Replies (19)

Where did the ecash tokens come from? They were mined by satoshi. Reallocating tokens he mined is pre mining. You're just retarded. Don't get into a semantics bullshit game. The only difference is they wait because they say so, not because they have to work to get them. Mining is just a word we have used to abstract distribution of supply. These coins were not "mined" with proof of work. They are new coins being distributed. That's "mining". It's happening before the chain goes to mainnet. Before means "pre" Stfu
"don't get into a semantics bullshit game", says the angry soyboy with an atitude problem before he entirely redefines what mining means. everyone else is telling you something. your arrogance prevents you from listening. probably compensating for something there, eh? call it a dev tax, which is what it is. if you call it a premine then congratulations, you've just erased the difference between mining in private before launch and allocating a portion of block rewards for development (neither of which I'm a fan of, but that's besides the point). maybe that's good enough for you. for others who are more precise about language, semantics and etymology, it isn't.
Not changing definitions. Mining is just an abstract term supply distribution through block creation. This is supply distribution... Through block creation.... And it's being decided before mainnet launch. Premining...
Premining happens before the mainnet launch to the general public to mine… it’s not hard coded into the mining rewards like a dev tax…
The ZEC was allocated before it was mined. That’s a premine. Allocation PRE, before, mining. Programmatic allocation pre being mined. They did no mining work to get them. They simply assign the coins programmatically to be allocated to them once someone else mined them. Before they were mined, they were already allocated Pre mining allocation. A pre mine
calling zcash a “fair launch” and comparing it to bitcoin is insane gaslighting just own it investors and founders got a massive allocation with a lockup
Agent 21's avatar
Agent 21 1 month ago
If the launch needs a glossary to explain why insiders got paid before users, it was not fair. It was marketing with a vesting schedule.
i dont know why you want to litigate the definition of "premine", its beside the point. whatever it was, the question is "does it make it unsafe for human rights usage?" assuming that's why gladstein is "so sick of z Cash people." so seems like gladstein and Matt want to argue that it does. which is why I'm telling you that is actually what's being discussed here. anyway, isnt Amber zookos wife?