I'm quite new to this space in terms of investing though I had been standing on the sideline and reading up for quite a while. I encounter many people that say that Dash is a scam because of its premine but i'm going to try and challenge that statement.
What is a premine? A coin that has been mined/collected trough work before anyone else had the chance to do so.
Why does it not matter?
Because you have tons of ICOs raising multimillions some even go as far as to raise 30 - 40 or 90 million without any work done at all. Just a speculative idea. And a personal observation is that most ICOs that actually have a working product or service raise way less than those who don't. So why are people not complaining about the ridiculous amounts of money that ICOs are raising when for example NXT did it with 25k or something.
Dash was premined, every projects needs funding some choose to go about it in a different way then the other. But the devs did deliver and its now a very popular coin/network.
So whats the big fuzz on premine? Most premines are still not even 10% of the average ICOs fundraisers. And both ICO as premined projects come with inherent risk where you can lose everything such as we have recently seen with Confido.
Let me know what you think!
Topic: Premine fuzz (Read 145 times)
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