If you could some how get the premined coins to be paid out over time it would be fine.
Like 2% of the coins mined go to the devs.
Difficult, not impossible to do. But then the devs or whoever taking a cut in perpetuity of all mining + tx fees in order to achieve that percentage is opening a whole different can of worms.
Part for ourselves (playas gotta eat) and part to give rookies a taste for the SWAG. ??
How much will you use for development/ givaways and how much of the coin are you keeping for your own personal use?
Can you outline your plan for the premine and premine transparency on the OP so people know what they are getting into as the op is vague as to the use and spread of the premine.
IMO and it is just an opinion the premine is too much how long will it take for miners to have 1.5% of the coins? So the miners can match the op devs wallet?
How is the OP/Dev going to prove that they have only kept for personal use X-amount and that Y-Amount is being used in the proactive manner as announced?
Working on your basic block reward of 450 it would take 11817.79555555556 blocks just to achieve premine parity.. Although i did read 1st day second day blocks and bling blocks this will make it quicker
But i have to say at least it is refreshing and shows honest intention that you announced you will keep some for personal use i applaud you for that!
Also what are your plans and future development of Swag where do you see it standing in the crypto world? Or is it just a money making machine with no real world use and no plan for development of innovative uses?
How many people and what are their on the dev team? And do they have defined and specific work targets and jobs?
What new innovation or development is Swag bringing to the table?
On what software is the coin based and its version?Will you be using or implementing gravity well to stop the diff being forced up and then the large rigs leaving. This leaving the small miner to deal with the high diff?
It seems all a little vague sorry just an opinion and i want to know my 10mh is working for me Thanks
According to our calculations once we get past the anti-instamine blocks (which reward 1 swag) it will take 3420 blocks for miners to get 5832000 SWAG. And you'll be able to fact-check that as soon as you get your hands on the source code.
What's there to hide? The premine is in the source code for everyone to see. But thanks for the words.
Now coming to the proactive use of funds, you'll see that starting tonight. We have a faucet in place that we're going to keep dripping wet, giveaway threads aren't permitted on BCT anymore but we'll have a giveaway running on our site and CCT, and we have a couple of contests that are going to start as soon as people get their wallets. But bottom line is that any coin is only as good as it's community and as long as that comes together the rest of the pieces will fall in their places. And remember... a family that mines together, stays together
Kimoto is in the dev roadmap. About real-life use apart from the bounties that we will award for exchanges, gambling sites and other time sinkers we will award bounties to legitimate merchants and have our own service platform in development.
Stick around. We have SWAG-y things in play for you
perhaps the Dev can launch MojoCoin next
We can then refer to:
- ophaned blocks as 'losing your Mojo'
- 'how much Mojo do you have'?
- make the wallet go 'Yeah Baby, Yeah' whenever a freshly minted block comes in.
- call the android app 'Mini Me'
- and last but not least: use the famous pinky as the logo on the coin
ok, enough rambling. time to get back to work
Will mine this btw.
We lol-ed. Thanks
I'm sure somebody will steal your concept
