This is actually true. If you’re an OG Bitcoin Maximalist, Bitcoin was supposed to be the “One Ring to Rule them All”. Even @VitalikButerin tried to build Ethereum on top of Bitcoin but was denied.https://twitter.com/proffaustus/status/953906013324931072 …
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dont believe he was "denied". I was talking with him before, initially he was thinking bitcoin, then primecoin metacoin, then realised he could make more money launching his own coin. less FUD please. i am not a fan of altcoins. but things should live on their own merit not FUD.
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My share of the premine was 0.7% of current supply. Not sure what model that has me as a profit-maximizing agent would predict that, esp in contrast with top Ripple holders and basically every other recent cryptocurrency.
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Replying to @VitalikButerin @adam3us and
Zcash seems pretty moderate; premine 10% of the total (ours: 12%), and theirs is also distributed among a fair number of people.
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Replying to @VitalikButerin @adam3us and
And the Zcash founder's fund is also not a premine.
https://z.cash/support/faq.html#is-founders-reward-premine …4 replies 4 retweets 37 likes
meanwhile, in $IOTA there’s no “premine” since mining is obsolete. and the devs didn’t allocate anything to themselves. they had to buy their own tokens just like the rest. @DavidSonstebo @DomSchiener @c___f___b
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