how scammy is skycoin? 100 premined but is there any merit to the coin?
SKYCOIN LOW DOWN
Wyatt Bell
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Nathan Cook
It was 100% premined? S*y is becoming a caricature of a scam at this point.
Wouldn't touch it with a 10 foot pole, wouldn't even consider it unless the bare necessity is implemented in a satisfactory manner. The consensus Algorithm.
Personally, wouldn't touch it even if it was implemented. To many scam/incompetence checkpoints ticked off.
Andrew Collins
>premined
The coin has no block reward. The whole reason for this is because you end up with mining pools that do scammy shit like with Bitcoin and bcash and the sv hashwar
Adam Sullivan
Creg Sanjy stumbled upon poopcoin back in 2008 in Mumbay. These poos the Vishnu needs to poo to survive. Once fully pooed, Creg Vishny will invent Bitcoin.
Daniel Collins
100% scam, Any coin that is premined is simply only backed by marketing in hopes a company is dumb enough to buy as many as their shitcoins. Bitcoin and ETH are the only coins that will last.
Brody Edwards
the team gets to decide how to distribute the coins do they not?
Wyatt Rodriguez
read the whitepaper.
of course it's a gigantic shitcoin.
Carson Cooper
If the team were irresponsible in distributing the coins 100% of them would be distributed already and in the hands of whales who control the market. only 12 million coins are circulating so far, but once 25 million are circulating, no more than 5 mil per year can be released because there is a time lock constraint on the wallet that contains locked coins.
Bentley Lewis
which one they have fucking 10
Grayson Bennett
the one that promises an entirely new isp-less internet through a network of private antennas with 15km range