|
December 22, 2013, 01:22:28 AM |
|
I like how he answers the "pre-mine" question so now we can put that horsesh!t to rest:
"Generally the term “pre-mine” in the alt-coin community refers to mining a coin before releasing it to the public, or where a coin has a special block in the beginning (usually block 1) that gives a large reward to the developer. Neither of these apply to Quark. Quark was released on bitcointalk, the most active alt-coin community on the web, with only the genesis block mined. During this period on the alt-coin forum, many new coins were released, sometimes multiple coins a day.
The response to Quark’s release was also a big surprise. Within minutes the seed nodes were maxed out with hundreds of connections and additional nodes were provided by other members of the forum. The coin was listed on multiple exchanges relatively soon after its release, so I think this allowed for a relatively wide distribution of coins before the recent dramatic rise in price."
|