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/biz/ - Business & Finance

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2553275 No.2553275 [Reply] [Original]

Why is "premining" frowned upon?

>> No.2553282

Devs get their cut instantly

>> No.2553313

>>2553282
Wouldn't that incentivize them to actually work on their product to increase its value and not just dump it off immediately?

>> No.2553348

>premine 6 gorillion shekels
>"hey goy have you heard of shekel? mine now!"
>"good goy! now tell your friends we're putting shekel on exchanges!"
>"good goy! now tell your friends to tell their friends, and make sure you buy plenty of shekels!"
>cash out 6 gorillion shekels at a 6 gorillion % gain
>"sorry about that crash goy! but make sure to tell your friends about liteshekel!"

>> No.2553376

>>2553348
antisemitic bastard!

>> No.2553379

>>2553275
Semi-stealing
Devs get their cut before anyone gets in

>> No.2553395
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2553395

>>2553348
mostly this minus all the antisemitism

>> No.2553406

>>2553376
Good goy.

>> No.2553420
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2553420

>>2553395

>> No.2553430
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2553430

>>2553395
If only..

>> No.2553434

>>2553313
No, it incentivizes them to dump ASAP while everyone goes ICO crazy, then create a new coin and repeat.

>> No.2553445

>>2553313
Not necessarily. It gives them an immediate profit if they decide to sell once the price spikes. Then, they can take the profits and run.

>> No.2553450

>>2553376
cuck