yes yes, after some big paragraphs in the announcement, it said "An amount (0.5% of total coins) has been created by us to act as the basis of" some non-exist service. It did not say premine, it did not say 1.25 million coins. It then give an innocent "fair launch" like this:
Block 0-90 0 coins
Block 90-180 1 coins
Block 180-270 2 coins
Block 270-360 3 coins
Block 360-450 6 coins
Block 450-540 8 coins
Block 540-630 12 coins
Block 630-720 15 coins
Block 720-810 18 coins
Block 810-900 22 coins
Block 900+ 25 coins
Clearly, it tries to hide the 1.25 million premine, most people would not read the big paragraphs in details to fish out the seemingly small 0.5% means, especially with Block 0-90 0 coins (this is a cheating as the genesis block that contains 1.25 million premine is the block 0), and gradual ramping up coins per block make many people think this is a fair coin with no premine.
Now everyone understands what the dev actually did.
+1 Thanks for informing us.
Show Posts
