Pre-mined alt coins

[coinrevo]

I am not saying Ripple is not a great centralized IOU exchange but as you pointed out, we cannot expect people to make a difference between an exchange and a crypto-currency neither between PoW and PoS.

Ripple is a currency as well - at bitstamp 1 XRP = 49.92$. its kind of like a fiat currency, in that is an IOU. I don't see much use for it.

your posts would have more weight if you would remove your advertised sig.

[GreenWins]

In my opinion NXT is a completely scam, same with Quark.

It makes no sense why Quark is even in this conversation.

Quark was NOT pre-mined at all.

Announcement Date: 2013-07-21
First Block: 2013-07-21

Source: http://bitinfocharts.com/quarkcoin/
https://bitcointalk.org/index.php?topic=260031.0

You should probably check out the video.

[jballs]

I see not much good in NXT (watched their promo video and thought it weakminded, and seem mostly disliked by the smarter people here). Ripple however I am fascinated with and think I am going to start using it as an application. I own no XRP as of now and no intelligent idea on the price/value...there is a lot of it, and if its price becomes unstable as bitcoins it will make the application useless (to me at least) so there is that.

[coinrevo]

You should probably check out the video.

why are these videos always the same? some ukulele in the background and a guy selling a CC as it was a bag of soap.

[guybrushthreepwood]

You should probably check out the video.

why are these videos always the same? some ukulele in the background and a guy selling a CC as it was a bag of soap.

Haha. Ukuleles are so in right now. There's been extensive research done on this and it's the sound most people trust.

[yatsey87]

In my opinion NXT is a completely scam, same with Quark.

It makes no sense why Quark is even in this conversation.

Quark was NOT pre-mined at all.

It might not've been premined but it was essentially instamined.

[guybrushthreepwood]

In my opinion NXT is a completely scam, same with Quark.

It makes no sense why Quark is even in this conversation.

Quark was NOT pre-mined at all.

It might not've been premined but it was essentially instamined.

What the hell is instamined?

[knightcoin]

...

Just woke up while ago ... yesterday before sleep I was doing some MANET simulations on OPNET just for fun ... today I had crazy idea, I mean very crazy idea came to my mind .. what if "change the mining paradigm"  and instead traditional mining it could be something like "time spend logged to bitcoin-radio network" as a reward variable.. but the network would not be the traditional internet, instead could be a infrastructure less type such as "A mobile ad hoc network" .. people could be reward for maintain a free network. Its also reminds how guys like Van Jacobson get pissed when face the reality that we already get wireless nodes and ambiguous connections everywhere but we just don't relay. We insist to pay a provider to get connected...  

Anyways going back to sleep lite more.. after it going to read some papers like

Relay-by-Smartphone
http://www.it.ecei.tohoku.ac.jp/innovation/en-index.html

video
http://www.youtube.com/watch?v=dVC4RLWMBng

[superresistant]

...
Just woke up while ago ... yesterday before sleep I was doing some MANET simulations on OPNET just for fun ... today I had crazy idea, I mean very crazy idea came to my mind .. what if "change the mining paradigm"  and instead traditional mining it could be something like "time spend logged to bitcoin-radio network" as a reward variable.. but the network would not be the traditional internet, instead could be a infrastructure less type such as "A mobile ad hoc network" .. people could be reward for maintain a free network. Its also reminds how guys like Van Jacobson get pissed when face the reality that we already get wireless nodes and ambiguous connections everywhere but we just don't relay. We insist to pay a provider to get connected...  
Anyways going back to sleep lite more.. after it going to read some papers like
Relay-by-Smartphone
http://www.it.ecei.tohoku.ac.jp/innovation/en-index.html
video
http://www.youtube.com/watch?v=dVC4RLWMBng

That look like the idea of 100% Proof-of-Stake :
End of the mining. You cannot talk about mining/pre-mining/hardware-miner, there is no such things.
Instead, every node on the network contribute equally to the security. It doesn't matter your hardware, any computer can be a node even a Raspberry Pi or maybe a phone. Because there is no incentive for centralization (contrary to Bitcoin and clones with mining pool), the network is truly decentralized. No 51% attack possible. You get rewarded proportionally to your coin-stake so everyone get the same % of return on interest.
The network is infinitely more energy sufficient and secure.

The only problem is that is goes against the "mining paradigm" and a lot of people cannot handle the change.

[yatsey87]

In my opinion NXT is a completely scam, same with Quark.

It makes no sense why Quark is even in this conversation.

Quark was NOT pre-mined at all.

It might not've been premined but it was essentially instamined.

What the hell is instamined?

Where most or a lot of the mining is done very quickly after launch.

[Zzzack]

only premined coins i trust are transparent about their premine.

Preminecoin is a personal favorite