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July 09, 2016, 02:33:08 AM |
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I agree with the scam part.. why should we trust the developer and possibly invest this coin to say 1,000 satoshi or 2000 satoshi?
If we pour in all our hard earned bitcoin, what is to stop the developer from just cashing out as he pleases to feed his bitcoin account?
I have seen some honest coins or token ICO where what you get is proportional to how many people invest. That seems like a more fair way to go about distributing. If persons A, B, and C, pay a hefty sum initially, then persons D, E, and F come along and pay even a heftier sum for an proportional ICO then persons D, E, and F have a larger proportion of the ICO out of the 6 persons even though they bought in later in the ICO offering. That seems like a good way to do it over a huge developer premine such as this.
Its just my thoughts though.
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