Premine can work as long as the public has confidence in the distribution.
NEM for instance has 3000 stakeholders.  Taint analysis was used to remove hundreds of sockpuppets and the large scale diminishes any return from sockpuppets.

In contrast - you can have something like NxT (100% premine) which only had 73 stakeholders, of which 20 owned the majority, bought all the NxT for 21 BTC.  Probably most of these 20 big stakeholders were sockpuppets since there was no taint analysis used and it was such an obscure IPO that it was likely the same people signing up multiple stakes.

It may had been someone else than Jagaur, I just remember browsing through names and posts here and uncovering it.

Back to NEM now. 

We'll have to wait and see about NXTL.  I have reserved a stake (after seeing Jagaur had reserved one) but it could very well be an IPO scam.  There's a strong correlation between bad english and IPO scams on this forum.  Skillroad, a Russian, might be active but most of the other developers don't have accounts on this  forum and and the only one who does Mleekko hasn't logged in since mid-March.

That's not how these things work.  There's no mechanism to make NxT the reserve of 2.0.  NxT, outside of Dgex and BTER, has very few exchanges and it's never been used in a reserve capacity.  When people come to the crypto world - they buy Bitcoin and exchange it for other coins.

NxT was a scam.  It had terrible distribution (73 unique wallets.  20 owned the majority.  A lot of the 73 were likely sockpuppets, too - considering the small population).

 BCNext, the developer of NxT, released a half completed code and then sold all his stake and fled without ever returning in November.  
NxT used to be $90+ million until these facts were well known and understood by the public.

IMHO - wait for NEM and NXTL.

I sent 0.03
Transaction ID:  e6afd81a9aa447f765b3048769b16fedd9129f77c7c187c5691ea458c9cd1bb7

Can we relate this to Mark Karpeles?!

It was a pump and dump based on news of multipool.  90 days ago the pump of the month was Mint and Vert.

BC was a bitclone with faster transactions, pos and novelty products - maybe better than BTC but not much different from the 200+ Bitclones.


IMHO, I would stick to generation 2.0 coins

The "hard drive got fried" excuse, been hearing that one for over 20 years.

pump and dump has evolved   

Bitclone err Blackcoin brought nothing new, ripped off PoS and was a reskin of the Bitcoin wallet.

Wasn't NEM the first 'community coin' and then people decided to copy its' IPO and distribution?
NEM hasn't released yet, though.  Long development but it takes time to release something which isn't a Bitclone.

Do I really have to post on that website to get free coins?  Just give it to me here. 

Where on bitbucket?

Blackcoin users did research and the MP had little to do with its' pump / boom.  BC's boom was no different than Vert and Mint 90 days ago.  Each time there's a recession / bear some random coin gets pumped and then dumped.

Sell your house, mortgage as much as possible, borrpw from loan sharks.

Put it on blackcoin you'll be a billionaire!

Blackcoin going down.  5 million by end of the week.

Sell

Everyone is hopping on the Ripple bandwagon and they'll likely make the same mistakes (premining 98%+)

Old news - a lot of police departments have archived Facebook and used those photos to identify people on cctv caught committing crimes.

It was pumpers reacting to multipool which made it go boom, not mining $hitclobes to buy another $hitclone

I give it a week for you gerbils to realize this was a pump and dump.  Now you can join the club with mint and vert.