[PRE][ANN][66] ★Coin 66★ +!Extreme rare!+ +ONLY 66 COINS+ - page 35.

inuyasha

newbie

Activity: 46

Merit: 0

Quote from: Vickytor on January 25, 2014, 04:35:57 PM

The dev should have premined 0.66% or 0.66 coins and everybody would be a happy cruncher. Still I think it's a bit of a 42 coin rip-off.

.66% would be exactly as it should be

Definitely 42 ripoff (as well as 21coin probably which too is a ripoff 42

That doesn't matter AFAIK that much. It's how the dev promotes the coin, how the community reacts, how will it attract new people and services/games/pool ops and many many more details... I AM number's 42 fan if you know what I mean

But 66 might be more popular due to route 66 reference (just a thought) because apart from geeks and sci-fi fans (groups which probably overlap a lot:) not many people understand 42 jokes

See dogecoin, it is kinda stupid, but it sticks out of the plethora of altcoins in existence a lot!

Anyway ... it might be a long ride on 66

I am a bit suspicious of the premine, but only time will tell.

arakis2000

newbie

Activity: 11

Merit: 0

I need a wallet..

Vickytor

newbie

Activity: 17

Merit: 0

The dev should have premined 0.66% or 0.66 coins and everybody would be a happy cruncher. Still I think it's a bit of a 42 coin rip-off.

eduncan911

member

Activity: 101

Merit: 10

Miner / Engineer

Quote from: inuyasha on January 25, 2014, 04:25:58 PM

Quote from: eduncan911 on January 25, 2014, 04:20:02 PM

We were all newbies once. So...

Could someone explain "Pre-mine" to me? Lots of complaints about this coin's 4.54%, and other coins don't have one.

It means that when the miners starts mining, dev(s) will already have 4.54% of all coins to ever exist in their wallets. It could be used for promotions & payments for services and/or they could just dump it on exchange as soon as the coin gets on some echange driving the price down for a what might be a long time (if it ever recovers, but they usually do)...

dev(s) as in Developers? Wow, that does seem high.

If you think in terms of a business, it doesn't sound that high for the owners of the startup. But then again, those people usually are transparent about who they are and what roles they play in that startup. That type of transparency I think is needed for something like this, and then the "pre-mine" wouldn't seem so bad if it was, say, Bill Gates launching a coin with a 10% pre-mine. You know he won't dump it the first chance he gets.

Quote from: ?? on ??

Quote from: eduncan911 on January 25, 2014, 04:20:02 PM

We were all newbies once. So...

Could someone explain "Pre-mine" to me? Lots of complaints about this coin's 4.54%, and other coins don't have one.

#19 comment the reason

Thanks for the reasoning (it is for giveaways, promotions, etc).

But still, what's the guarantee that it's only for giveaways if we don't know who you are and who else is involved?

inuyasha

newbie

Activity: 46

Merit: 0

Quote from: eduncan911 on January 25, 2014, 04:20:02 PM

We were all newbies once. So...

Could someone explain "Pre-mine" to me? Lots of complaints about this coin's 4.54%, and other coins don't have one.

It means that when the miners start mining, dev(s) will already have 4.54% of all coins to ever exist in their wallets. It could be used for promotions & payments for services and/or they could just dump it on exchange as soon as the coin gets to some exchange driving the price down for a what might be a long time (if it ever recovers, but they usually do)...

So it's a matter of trust. The dev is a newbie, so no trust build here yet... He may be trustworthy or not... I do not say one way or the other as I cannot know.

inuyasha

newbie

Activity: 46

Merit: 0

Quote from: panteraforlife on January 25, 2014, 03:58:24 PM

With the amount of coins I would consider 1% to be a HUGE premine let alone 4.54%.

It really doesn't matter what the amount of coins is. 4.54% is 4.54%

eduncan911

member

Activity: 101

Merit: 10

Miner / Engineer

We were all newbies once. So...

Could someone explain "Pre-mine" to me? Lots of complaints about this coin's 4.54%, and other coins don't have one.

menzo

full member

Activity: 196

Merit: 100

CapriPay

We received a lot of e-mails and message from the start time... For all time zones the perfect start time a 17:00GMT

srs2xcvbnm

full member

Activity: 182

Merit: 100

Website anyone?
Fallstart?

overseer470

member

Activity: 162

Merit: 10

where the FUCK is the website?

pumpk1n

newbie

Activity: 31

Merit: 0

I'm in!

18pGFkGFKVgXBeu5qQeUAx8uDJ2ukAzz7m

panteraforlife

sr. member

Activity: 434

Merit: 250

With the amount of coins I would consider 1% to be a HUGE premine let alone 4.54%.

forgetme

full member

Activity: 210

Merit: 100

Cmon people, at least have one pool and a Win wallet...maybe a nice graphic and design?? mmmh at least...
This is a launch or a pre pre pre launch? Am I missing something?
Cool

josh_kaprun

newbie

Activity: 29

Merit: 0

Quote from: panteraforlife on January 25, 2014, 03:42:45 PM

Website available 25.01.2014 20:00 GMT

Where's this website then ?

My thoughts exactly.

morphtrust

sr. member

Activity: 259

Merit: 250

that is a lot of premine but lets see how much transparency there is to what they do with it. if they hold it and give to people for work, and not dump it when it hits an exchange we will be ok,

since the real question is if it will be dumped as soon as it hits a market ruining the coin for the short term for the first miners,

thing is if you do not mine coins and dump them right away, (pump and dump) then I think it will be ok for those who hold out for the market to stablize for a good coin. the fact that there are only 66 coins following the suit of 42 I guess is going to make them the second in the chain of new limited edition coins, so it will probably do as well as lite coin did compared to bitcoin, so do not expect 1000 bitcoin for a 66, like 42, but maybe 100 as a spike sounds possible. then dropping to about 20 to 50 btc per coin in value in a year or so.

panteraforlife

sr. member

Activity: 434

Merit: 250

Website available 25.01.2014 20:00 GMT

Where's this website then ?

DreadLord

member

Activity: 112

Merit: 10

Quote from: Chris180Z on January 25, 2014, 03:28:01 PM

Quote from: DreadLord on January 25, 2014, 03:24:23 PM

Quote from: Chris180Z on January 25, 2014, 03:19:24 PM

Quote from: DreadLord on January 25, 2014, 03:14:01 PM

Quote from: Chris180Z on January 25, 2014, 03:11:05 PM

Premine: 4.54%

Do any of you realise how astronomical this figure is for a currency?

Don't waste your time here then Huh

I don't waste my time. I post in threads like then to warn new members who may think this coin, and coins like this, are not scams.

That makes you the own of truth? Why should I believe in you? You can be scam as well Huh

I could be a scam? What am I trying to scam you of? Posting in a thread?

Also, what do you mean by believing me? The Dev said so himself/herself, "4.54% pre-mine". I merely highlighted that text so people can really think about it and try and soak in the truly astronomical figure that number really is.

Definitely you are not going to scam me, but you could some day....some how....Thank you good kind sir for high lightening that for us...I'll not feed you no more!!!

Yahdi

newbie

Activity: 34

Merit: 0

Count on me,..
I'll mining it...

MethMatician

full member

Activity: 151

Merit: 100

how much is the bounty for an offline wallet/paperwallet?

albertdros

hero member

Activity: 602

Merit: 500

reserved but premine is a lot

Topic: [PRE][ANN][66] ★Coin 66★ +!Extreme rare!+ +ONLY 66 COINS+ - page 35. (Read 38016 times)