Re:IOTA Surges Past Ripple
by gtrubetskoy on Wednesday December 06, 2017 @09:38AM
(#15861300)
> 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.
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.