Well, I have seen a lot of fud, from just a few users, and a lot of support, from many users.
Please, allow me to give my opinion on this coin.
First let me say, I understand the premine is kind of large, and I am accounting for that. Travis, I think you could have made the premine a bit smaller, you could probably have gotten away with 2-4% and still gotten the money you need for the bounties, but until I see the premine disappear from the transparent, public address where it is stored, I will not be worried. And trust me, I am watching it.
WITH THAT SAID: under any other circumstance, I would stay away from this coin, but I have chosen to take a relatively large position in TRUSTplus because:
1. You are being reasonably transparent about what is happening with the premine
2. The premine is not actually worth that much money (7000 dollars, come on, who gives a fuck)
3. You have stated that you mined 20,000 of these for yourself, which leads me to believe you have invested in the coin, which means the better it is, the more money you will make in the long run, which should give you incentive to use the premine in order to benefit the project, which would mean that ALL OF US make money, not just you.
4. I have read posts from you from 2 years ago where you were planning this project. I have seen honest posts from you, and quite frankly, you remind me of myself. I get banned from the polo trollbox all the time for standing up to fud and arguing with trolls until they crawl back under their bridge. I like that about you.
5. You are replying to every post. Many scammy devs will just make the coin, leave it alone, and wait for the pump. You are reasonably involved in the coin, and have planned the project for a while, and are responding reasonably to any concern anyone might have.
Lets not forget, a premine is not the end of the world. Let's also not forget, that JUST BECAUSE A COIN IS NOT PREMINED DOES NOT MEAN IT IS A PERFECTLY DISTRIBUTED COIN. Look at darkcoin. It is well known that Evan and his buddies instamined 2 million coins, and they are probably the ones dumping, they are millionaires by now. It is not hard to see. That is why I sold most of my darkcoins in the high teens, unfortunately I am still bagholding 100 darkcoins in my mintpal account. (whatever, I think the price will rebound eventually) so Basically they have the right to advertise "no premine" even though they instamined and control half the coins, it is no different. Anyway the point I am making is that a premine doesnt necessarily equal a bad coin, and no premine doesn't necessarily mean a good coin. Anyone can control a large portion of a coin if they rent the right amount of hash or buy the right amount when it is launched. It doesn't mean the coin is doomed. Travis controls 6% of these, but evan duff controls 2 million DRK, and look where drk price ended up.
Travis, I am counting on you. You have already spent a large portion of the premine for bounties, that is a good sign, so I feel alright. Hopefully, soon, you will be done spending the rest, and all of us can sleep easy knowing we are invested in the next big piece of innovation. (whales love innovation, expect a huge pump)
To all the average Joes: WATCH THAT PREMINE. If the premine disappears without notice, DUMP!! If it stays where it is, hold on to your coins...DRK is dying, and most other alts are too, if you hold TRUST, you may be able to cash in on the NEXT BIG PIECE OF INNOVATION TO HIT THE CRYPTO SCENE. To me, it's worth the risk =P
After reading that i think I'm going to dump 50% of the other coins I'm holding and buy in on TRUST...the dev even put up sell walls to ensure fair and even distribution! TRUST seems like one of the only save havens right now.
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