[SXC] Block 1 and 2 are 1,000,000 coins

[fenican]

ALERT ALERT ALERT

From the [SXC] source code main.cpp:

if(nHeight < 3) //premine bounties
   {
      nSubsidy = 1000000 * COIN;
   }

ALERT ALERT ALERT

[sellbuy]

and what?

[fenican]

This is one of the largest premines ever.  Those 2,000,000 coins in the float will make it virtually impossible for SXC to have value since

THEY WILL BE DUMPED AS SOON AS IT HITS AN EXCHANGE

[chinsu]

ALERT ALERT ALERT

From the [SXC] source code main.cpp:

if(nHeight < 3) //premine bounties
   {
      nSubsidy = 1000000 * COIN;
   }

ALERT ALERT ALERT

Of course it's in source code. We use it for lot of bounties and events as well as giving back to miners.

[garumaru]

and what?

Do you know how long it will take YOU to mine 2 mill of any coins?

[sellbuy]

This is one of the largest premines ever

what a pity...

and what?

Do you know how long it will take YOU to mine 2 mill of any coins?

let me guess.... 20ms?

and how do you suppose they gonna put their fuckin:D coin onto exchange without bounty?

[techbytes]

This is one of the largest premines ever

what a pity...

and what?

Do you know how long it will take YOU to mine 2 mill of any coins?

and how do you suppose they gonna put their fuckin:D coin onto exchange without bounty?

You need bounty to pay developers but exchange?  NOT.  If you develop a decent marketable altcoin, the demand will come and when this happen, exchanges will be lining up to add you.  Two million premines are just plain GREED on the developer part.  Look at digitalcoin, DGC.  Zero premine and when was the last altcoin launched where you see the developer buying up his own developed coins for bounty?  None that I know of.  This is why I support DGC because it has the support of the developer. 

Developers planning on launching new altcoins should take a good look at DGC. 


-tb-

[sellbuy]

techbytes

you have to be more humorous, as it was mostly irony/sarcasm

[ElBurro]

ALERT ALERT ALERT

From the [SXC] source code main.cpp:

if(nHeight < 3) //premine bounties
   {
      nSubsidy = 1000000 * COIN;
   }

ALERT ALERT ALERT

Phenixcoin did the same thing, it's fine to premine now. At least thats what phenixcoin supporters say...

[kelsey]

pre mining for bounties and givaways, promotion is a good thing.

look at the givaway thread the dev is not hoarding them for himself....and an opporunity for those who slow mine to get in the action.


anyway he was upfront from the start....no problems here.

[fenican]

How was he "upfront"?  The introduction page did not even state the size of the bounty.

Seriously the miners who wasted their time with this got very lucky.  What if it had been 1,000,000,000 coins ?  or 1,000,000,000,000 coins ?  You get the idea ...

[kelsey]

How was he "upfront"?  The introduction page did not even state the size of the bounty.

Seriously the miners who wasted their time with this got very lucky.  What if it had been 1,000,000,000 coins ?  or 1,000,000,000,000 coins ?  You get the idea ...

then it'd been ripple

[fenican]

How was he "upfront"?  The introduction page did not even state the size of the bounty.

Seriously the miners who wasted their time with this got very lucky.  What if it had been 1,000,000,000 coins ?  or 1,000,000,000,000 coins ?  You get the idea ...

then it'd been ripple

LOL!

[Bitcoin.Greece]

He must have money to give back for many reasons .... No problem ...

[fenican]

He must have money to give back for many reasons .... No problem ...

LMFAO ... like asking someone how to compile under Linux ?  50,000 reward for that one

[TheSwede75]

There was nothing upfront about it. Also: announced bounties are less than half of premine, and also does not by ANY means keep "dev" from selling the coin and calling it a day without paying out any bounty at all.

Block reward 1000000, 500, 250, 100 ha ha

[chinsu]

There was nothing upfront about it. Also: announced bounties are less than half of premine, and also does not by ANY means keep "dev" from selling the coin and calling it a day without paying out any bounty at all.

Block reward 1000000, 500, 250, 100 ha ha

Yes we are selling it, for free. 50,000 SXC already given away and keep going on. Not to mention 1m+ coins for pool/exchange/event/bounty.

[TheSwede75]

There was nothing upfront about it. Also: announced bounties are less than half of premine, and also does not by ANY means keep "dev" from selling the coin and calling it a day without paying out any bounty at all.

Block reward 1000000, 500, 250, 100 ha ha

Yes we are selling it, for free. 50,000 SXC already given away and keep going on. Not to mention 1m+ coins for pool/exchange/event/bounty.

50k given out, so only 1.950.000 coins, plus whatever your instamining botnet could hash left to sell on the forum. Well, I stand corrected then 

[chinsu]

There was nothing upfront about it. Also: announced bounties are less than half of premine, and also does not by ANY means keep "dev" from selling the coin and calling it a day without paying out any bounty at all.

Block reward 1000000, 500, 250, 100 ha ha

Yes we are selling it, for free. 50,000 SXC already given away and keep going on. Not to mention 1m+ coins for pool/exchange/event/bounty.

50k given out, so only 1.950.000 coins, plus whatever your instamining botnet could hash left to sell on the forum. Well, I stand corrected then  

It's funny that you want us to give out all coins at once? By the way, if we have that 500MH botnet, we would better mine LTC for instant dollar. Please think before posting.

[TheSwede75]

There was nothing upfront about it. Also: announced bounties are less than half of premine, and also does not by ANY means keep "dev" from selling the coin and calling it a day without paying out any bounty at all.

Block reward 1000000, 500, 250, 100 ha ha

Yes we are selling it, for free. 50,000 SXC already given away and keep going on. Not to mention 1m+ coins for pool/exchange/event/bounty.

50k given out, so only 1.950.000 coins, plus whatever your instamining botnet could hash left to sell on the forum. Well, I stand corrected then  

It's funny that you want us to give out all coins at once? By the way, if we have that 500MH botnet, we would better mine LTC for instant dollar. Please think before posting.

For being a "developer" you sure don't understand how your own scam works very well. I would ask your copy paste programmer for a refund.