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Title: Whats do developers winn with altcoins with no premine? Post by: loicatraile on March 26, 2014, 08:05:53 PM Hi! somebody that can answer my question?
Title: Re: Whats do developers winn with altcoins with no premine? Post by: btcltcdigger on March 26, 2014, 09:10:39 PM Hi! somebody that can answer my question? Good coin with a future. This! Not every "dev" wants to pump and dump. Title: Re: Whats do developers winn with altcoins with no premine? Post by: shtako on March 26, 2014, 09:14:33 PM You don't want the bad publicity that the premine is. So instead of premine you design the coin so you can get an massive instamine.
Take darkcoin as an example. There is no premine. But the block rewards decline very fast, starting with 500 and already down to 20 in just over 2 months. If it had been fair the block size would have been constant at 20. But because of the design there is now mined 3,821,814 coins instead of 809,800. So there you got. 3 million coins instamined for the devs/early adopters, and they can advertise without lying that the coin had 0 premine. |