where can i read about the "premined" topic?
i am interested into understand why 97% are mined in the first 6 months
and why that means more equitative distribution than with bitcoins.
maybe someone can explain me that in some short way?
Stability in prices -- Cryptocurrencies are not commodities. It's designed to be spent and a medium to receive payments from. If a cryptocurrency is not that, it's basically a pump and dump scheme.
Actually if you see for a fair cryptocurrency which is not seen as an investment, there should be a little bit inflation, cause that way people will not hold on to it like investment; instead they'll use it to buy investments like shares and gold -- which is something to be seen as an investment.
Limited coins supply is not that good for stability, neither is long term mining of coins.
The lost coins will increase the prices (instability in prices -- not desired; this'll happen cause Bitcoins are more rare). People will continue to loose they same way they continue to loose data.
Coins with limited but long term supply by mining (like for 6 years or a above) will have deflation for a long time (till all coins have been mined). Will people wait for this much time for it's prices to stabilize? Or will they quit for their national currency? The prices will increase cause of it's popularity + lost coins, and decrease cause of mining activity; agreed these variables will stabilize it's prices for the decade while it's being mined, but there're just too many variables involved; it's like shares, there's a risk from what news comes about the cryptocurrency, and then there's the mining. If it's good news, mining will help stabilize prices, if it's bad then prices will crash faster than expected.
The currency should try to reduce the factors it's price depends on in the technical front so as to reduce the variables on which it's price depends on.
External factors will always vary the price of any cryptocurrency regardless of the technicals. External factors also includes initial demands of a new coin.
Limited mining/inflation is ideal.
Mining should not die; it should be done to recover from lost coins. After all coins have been mined (in a relatively short period of time), the coins made per unit time should be enough to maintain the prices.
Premining --
Look at this thread.
From the day the 1st block went through, this thread was up (the same day and time).
Then go to the block explorer and check out the no. of unique addresses which mined blocks.
So there's no premining by devs, it's by the people.
