Topic: Ridiculously premined alt coins - page 5. (Read 6590 times)

stupid concept anyway, you can't make a coin when almost all of them are mined in 6 months

there should be a coin that don't reward hash increase based on ip address, with proxy checker(to avoid tor or other shit)

shitcoins, glad someone expose them

Incorrect You can accuse it of instamine but not premine....then again you can accuse 90% of coins as instamine.

Anyone crying specifically about qrk missed the qrk rocket simple as that. Great coin big future. I sold then grabbed some back. Worst mistake was selling it out low.
when it hits dollar parity then people will cry more like with btc and ltc.

Yeah, not worth much but the coin is not a scam.

Orb is the worst for premine.

best premined for sure lol

Hm okay. I suppose I just stopped paying attention after following it for the first few days, when it was still in disaster mode.

Looks like I still have 1.3 million of them, which is...Half a litecoin worth. Hey, not bad!

NXT - 100% premine.
And no problem - everybody want to buy that coins ))

Possibly true, however the coin code seems quite good now it has had a LOT of work put into it.  I've got to say they have shown dedication to the project and have come back time and time again. They have a ledger and only about 1bill of the premine remains which is not worth a lot in real terms.

ORB is the king of all premines.

QUARK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I have no idea why AndroidTokens caught on. That coin is such a disaster. Every post by the Dev in the main thread makes it sound like the guy is 12 years old.

wow, incredible

there are also many zero-premined coins there, such as ZEU. I'd not mine heavily premined ones, which simply give donations to the dev.

I remember when Elephantcoin (ELP) was launched, people bashed it for having premined 0.4%. But now I found the recent launched coins become ridiculous in premining, often hiding it under some obscure and nice names, such as donations, bounty or even tax. And strangely enough, I don't see a lot bashing or trolling on these coins, which I think would go to trash can, what leads me to believe is that many of the trolling in this forum are controlled by certain people.

Let me give two examples:

1. ADT, Androids Tokens:
https://bitcointalksearch.org/topic/androidstokens-adt-proof-of-stake-coin-66-billion-trade-on-cryptsy-276884

in the thread it is said that 2% premine, which is already huge, but if you look at the blockexplorer, Block 1 has 3.6 billion coins, a whopping 5% (3.6/66) premine!
http://androidstokens.kicks-ass.net/block_crawler.php?transaction=f43c8979d3052ffd43d79f4634786cf370e4537dad26c499e8ef2369bf479327


2. GLB, Globe - the recent launched one
https://bitcointalksearch.org/topic/ann-glbglobe-one-currency-for-one-globe-polished-and-ready-for-action-360255

takes 20% "tax", lmao, tax... really makes me laugh...

all I can say is that the dev of alt coins become desperate, they just try to get max possible out of the coins they made, and try to fool people under a nice name.

Same thing was seen before, for coins like Stablecoin, Argentum etc, with nice writings, nice websites etc, under which if you look carefully you find huge premines. What surprise is that this now becomes public, and there's no problem to declare 2% or 20%.

This is sad. I am ok for a little premine (ie less than 1%), anyway we should not expect free work from dev. But 5%? 20%?? this really gets me, anyway I never mine coins like this. The world is big, haha.