Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: btcgolong on July 03, 2017, 12:55:28 PM



Title: How much is acceptable "pre-mining" for an altcoin, if any
Post by: btcgolong on July 03, 2017, 12:55:28 PM


Seems like many of these new alt coins are heavily pre-mined, what % (if any) do you think is "fair" for a new altcoin?



Of course we have ICO's happening as well...but that is a question for another thread.




Title: Re: How much is acceptable "pre-mining" for an altcoin, if any
Post by: HardFireMiner on July 03, 2017, 12:57:22 PM
If it is premined, it is scam, as simple as that. The more premine - the scammier the project.


Title: Re: How much is acceptable "pre-mining" for an altcoin, if any
Post by: brokedummy on July 03, 2017, 01:13:31 PM
up to 100%, more than that and I start getting suspicious!


Title: Re: How much is acceptable "pre-mining" for an altcoin, if any
Post by: bathrobehero on July 03, 2017, 02:47:35 PM
If it is premined, it is scam, as simple as that. The more premine - the scammier the project.

Exactly this.


Title: Re: How much is acceptable "pre-mining" for an altcoin, if any
Post by: Amalker on July 03, 2017, 07:29:02 PM
If it is premined, it is scam, as simple as that. The more premine - the scammier the project.
True.


Title: Re: How much is acceptable "pre-mining" for an altcoin, if any
Post by: Kabaisos on July 03, 2017, 07:42:29 PM
Depending :

-for ICO tokens, that is mandatorily 100% and that is normal for me.
-for regular crypto-currencies, 0%, even 0,01% is too big


Title: Re: How much is acceptable "pre-mining" for an altcoin, if any
Post by: chga on July 03, 2017, 09:26:51 PM
Depending :

-for ICO tokens, that is mandatorily 100% and that is normal for me.
-for regular crypto-currencies, 0%, even 0,01% is too big

Yes 100% is OK as long as the distribution is fair.


Title: Re: How much is acceptable "pre-mining" for an altcoin, if any
Post by: Ingramtg on July 03, 2017, 09:42:43 PM
if that is an ico , 100% pre-mining is no problem

but if the coin is a total new algo   that's can not tolerate any premine

i even remenber  some years ago there is a lot of QT coin  with X11  X12 X13 algo

the first thing when dev  post ann is checking if had pre-mine