> So then is AAPL stock a shitcoin because it was 100% pre-mined (the founders started with 100% of the equity)? That logic make no sense. Of course not. Judgi

> So then is AAPL stock a shitcoin because it was 100% pre-mined (the founders started with 100% of the equity)? That logic make no sense. Of course not. Judging by the fact 75% of the top 20 coins on CMC are premined, the only people who have an issue with founders premining the coin are delusional. Even if you did want to launch a coin with no premine in today's market, due to the insane amount of interest in cryptocurrency, it's virtually impossible for founders to mine their own coin en masse (per Satoshi). In the absence of an explicit premine, industrial scale miners effectively "premine" the coin in lieu of the founders premining the coin. And typically, coins that claim they aren't premined have a checkered history of ninjamining or cripplemining or instamining etc; while the founders tout "no premine" to noobs, in reality they just played games to get around the (pointless) stigma of it.