Some affected currencies: USD, CNY, EUR, JPY, GBP, ...
NOT ONLY are these coins significantly premined, but developers and hackers CONTINUE TO ISSUE THESE TOKENS IN PRIVATE.
I repeat, there is nothing at all to stop developers and hackers from issuing these tokens to themselves IN ANY QUANTITY AT ANY TIME.
And further, there is no way for us to know how many are thusly issued!!
Wow. Talk about scammy, eh? No other coin in this forum is such a blatant scam as that. But wait, it gets worse:
1) No transactions are ever publicly confirmed! That's right, there is no public transaction record. Block time is effectively infinity.
2) Significant association of these currencies exists with criminality of all the worst types from pedophilia to terrorism
3) Completely unregulated money supply, no public oversight is possible.
4) Proceeds from the private issuance of these tokens and selling them to unsuspecting public has been used in the most
atrocious and wasteful activities in history from massive environmental destruction to warfare.
Be advised: participation in such a scam as this is unlikely to be forgiven. Spread the word and be vigilant to avoid any contact with these tokens.
such true words