still worth trying to understand what's the "choice of the day" and spend some time on it
1. Mine for 2 hour at launch and mine as much as I can
2. Wait for the first exchange to accept it and dump at any price
I like BTC better
2. Wait for the first exchange to accept it and dump at any price
I like BTC better
With the launch of CoinGen ( https://bitcointalksearch.org/topic/get-ready-for-100-new-shitcoins-a-day-396761 ), your 2 hour mined coins may never hit the exchanges
1. Mine for 2 hour at launch and mine as much as I can
2. Wait for the first exchange to accept it and dump at any price
I like BTC better
2. Wait for the first exchange to accept it and dump at any price
I like BTC better
Quote
4 - impossible - no motivation
If the coin has potential, then it will definitely survive.
1. Backed up by strong dev team (preferably if they can quote their past open source work)
2. No fancy photoshop stuff
3. Includes some novelty
4. No premining
5. Scrypt based coin
6. Clear description of roadmap
7. Shielding from pump & dump
What's your criteria ?
2. No fancy photoshop stuff
3. Includes some novelty
4. No premining
5. Scrypt based coin
6. Clear description of roadmap
7. Shielding from pump & dump
What's your criteria ?
1 - OK
2 - OK
3 - OK
4 - impossible - no motivation
5 - stupid - the innovation may be another algoritm than oh 1000th scrypt clone
6 - PR roadmap blabla = not necessary
7 - impossible
1. Backed up by strong dev team (preferably if they can quote their past open source work)
2. No fancy photoshop stuff
3. Includes some novelty
4. No premining
5. Scrypt based coin
6. Clear description of roadmap
7. Shielding from pump & dump
What's your criteria ?
2. No fancy photoshop stuff
3. Includes some novelty
4. No premining
5. Scrypt based coin
6. Clear description of roadmap
7. Shielding from pump & dump
What's your criteria ?
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