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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 n

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.