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Comment by Funnnny | Hacker News Reader

Most if not all successful cryptocurrencies, like BitCoin, are only premied a genesis block, a few block for confirmation and then maybe a few days of beta release.

10% is hilariously greed and maybe fit "nothing but scams"

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Oh come on, the early bitcoin adopters got WAY more than 10%. The first bitcoin transaction was 10,000 BTC for a pizza. That should tell you how easy it was to mine bitcoin when it first came out.

That's the point. The people complaining about "premining" want to be early adopters and take that 10% for themselves (even though it probably doesn't work any more due to the maturity of the cryptocurrency ecosystem). As if reading forums obsessively and firing up your GPU at the right time is more deserving than writing the code in the first place.

I agree. Even if you don't pre-mine, the random early adopters will be getting an "unfair" share. I'd rather it went to the founders than random users.

> random early adopters will be getting an "unfair" share

The 'random' early adopters of bitcoin were experienced cryptographers whos investment in bitcoin helped it grow.

Eh, more cypherphreaks and cypherpunks. Not academics, and definitely not the sort of people at banks who'd call themselves "experienced cryptographers."

I can barely untangle all the nonsense, shifting goal posts and false authority in the single line that you wrote. What are you trying to say?

Bitcoin wouldn't've been possible without transactions like that. The future of Bitcoin was as uncertain as any startup, and it wasn't until that pizza transaction that people started paying attention.

So thats worth $6,888,100?

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