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Author Topic: You want a fair start in cryptocurrency world? Try NEM  (Read 1613 times)
instacalm
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July 02, 2014, 09:29:04 PM
 #21

First it is premined, and you are blind if you dont see it in blockchain. Not even stupid, just blind.

Hi atoni,

sorry, you're wrong, a PoS genesis block is not "premined" but generated. Calling it premined makes no sense at all -- the used word is a complete misnomer.
atoni
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July 02, 2014, 09:33:42 PM
 #22

First it is premined, and you are blind if you dont see it in blockchain. Not even stupid, just blind.

Hi atoni,

sorry, you're wrong, a PoS genesis block is not "premined" but generated. Calling it premined makes no sense at all -- the used word is a complete misnomer.

Generated means premined, what you probably mean is that it was not instamined.
instacalm
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July 02, 2014, 09:35:10 PM
Last edit: July 02, 2014, 10:36:42 PM by instacash
 #23

Generated means premined, what you probably mean is that it was not instamined.

No, you're using a misnomer here. There is no mining in PoS hence referring to the term "premine" is logically wrong.

I know what you meant though!
atoni
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July 02, 2014, 09:46:09 PM
 #24

Generated means premined, what you probably mean is that it was not instamined.

No, you're using a misnomer here. There is no mining in PoS hence referring to the term "premine" is logically wrong.

Ok I see what you mean, but its obvious what premine word stands for in this example.
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