[ANN] Bitcoin Litecoin Feathercoin. ALL PREMINED. Why pre-mining is needed!!!

[rumlazy]

Even if we go with your idea that bitcoin was premined (it wasn't), satoshi deserves every dollar he made. Let us not forget bitcoin is not a clone, it's what sparked a revolution.

[aepfel]

satoshi deserves every dollar he made.

i personaly cant imagine, that satoshi would even think about changing btc for dollars, or any others of that scams, for simply getting a profit.

[rumlazy]

I can agree with that 110%   And this thread was started to support Pre-Mining. Not to make it out to be a bad per say. There's alot of debate these days if Pre-Mining makes something a scam and to say that would be like saying Bitcoin Litecoin Feathercoin and IncaKoin for that matter were scams. And most of us can agree they are not. Pre-Mining is a way of paying developers and for development of a cryptocurrency. Would you want to work for free? I wouldn't expect people to. Its a way of paying for a creation that way no one gets shafted out of the whole deal.

Satoshi put a lot of work into bitcoin, it was the first of it's kind.  Most of these shit clones with premines don't do anything except make the developer money. Even most of the very innovative ones use most of bitcoins code. There's a couple that don't now but they still copy many concepts from bitcoin. If you have an innovative idea and want to apply it somewhere, usually all you have to do is ask for donations and people will donate in the thousands if they believe in your idea.

i personaly cant imagine, that satoshi would even think about changing btc for dollars, or any others of that scams, for simply getting a profit.

I don't think he would either, but if he did, I don't mind.  Satoshi spent an insane amount of time on bitcoin, long before it had real value.

[kaito]

helps pay developers

What developers? Everything is copied off bitcoin with some constants changed and occasionally the hashing algorithm changed.
Everything worth calling development has been done in bitcoin. Everything else was tweaking.

[LeftToeCut]

Dev does not deserve shit. By consensus yes, but not by any absolute moral right or any practical or technical necessity. If you have a pre-mined coin then you deserve it only by the virtue of consensus of the community around it. If you have failed to gather support for your pre-mine, then ,well, you have failed. What more is there to it?

[PenAndPaper]

Putting bitcoin to the same list with any other premined coin can't support a serious conversation about premining.

[jones31]

Dev for the altcoins?DEVS?What devs?

99% of all altcoins are 99% bitcoin clones.
There was no "developer" in the alt scene.
Bitcoin started from scratch , and it has the lowest number of coins mined every year to the total supply cap.
Altcoins grabbed the already developed code and mine 90% of the total in less than 6 months.

Don't even dare to compare!

[GoodHosting]

Comparing the BitCoin launch. Arguable the first launch of a cryptocurrency to get anywhere. To any subsequent cryptocoin launch is like comparing apples and oranges.

Justifying any premine on your coin by pointing to BitCoin is ridiculous. The entire landscape was completely different in terms of value, hardware, interest, acceptance, speculation, etc etc.

That said, a modest premine is totally fine for a plethora of reasons. But as others have said, Nothing more then 1-5%

[jones31]

If the ratio of premined coins to total coins is too big we run into big problems.
By the original satoshi white papers , the security of the netwrok is based on miners , and the revenue must be attractive enough to keep the network safe.

Now , we have altcoins that will offer very to little incentive to mine in the next years , with almost no transactions fees to compensate this.
Who will protect the network if the electricity bill is bigger than the revenue?
Right now the bitcoin network revenue from tx alone is 30000$.
How much is for any other alt?

[El Dude]

Litecoin was not premined , http://www.coindesk.com/litecoin-founder-charles-lee-on-the-origins-and-potential-of-the-worlds-second-largest-cryptocurrency/


good attempted to spread your FUD on the internet , you sir fail at life.

[jones31]

Litecoin was not premined , http://www.coindesk.com/litecoin-founder-charles-lee-on-the-origins-and-potential-of-the-worlds-second-largest-cryptocurrency/


good attempted to spread your FUD on the internet , you sir fail at life.

http://www.fantasypublishings.com/btcInfo/Alternate_cryptocurrencies/ANN_Litecoin__a_lite_version_of_Bitcoin_Launched_newPage18176.php


Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin.  Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

So , your ranting isn't making any sense.
You're clearly swinging from one post to another , posting totally different arguments that contradict themselves but you're still thinking you're right.
Good luck with your premined quak or hoax.