insette

4 ms·

1. 1.▲
   by insette 9y ago

   > If you confuse cryptocoins with stocks and shares in Companies with real world assets and obligations like Apple you're in for a dear surprise. > Cryptocoins are reproducible software databases. Production and minting of the su
2. 2.▲
   by insette 9y ago

   Premining has a very simple technical definition: premining is the act of hard-coding the distribution of coins into a distributed ledger prior to the ledger's public debut. Unfortunately there are plenty of prolific high-ranking m
3. 3.▲
   by insette 9y ago

   > Obviously in pure proof-of-stake systems, a "pre-mine" is de facto the only path you can take. It's very possible for project founders to forego a premine, even in pure proof-of-stake systems. All they need to do is de
4. 4.▲
   by insette 9y ago

   > 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 w
5. 5.▲
   by insette 9y ago

   Are you ready for a great counterexample to your "knowledgeable" friend's claim? Look at Ethereum on CoinMarketcap.com. Next, find Counterparty.io on CMC. You'll have to scroll to page 2. What you'll notice is Ether