What about "don't premine at all"?

I started a threat on yacointalk about these huge wallets, but it would be nice to have more infos on that. Could you please add a graph showing (f.e Top 100 or even more) of the biggest adresses. The numbers for themselve seem to be useless but distribution charts of some sort could be useful.

EDIT: Oh and by the way, keep up the good work!

It would be a good idea for the OP to generate dedecated adresses to the bounties so people can easier donate directly and he handles the coins.

It's also kinda hard to figure out how much bounty is for an retailer atm and just because someone says he's going to plege means nothing if you don't know him.

This argument is very week and also applies to bitcoin it the past.
Just because you have some bitcoin (or fiat) it doesn't mean nobody is going to use or need a different system exept for money laundring. BTC has enough flaws to make it useless if some really good alternative shows up.

If YAC really succeeds it might even become the miner unfriendliest* crypto. New miners who want to mine their first YACs don't care if they pay more on their electricity bill than on an exchange. Botnet operators don't care about costs they care about returns and if there is a market for them in the future they will mine it at dumping prices.

*) shorterm for miners who can't wait for some times. Like they are burned today on yacs.

Well, they are stupid and deserve to be burned if they act like this.

I never understood why someone would mine a new coin if they don't belive in it. Mining your 100k probably wasn't a problem for you, but buying so many is usually impossible witout paying far more than they were worth at that moment. There is no way to get so many new altcoins witout spending more than they are worth.

Strange that people rather mine their coins insted the most profitable and exchange.

I don't know why YAC is on that list, but that's a question probably everybody would ask about the coin they are involved with.

Dabei geht es m.E. um die Verzinsung von Guthaben und das PoW ohne Transaktionsgebühren an die Miner keinen Sinn macht.

Generell ist PoW zum Erhalt einer Crypto ohne wirklichen Geldzuwachs sehr ineffizient. Die Anreitze (Gebühren) müssten sehr hoch sein damit die Hashrate einen motivierten Angreifer mit einer großen Rechenkapazität abhalten kann. Zwar haben die Besitzer von Bitcoins ein Interresse an einem starken Netzwerk, bei PoS währe dieser Aufwand dann allerdings nicht nötig.

Unehrlich? Das sie inkompetent sind ist mir nichts neuen, aber ich hab noch von keinen Betrug oder sowas von denen gehört.

Für den ersten Kauf von Bitcoins gibt es soweit ich weiß noch keine wirklich praktikable Alternative zu bitcoin.de, aber die sind mit bei weitem unsympathischer als Mt.Gox.

I disagree.
Althought I hate the premined coins of today I belive a fair premine is very beneficial for an altcoin. By fair I mean that there are fixed prices and ammounts to sell them at exchanges. f.e first premined 10.000 ATC will be sold for 0.001BTC (limit order) each and the money won't just go to the developers or just very limited if it's a huge success.

The reward will be used by an foundation to compensate first the expenses*2 (hosting,domains,...) to early supporters and at last to  new inovations. If a developer wants to make serious money nobody stops him to be an early adopter.

Example:
If someone donated 1000LTC at the beginning it wouldn't have made much difference for anyone, but 1000LTC with a limit order of 0.03BTC is serious money and motivates everyone to improve the crypto in the beginning.

Yac ist kein einfacher PPC-Fork mit nur nem anderen Algo, da hat sich schon bedeutend mehr getan.

Soweit ich den Zusammenhang Zeit/n-Factor und Blockreward verstanden habe ist es nie das Ziel gewesen PoW zu ersetzten, sondern ähnl. wie bei BTC mit der Zeit zu reduzieren. Es gibt leider noch keine allgemeinverständliche Funktionsbeschreibung und da ich nicht Code lesen kann hab mir diesen Zusammenhang aus den Foren zusammengesucht. Keine Garantie.

I don't see why this isn't sufficient for YAC to succeed. People here usually see crypto as code, but the advantage of mining on standard PCs is huge. I haven't seen such an huge improvement jump on any other altcoin.

Or they just wait untill there is enough demand to dump their coins.
Just waiting a little bit longer makes them more valuable. That proves nothing.


Premining is never acceptable.* If they really belived in it they could mine for themselves and still make a fortune if the coin succeeds. At first there isn't much competition on a new altcoin and beeing a premined crypto scares a lot of people away.

*maybe if the coins will be sold at predefined prices and the money goes to charity.

Seems like the first confession that Silkroad brought them to bitcoin.
Seriously, check your grammar! Three mistakes in one sentence is too much.

LOL!

23, and the mediahype when btc hit 100 USD.

I haven't burned myself or made some serious returns yet. Never mined anything or have any deeper knowlege about programming.

Ich meinte, das es zukünftig für Miner nicht möglich sein wird Coins für sich selber zu minen.

EDIT:
Bei 1BTC=1000USD würde man sehr günstigen Strom und sehr teures Equipment brauchen. Wenn man für Kosteneffizients erst mal 1000Eur in ein schnelles ASIC-Board stecken müsste und sich selbst das nicht bei haushaltsüblichen Strompreisen amortisiert kann man sich kaum die ganzen Coins behalten und muss sich die profitabelste Crypto zum minen suchen.

Dependes when you bought them and how smart your son is:

To your son: I don't know, but it paid for your PhD at Harvard.

They wouldn't have to change much.

At the moment the us invades states if they don't accept USD for oil (f.e iraq) and soon they might invade if they don't accept USD for bitcoin. No real change there.

Das wird sich ändern ...
Solange du es dir leisten kannst für dich selber zu minen ist das ok. Hast du dir schon mal überlegt wie viel Strom und Ausrüstung nötig währe um in einem freien Markt bei 1BTC für 1000$ kosteneffizient zu minen. Selbst bei nem LTC kurs von 10% ist das immernoch ne Menge Geld.

Die Kursschätzung von 0,1BTC halte ich für sehr realistisch.


Leider sind fast alle neuen Cryptos nur wegen dieser Gier geründet worden und die einzige Ausnahme davon ist kläglich gescheitert.
BTC hat den FirstmoverAdvantage, LTC die Verwandtschaft zu BTC und alles andere ist 'n Lottoschein wobei bei den meißten schon von Anfang an klar war das das ne Niete wird.