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Can anyone give an insight to why they decided to have the stellars pre mined? Wouldn't that make stellars not valuable...

• joyce 12y ago
  We want to give them away as fairly and to as many people as possible. Stellar doesn't require mining and so there's no need to give them away to the people with the most CPU cycles. Anyone can participate regardless of technical ability or income.
• oafitupa 12y ago
  Yep, just another premined coin to the list, and as it turns out it's a fork of Ripple. Everyone here should read this comment: https://news.ycombinator.com/item?id=8115272 https://news.ycombinator.com/item?id=8115272
  • schrodinger 12y ago
    Please stop posting the same thing over and over.
  • vbuterin 12y ago
    There is absolutely nothing wrong with premining, if it is done honestly and transparently and especially if your coin is using a consensus algorithm that has no need for regular mining in the first place. Let's evaluate the fairness of the distribution model on its merits. This one is quasi-centralized (relying on Facebook accounts), but I predict it will be among the most egalitarian.
    • jejejajo 12y ago
      Says the creator of a premined coin (Ethereum).
      • foobarqux 12y ago
        Why isn't pre-mining viewed like VC-less VC?
        • wmf 12y ago
          People who complain about pre-mining probably also think VC is evil because their Radeon card isn't sufficient to participate in seed rounds.
• joyce 12y ago
  We want to give them away as fairly and to as many people as possible. Stellar doesn't require mining and so there's no need to give them away to the people with the most CPU cycles. Anyone can participate regardless of technical ability or income.