Replying to Avatar Saberhagen The Nameless

Large verifiable premine. Even larger unverfiable premine from Boolberry.

It's also proof of stake meaning de facto indefinite tax that mostly goes to holders of that premine.

I think Beam does a much better job in every aspect above if someone wants a "private Ethereum"

(potentially darkfi too whenever it's officially launched)

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𝕞ptf 7mo ago

Thanks for the info. Premines and PoS are both huge red flags.

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Saberhagen The Nameless 7mo ago

Yea, it's made so much worse by combining th premine with PoS. On top of that it's claim to being a private Ethereum is weak once I realized token issuance is centralized to the token creator and lacks programmability.

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𝕞ptf 7mo ago

Yeah, anything PoS is just fiat with new kings. It's not for me.

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Saberhagen The Nameless 7mo ago

A verifibale 24% premine at the very least, but potentially as high as 78% if you include the Boolberry swap that can't be verified (we'll never know for sure)

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𝕞ptf 7mo ago

The temptation to pre mine and cover it up is strong in all shit coins.