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> just because it’s premined doesn’t mean it’s a scam Not a scam, but there is a problem with premining. Consider the first 1 million Satoshi's bitcoins, which
by gtrubetskoy 9y ago
> just because it’s premined doesn’t mean it’s a scam
Not a scam, but there is a problem with premining. Consider the first 1 million Satoshi's bitcoins, which, albeit unintentional, still qualifies as pre-mining IMO - we don't know who owns them and whether they are spendable, their value is mind-boggling and if any one of them is spent, it can cause a panic.