True
But that premine is also already used for bounty, so the dev dont got all of that premine anymore. He is still giving people ELE from that premine.. At the end, i'm not wondering if the dev holds less then 1% from the premine, rest is all gone.
He can choose to burn it, or send to community.
That's what i tried to say: he is giving away his premine... He can never dump 50 million coins, simply because he don't have so much anymore
What I understood from elementrem's posts is that the premined coins (the 50 million) will mostly be used for developing a numerical analysis smart contract which might serve their vision for a distributed super computer. I think the funds for the bounties are separate from the premine (or maybe a very tiny portion of it).
The community trusts elementrem not to dump and expects great things from them as they're very active and deliver quite frequently.
Furthermore....
Many people emphasize the transparency of the pre-mined. Why should I?
This is not a company & business & rule. Needless to say, Elementrem are under no obligation to do anything.
But I have the following obligations:
As I mentioned earlier...1. I can’t simply throw out goals(sweet stories) and hope people are complying.
2. I will continue to make every effort to Improvement&Enhancement of the Elementrem.
3. As long as I'm alive, By the time I die, It will be constantly developed
4. Deeds are better than words.
Many places have actually posted a sign reading “road-map or some sweet stories” to attract more customers and investors. I don't do that, not ever.
My real job is a business man. I am very much aware of that.
As you know, I eventually plans to enter world computing & numerical analysis system. This would be designed to consume a developer's stake
And, By default, no constraints are added to a plan. Besides, add to a category(plan) cannot have a impact on existing categorizations.There were three categories in the BlockChain.
1. Public-net / 2. Private-net / 3. Consortium-net
The
hyperledger is typical of Consortium-net.
All of these are available to bridge between the (Public,Private,Consortium-net) blockchain & Ethereum smart contracts. like this :
https://github.com/ethereum/btcrelayOK.
This is the ethereum function.
But Elementrem does already have many of the features
(Blockchain, Mist wallet, Solidity, Partially it features of C ++ client, Smart Contract code) of the Ethereum. Of course Elementrem is fully independent from Ethereum.
you can see it from Github source code & release. In addition to this, I will add more features in the future. Relay function is very interesting aspects. All of those things need a lot of fuel(gas).
It'll take time but you'll get over it.And I completely understand critics position. anyone can judge elementrem however you want. It is a choice that everyone is entitled to have.
